Strip Center for Sale - Westland, MI

Shopping Center for Sale
Catylist Listing ID: 30164573
Property Subtypes: Strip Center
Building Size (RSF): 28,405 SF
Gross Land Area: 2.88 Acres
Sale Price: $995,000
Unit Price: $35.03 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Great Lakes Ace Anchored Strip Center
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/12/2017

Overview / Comments

Value add Investment Sale in Westland. Great Lakes Ace Anchors this 28,405 SF retail center. 11,000 SF of vacant retail space, plus possible outlot parcel on Ann Arbor Road to create more value. Recent Improvements include new parking lot with lighting. Great Lakes Ace Lease/ NOI/ Phase I Environmental Available for review upon request.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Wayne
Submarket/Township: Southern I-275 Corridor
Tax ID/APN: Temp181144
Zoning: C-2
Property Located Between: Merriman and Middlebelt
Property Visibility: Excellent
Largest Nearby Street: Ann Arbor Trail
Traffic/Vehicle Count: 5,531
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 28,405 SF
Property Condition: Good
Parking Type: Surface
Parking Description: New parking lot with lighting.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,167 143,202 367,245
Median Age: 39.55 39.82 39.53
Households: 8,243 59,350 148,736
© Copyright Commercial Property Information Exchange (CPIX). All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.