2120 University Park Dr Okemos, MI 48864
- Office buildings
- 13,338 SF
- 1.50 lot acres
Current Use by Public Records
- Strategic Safety Inc / Safety Equipment Supplier
- ASU Group / Insurance Agency
- Recovery Unlimited / Physical Therapy Clinic
- Michigan Transit Pool / Association Or Organization
- Catalyst Solutions / Employment Center
Property Details for 2120 University Park Dr
- Year built
- 1988
- Lot size
- 1.50 lot acres
- Property size
- 13,338 SF
- Zone code
- GO
- Property type
- Office buildings
- APN
- 33-06-06-04-226-018
- APU
- 33060604226018
Description
This exceptional investment opportunity presents a fully occupied, 13,338-square-foot Class B office building situated on a 1.5-acre lot in Okemos, Michigan's desirable University Commerce Park. Built in 1988 and meticulously maintained, the property boasts a strong 100% occupancy rate, generating a compelling 7.60% capitalization rate. The asking price is $1,995,000. Located at 2120 University Park Dr, Okemos, MI 48864 (APN 33-06-06-04-226-018), this asset benefits from its strategic location, providing easy access to Okemos Road and the I-96 interchange. The surrounding area offers a wealth of amenities, including numerous restaurants, banks, and retail establishments, enhancing tenant appeal and attracting a diverse clientele. This value-add opportunity presents a strong return on investment with potential for future appreciation. The property's prime location and high occupancy rate make it an attractive investment for discerning buyers seeking a stable and profitable asset in a thriving market. This is a rare chance to acquire a well-maintained, fully leased office building in a highly sought-after location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Okemos
- County
- Ingham
- State
- Michigan
- Longitude
- -84.4236
- Latitude
- 42.6798
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
