Investment Sale - South Haven Retail Strip

Retail-Commercial for Sale
Catylist Listing ID: 30516151
Property Subtypes: Free-Standing Building, Street Retail, Other
Building Size (RSF): 8,468 SF
Gross Building Area: See Agent
Sale Price: $895,000
Unit Price: $105.69 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 9.1%
Last Updated: 11/11/2019

Overview / Comments

Great Investment Sale Opportunity! Located in South Haven's central business district, this fully leased strip center with ample on-site parking is available for sale. Attractive cap rate, great tenant mix, well-maintained facility with excellent rental history.

Current Tenants

Tenant Business Name ReMax Agency
Is Renting? Yes
SF of Space Occupied 3,320 SF
Tenant Business Name Premier Title
Tenant Business Name Nail Salon
Is Renting? Yes
SF of Space Occupied 1,716 SF
Tenant Business Name Hideaway Gaming
Is Renting? Yes
SF of Space Occupied 1,816 SF
Tenant Business Name Farm Bureau Insurance
Is Renting? Yes
SF of Space Occupied 1,616 SF

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Van Buren
Taxing Authority: City of South Haven
Tax ID/APN: 80-53-769-006-01
Property Visibility: Excellent
Largest Nearby Street: Phoenix Street
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,586 6,974 11,755
Median Age: 45.36 45.35 43.84
Households: 1,613 3,044 4,938


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