3709 Deep River Rd Standish, MI 48658
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Fully Leased, 8% Cap Rate, Michigan
Property size:
10,141 SFProperty Features for 3709 Deep River Rd
General Information
- Property type
- Office Properties & Spaces
- Square Feet
- 10,141 SF
- Lot Size
- 99,317 SF
Listing Agency: Trademark Commercial Group Listing Agent: Gretchen Witherspoon
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a 10,141 square foot, fully leased office building situated on a 2.28-acre lot in Standish, Michigan. Located at 3709 Deep River Rd, 48658, this traditional office building boasts a strong 100% occupancy rate, secured by a long-term tenant. The Michigan Department of Health & Human Services (MDHHS) has occupied the property since its construction in 1987, recently renewing their lease for five years, extending through 2028, with a five-year option to extend to 2033. This provides significant lease stability and predictable cash flow. The property offers an attractive 8.00% capitalization rate and is priced at $1,200,000, or $118.33 per square foot. The MDHHS location in Standish serves as the sole branch for Arenac County, with the nearest alternative located 25 miles away in Gladwin, ensuring continued demand for this essential service and the long-term viability of the lease. This is a rare opportunity to acquire a stable, high-yield investment property with a proven track record and significant future potential. Showings are by appointment only.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Department of Human Services
Social Service Agency
Location Insight
- Map
- Local Demand
- City
- Standish
- County
- Arenac
- State
- Michigan
- Longitude
- -83.9860826
- Latitude
- 43.9769949
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FAQs
What type of property is this?
Office Property / Space - Fully Leased, 8% Cap Rate, Michigan
Where is this office property / space located?
The property is located at 3709 Deep River Rd Standish, MI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: $1,200,000 asking price for a 10,141 square foot office building.; 8.00% cap rate with 100% occupancy.; Located on a 2.28-acre lot at 3709 Deep River Rd, Standish, MI 48658.