Offering Memorandum
Investment Sale
State of Michigan Department of Health & Human Services
30755 Montpelier
Madison Heights, Michigan
Madison Heights, Michigan
eCode:077i
Sales Price
$4,000,000
NOI
$305,715
Cap Rate
7.64%
Building Size
26,595 SF
Lot Size
3.44 AC
Year Built
1990
Traffic Count
I-75 (151,126 CPD)
W 13 Mile Rd (23,157 CPD)
Highlights
- Long Term Stability
- State Of Michigan – Strong Credit Rating
- Rent Increase
- The Michigan Department of Health & Human Services (MDHHS) is a Principal Department of the State of Michigan, Headquartered In Lansing, MI
- Community Impact Stats
| Radius | 1 mile | 3 mile | 5 mile |
| Population Density | 10,944 | 120,568 | 323,718 |
| Household Income | $82,612 | $105,659 | $110,687 |
| Daytime Pop | 7,999 | 77,519 | 226,377 |
SIMILAR PROPERTIES
Single-Tenant
2710 Salem Ave
925 Woodville Rd
Dayton & Toledo, Ohio
Dayton, OH: $1,833,333
Toledo, OH: $1,866,667 | Dayton, OH: 13,905 SF
Toledo, OH: 15,048 SF
925 Woodville Rd
Dayton & Toledo, Ohio
Dayton, OH: $1,833,333
Toledo, OH: $1,866,667 | Dayton, OH: 13,905 SF
Toledo, OH: 15,048 SF
Single-Tenant
2150 Executive Hills Ct
Auburn Hills, Michigan
$18,181,416 | 114,830 SF
Auburn Hills, Michigan
$18,181,416 | 114,830 SF
