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Saginaw Mental Health

$1,103,200

1040 North Towerline Road, Saginaw, MI 49601

Active
Last Updated: 02/26/2025

9.5

Cap Rate

104,808

NOI

Details:
Cap Rate:    9.5%
NOI:    $104,808
Building Size:    14,519 sqft
Lot Area:    3 acres
Occupancy:    100%
Year Built:    2001
Highlights:
  • Net Lease Office Investment - 14,519 SF Situated On 3 Acres
  • Recent Lease Renewal | Tenant Has Occupied Property For Over 20 Years
  • SCCMHA Is a Local, Independent, Governmental Unit Serving Saginaw County | Employs 310+ Staff & Contracts w/ Over 150 Different Organizations
  • Saginaw Is The Largest Municipality In The Saginaw, Midland, and Bay City Metropolitan Area
  • Tenant Recently Completed Interior Renovations & Extended Lease Showing Commitment To Location
  • Double Net Lease Structure - Recent Interior & Exterior Renovations Completed - Landscaping, Seal & Strip Parking Lot and Alarm System
  • Easy Access To I-75 w/ Five Mile Population Exceeding 51,000
Description:

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As a city on the riverfront, that flourishes from the culture and diversity of its neighborhoods and localities, Saginaw embodies many traditional American qualities such as hard work and a strong sense of community. These values are reflected in the social fabric of our various districts. Our diverse makeup also lends to a host of amazing cultural activities and events throughout our city. Located in the heart of the Great Lakes Bay Region, we provide something for every age, travel taste, and budget, including many free and family-oriented attractions year-round. In this, our wonderful city truly embodies the spirit of Pure Michigan.

Our beautiful Riverfront provides almost constant nature-watching and relaxation opportunities year-round, whether cruising down the waterway on a summer day, fishing from the banks of the new pier near Court Street, strolling along the Saginaw Riverwalk, or Ice Fishing in the Annual "Shiver on the River". You can also enjoy adventurous tours of one of the largest wetland ecosystems in Michigan, the Shiawassee National Wildlife Refuge.

If you are looking to enjoy seasonal events, Saginaw has a plethora of great attractions, such as our winter Holidays in the Heart of the City, which features two days of family fun as Saginaw kicks off the Christmas season. Hoyt Park is home to the largest outdoor skating rink in the area, complete with a newly renovated warming house. In the summer, Saginaw showcases its amazing Fourth of July Fireworks event, with a spectacular show on Ojibway Island. More great summer entertainment in the form of great food and music comes with our WKQC Country Music Fest, also located on Ojibway Island, and our free summer concert series.

If you are looking for culture, Saginaw is home to many beautiful sites such as the treasured Japanese Cultural Center and Tea House; and our historic Temple Theatre, which hosts many events throughout the year. More adventures await at the Mid-Michigan's Children's Museum and the Children's Zoo at Celebration Square, as well as our historic Castle Museum. If relaxation is on your mind, take a calming stroll along our riverfront through one of our many parks, such as Hoyt Park, Celebration Square, or Ojibway Island.

Map:
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