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Auctioneer: Assets Now Properties

Auction Location:

13433-13445 Schaefer Hwy
Detroit, MI 48227

Auction Listing

13433-13445 Schaefer Hwy - Schaefer Square Plaza
14,762 SF Retail Building Offered at $2,963,853 at a 7.5% Cap Rate in Detroit, MI

INVESTMENT SUMMARY

* 7 Years remaining on 10 year lease
* 20-station state-of-the-art medical facility
* Recession proof industry
* Densely populated location conducive to dialysis model
* Multi-tenant providing income stability


THE OFFERING

Price - $2,963,853
Gross Leasable Area - 14,762 SF
Sale Type - Investment
No. Stories - 1
Cap Rate - 7.50%
Year Built - 2006
Property Type - Retail
Parking Ratio - 5.21/1,000 SF
Property Sub-type - Storefront
Zoning Description - B-4
Building Class - C
Lot Size - 1.01 AC