1690 Watertower Pl, East Lansing, MI 48823

Commercial property for lease

• Description
• Located in the popular Watertower Office Park in East Lansing, this fully leased investment property consisting of 2 units comprising 66% of the total building. The units are leased to a international insurance service provider and a regional home health care provider. The property has long term relationships with both tenants and the health care tenant has recently renewed. The insurance tenant lease comes due in July of 2020 and is expected to renew at a rate several dollars per foot lower, as noted in the proforma cash flow. The property is priced based on the projected new rent amounts with the current rents producing a large excess return until the renewal period. The property is well maintained and both units have premium build outs and features throughout.The new owner could also choose to not renew the existing 5,895 Sq. Ft lease and occupy this space themselves on August 1st, 2020.Full offering memorandum available upon request.
• Spaces Available

  Space 1

  Space Available:	2,511 SF
  Rental Rate:	$15.50 SF/Year
  Lease Type:	Modified Gross
  Min Divisible:	2,511 SF
  Max Contiguous:	2,511 SF
  Occupancy:	Occupied
  Lease Term:	36 Months
  Conference Rooms:	1
  Added Date:	24 Jul, 2019

• Note

• Details Info about this row that located on 1690 Watertower Pl, East Lansing, MI 48823 was got from trusty sources, but HousesForSaleList.com can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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