Lakes Crossing

5663 Harvey Street, Norton Shores, MI

$16,400,000

Price

9%

Cap Rate

$1,473,028

NOI

Gallery
Street
Map
Overview
Cap Rate
9%
NOI
$1,473,028
Building Size
104,600 sqft
Occupancy
96%
Tenancy
Multiple
Investment Strategy
Value Add
Description

Mid-America Real Estate Corporation, in cooperation with Mid-America Real Estate – Michigan, LLC, has been retained by the owner to sell the 100% fee simple interest in Lakes Crossing, one of the dominant regional centers serving Muskegon and the western Grand Rapids metro area

Highlights
  • DOMINANT REGIONAL RETAIL LOCATION
  • STABLE DEMOGRAPHIC PROFILE WITH SEASONAL POPULATION INFLUX AND IMMEDIATE CONSUMER BASE FROM ADJACENT HOTEL
  • STRONG TENANT PERFORMANCE WITH DOMINANT SHADOW ANCHOR
  • NEAR-TERM VALUE ADD AND PAD DENSIFICATION
Documents
Title
Lakes_Crossing_Flyer.pdf
View
Lakes_Crossing_OM.pdf
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Location
Gallery