State of Michigan DHS – Standish, MI | Recent Lease Extension and CapEx – 11 Yrs

Agent Info

Ryan Vinco

248.702.0299
ryan@encorereis.com

Deno Bistolarides

248.702.0288
denob@encorereis.com

Brandon Hanna

248.702.0290
bhanna@encorereis.com

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Offering Information

3709 Deep River Road
Standish, MI 48658

  • Price: $1,186,258
  • Cap. Rate: 7.75%
  • NOI: $91,935
  • Building Size: 9,600SF
  • Lot Size: 1.36 AC

Investment Highlights

  • 9,600 Square Feet DHS Building Built in 1987 – Build to Suit for the Tenant
  • Recent Lease Extension – 11 Years Remaining – Tenant Exhibits Strong Commitment to the Site
  • Rental Increases In Options
  • Critical Location – The Only DHS Office in Arenac County
  • DHS Has A Long Occupancy In This Facility & Location
  • 2017 Exterior Paint/Seal/Stripe of Parking Lot
  • Tenant is Installing New Office Furniture in 2017 & New Carpet by Landlord
  • Traffic Counts Exceed 8,000 VPD on State Highway 61 - 0.90 Mile From Subject Property
  • Less Than Two Miles From Interstate 75
  • New Roof on Subject Property in 2007
  • Nearby St. Mary’s of MI Standish Hospital - A Not For Profit Critical Access Medi-cal Center
  • Nearby National Tenants Include Arby’s, Burger King, Taco Bell, Dollar General, McDonalds and Many More