« Spectrus Real Estate Group -- Property Alert (Related) |
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Spectrus Real Estate Group (Related) is pleased to offer another quality investment real estate solution. Lifestyle Center (Related) is an approximately 41,622 square foot retail center located in the heart of Shelby Township, one of Michigan’s fastest growing areas. Built in 2005-2006, the Property enjoys tremendous positioning in the city’s main retail corridor and is situated in the thriving Shelby Township with an average household income of more than $79,500 within a three-mile radius. Nearby, there are a number of new condominiums being constructed, as well as a large live/work development to the west of Lifestyle Center. Also in the near distance are a substantial number of high-income housing subdivisions. The property is 93.85% leased.
Property Information
Property Name: Lifestyle Center
Rentable SqFt: ± 41,622.00
Purchase Price: $10,550,000.00
Price per SqFt: $253.47 /sqft
Equity: $4,477,500.00
Loan Amount: $6,072,500.00
Loan-to-Value: 57.56%
Percent Occupied: 93.85%
Type: Single story retail center
To view the rest of our investment real estate solutions, please visit our Property (Related) page. Call 1-866-587-7328 or email (Related) us for more information.
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