Havens Office Building

Office for Sale
Catylist Listing ID: 30346953
Property Subtypes: Office Building
Building Size (RSF): 6,018 SF
Gross Building Area: See Agent
Sale Price: $741,000
Unit Price: $123.13 PSF
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/17/2019

Overview / Comments

Premium location with great access. One half of the building is available now for build out. There is currently one tenant leasing half of the building and paying 50% of the CAM charges. The current tenant is paying rent on 2,816 sf finished space and they are currently in a 5-year renewal period that goes through 5/31/2020. They have occupied the space since 2008 with a CPI increase every 3 years with the next scheduled CPI increase to be coincide with their lease term renewal in 2020. The tenant is currently paying $38,325.76 per year NNN ($13.61 psf).

Additional Details

Nearest MSA: Mitchell
County: Davison
Tax ID/APN: 15356-00000-003-00
Property Visibility: Excellent
Highway Access: Access from Havens Ave & Burr Street
Airports: Mitchell Airport
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 6,018 SF
Year Built: 2008
Construction/Siding: Block
Parking Type: Surface
Total Parking Spaces: 36
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,104 12,597 17,440
Median Age: 33.14 36.15 38.36
Households: 2,500 5,338 7,518
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