Single-Tenant Office
Iron Mountain Executive Plaza
200 W Ludington St, Iron Mountain, MI 49801
Listing Price: $1,353,000
Cap Rate
10.00%
Gross SF
4,180
Rentable SF
4,180
Price/Gross SF
$323.68
Lot Size
0.24 acres
Year Built
1936
Investment Overview
Marcus & Millichap is pleased to bring to market a Single Tenant Office Building located in Iron Mountain, MI.
Iron Mountain Executive Plaza
Investment Highlights
- 4,180-SF Single Tenant Office on a +/-0.24 Acre Parcel | Rare 10% Yield On a Single Tenant Property
- 8 Years Remaining on a 10 Year Absolute Net Master Lease With No Landlord Responsibilities
- Corporately Guaranteed Lease by PWA Management with a 3-Year Significant Personal Guaranty | PWA Management LLC is a Proven Operator with a Track Record of Successful Operations Across the Country
- Timeframe for Full Operational Status: The Length of the Personal Guaranty Ensures the Property Has Ample Time to Reach Full Operational and Tenanted Status
- Strategic Location in High-Traffic Area: Positioned at a Prime Location with High Visibility and Accessibility, Iron Mountain Executive Plaza is Well-Placed to Benefit From the City's Ongoing Growth and Development Efforts
- High-Growth Area And Community Revitalization: Initiatives in the Last 5 Years Include a New Downtown Retail Complex and Expansion to Iron Mountain Shopping Center
- Business Expansions Include Renovations to Marshfield Medical Center Dickinson, a New Automotive Manufacturing Plant and a New Warehouse Distribution Center Acting as a Largescale Logistics Hub with Proximity to Ford Airport
- Strategic Location Within a Prime High-Traffic Corridor in Downtown Iron Mountain, Seeing 11,000+ VPD | Property Sits Adjacent to the Regional United States Postal Service Facilities | One Block From a Newly Constructed TownePlace Suites Hotel With 95 Units | Daytime Population of 23,200+ Within 5-Miles
Exclusively Listed By
Broker of Record
-
Steve Chaben
Senior Vice President / Regional Manager
Listing Price: $1,353,000
Cap Rate
10.00%
Gross SF
4,180
Rentable SF
4,180
Price/Gross SF
$323.68
Lot Size
0.24 acres
Year Built
1936
Investment Highlights
- 4,180-SF Single Tenant Office on a +/-0.24 Acre Parcel | Rare 10% Yield On a Single Tenant Property
- 8 Years Remaining on a 10 Year Absolute Net Master Lease With No Landlord Responsibilities
- Corporately Guaranteed Lease by PWA Management with a 3-Year Significant Personal Guaranty | PWA Management LLC is a Proven Operator with a Track Record of Successful Operations Across the Country
- Timeframe for Full Operational Status: The Length of the Personal Guaranty Ensures the Property Has Ample Time to Reach Full Operational and Tenanted Status
- Strategic Location in High-Traffic Area: Positioned at a Prime Location with High Visibility and Accessibility, Iron Mountain Executive Plaza is Well-Placed to Benefit From the City's Ongoing Growth and Development Efforts
- High-Growth Area And Community Revitalization: Initiatives in the Last 5 Years Include a New Downtown Retail Complex and Expansion to Iron Mountain Shopping Center
- Business Expansions Include Renovations to Marshfield Medical Center Dickinson, a New Automotive Manufacturing Plant and a New Warehouse Distribution Center Acting as a Largescale Logistics Hub with Proximity to Ford Airport
- Strategic Location Within a Prime High-Traffic Corridor in Downtown Iron Mountain, Seeing 11,000+ VPD | Property Sits Adjacent to the Regional United States Postal Service Facilities | One Block From a Newly Constructed TownePlace Suites Hotel With 95 Units | Daytime Population of 23,200+ Within 5-Miles
Investment Overview
Marcus & Millichap is pleased to bring to market a Single Tenant Office Building located in Iron Mountain, MI.
Exclusively Listed By
Broker of Record
-
Steve Chaben
Senior Vice President / Regional Manager
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