Colliers International is pleased to present the investment opportunity of Oaks Crossing retail plaza. Located in the heart of Plainwell’s main retail corridor of Allegan Street (M-89), this retail center benefits from close proximity of many major retailers such as Walmart, Meijer, Walgreens, and Home Depot. 100% occupied by four tenants at market rate leases; the property offers an investor a great opportunity to purchase a building that has been meticulously maintained with many recent capital improvements. Priced at $885,000 or $89.17/SF the building generates $87,100 after reserves representing a cap rate of 9.84%. - Parking description: 50+ parking spaces - Number of buildings: 1 - Building condition: Good - Tenancy: Multiple Tenants
|10 Gb/s: Level 3 Communications, LLC|
|6 Mb/s: Charter Communications Inc.|
|6 Mb/s: JAS Networks|
|1.5 Mb/s: AT&T Michigan|
Median rate is a number derived from the median rate of listings posted on 42floors and reports from thought leaders in the area.