35372 Van Dyke Avenue Retail
  • Asking Price
    $3.5MAsking Price
  • Size
    5,548 SFSize
  • Occupancy
    100%Occupancy
  • Built
    2020Built
  • Property Type
    RetailProperty Type

Description

35372 Van Dyke Avenue is a 5,548 SF, two-tenant retail investment offered for $3,482,496 in Sterling Heights. The 2020-built property is fully occupied by Aspen Dental and Charley’s and is marketed at a 6.25% cap rate, or approximately $627.70/SF. The building occupies approximately 1.31 acres and is zoned C-3 General Business.

The property fronts Van Dyke Avenue near 16 Mile Road and the Stellantis Sterling Heights Assembly Plant. Its recent construction, full occupancy, and complementary service and restaurant tenancy provide an investor with an operating multi-tenant asset rather than a lease-up project. Buyers should confirm current lease terms, rent increases, guaranties, and expense responsibilities in the offering materials.

Offering Summary

  • Asking Price
    $3,482,496
  • Price PSF
    $627.70
  • Property Type
    Retail
  • Size
    5,548 SF
  • Occupancy
    100%
  • Properties
    1
  • Built
    2020
  • Total Acres
    ~1.31 ac

Sale Details

  • Cap Rate
    6.25%

Documents

Property Address

35372 Van Dyke Avenue
Sterling Heights, MI 48312

Property Details

  • Property Type
    Retail
  • Gross Leasable Area
    5,548 SF
  • Occupancy
    100%
  • Year Built
    2020
  • Acres
    1.31
  • Zoning
    C-3 General Business

Deal Team

Sal Yaldo profile image

Sal Yaldo

Managing Partner
Apex Commercial Real Estate Advisors
MI RE Lic. 6501438965