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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.

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

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Single-Tenant Office

Iron Mountain Executive Plaza

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

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

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