Investment Property - Office/Whse/Showroom Bldg - Lansing MI

Description:

Martin Commercial Properties is pleased to present for sale this multi-tenant mixed-use investment opportunity. The property is located on South Pennsylvania Avenue, a prominent north-south thoroughfare, only 2 blocks from I-496. The 49,700-SF building consists of 56% office space and 44% warehouse/distribution/showroom space. It contains tenant-specific office build-out, 3 docks, 2 ramps, 1 overhead door and 12' ceilings. The property is conveniently located 2 blocks south of I-496 and only 1.4 miles from GM's Grand River Assembly Plant.

The Penn Building has a history of strong occupancy. Long-term tenants include Munch's Supply, occupying over 17,000 SF for 20 years; and Ingham County's Willow Community Health, occupying over 10,000 SF for 10 years. The property is 87.4% leased, creating a significant value-add opportunity for an investor.

Call for comprehensive offering memorandum.Martin Commercial Properties is pleased to present for sale this multi-tenant mixed-use investment opportunity. The property is located on South Pennsylvania Avenue, a prominent north-south thoroughfare, only 2 blocks from I-496. The 49,700-SF building consists of 56% office space and 44% warehouse/distribution/showroom space. It contains tenant-specific office build-out, 3 docks, 2 ramps, 1 overhead door and 12' ceilings. The property is conveniently located 2 blocks south of I-496 and only 1.4 miles from GM's Grand River Assembly Plant.

The Penn Building has a history of strong occupancy. Long-term tenants include Munch's Supply, occupying over 17,000 SF for 20 years; and Ingham County's Willow Community Health, occupying over 10,000 SF for 10 years. The property is 87.4% leased, creating a significant value-add opportunity for an investor.

Call for comprehensive offering memorandum.