JOHN PORTHVice Pres identjkpor th@thomasduke.com

EXCLUSIVELY LISTED BY:

BIRCHWOOD OFFICECENTER - FOR SALE

H O W E L L , M I 4 8 8 4 3

Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335

thomasduke.com | 2

OFFERING SUMMARY

Sale Price: $685,000.00

APN: 4711-05-300-019

Year Built: 1992

Building Size: 10,644 SF

Zoning: General Commercial

District

Price / SF: $64.36

Utilities: City Water & Sanitary

Sewer

Location Description: North side of Grand

River, just west of

Latson Road.

DEMOGRAPHICS 1 Mile 3 Miles 5 Miles

Total Households: 1,182 6,971 15,075

Total Population: 2,699 17,364 37,928

Average HH Income: $65,160 $80,080 $79,902

PROPERTY HIGHLIGHTS

• 3 Buildings.

• Great User/Investor opportunity.

• Well maintained.

• Close to I96 Interchange.

E X E C U T I V E S U M M A R Y : Birchwood Office Center - Sale | Howell, MI 48843

Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335

thomasduke.com | 3

SALE PRICE $685,000.00

LOCATION INFORMATION

Building Name Birchwood Office Center

Street Address 3469 Grand River

City, State, Zip Howell, MI 48843

County/Township Livingston County

BUILDING INFORMATION

Building Size 10,644 SF

Price / SF $64.36

Year Built 1992

Number Of Floors 1

PROPERTY DETAILS

Property Type Office

Traffic Count Grand River = 29,500

Zoning General Commercial District

APN# 4711-05-300-019

Legal Description SEC 5 T2N R5E COMM AT S 1/4 COR TH

N02*20'38"E 2671.37 FT TH N88*31'51"W

177.42 FT FOR POB TH S02*24'39"W

302.53 FT TH N88*44'39"W 201.18 FT TH

N02*36'17"E 303.30 FT TH S88*31'51"E

200.14 FT TO POB CONT. 1.39 AC M/L

SPLIT 1/91 FROM 005 CORR LEGAL 11/

01

PARKING & TRANSPORTATION

Number Of Spaces 69

UTILITIES & AMENITIES

Utilities Description City Water & Sanitary Sewer

P R O P E R T Y D E TA I L S : Birchwood Office Center - Sale | Howell, MI 48843

Location: Birchwood Office Center3469, 3471 & 3473 East Grand River Avenue, Howell

Tenant Suite Sq. ft. Base Rent CAM RentRate($/sf/yr)

Next Rent Change

Lease Begin date

Lease End date

Deposit Notes

Vacant3469 ‐ #102

3147  $           ‐    2017 rent:  $3,900/mo gross

ITK Engineering3469 ‐ #106

1847 1,439.00$      $     769.06   $     14.35  9/1/2012 11/30/2018 1,775.00$  

Vilminot Prosthetics Clinics

3469 ‐ #110

1050 1,150.00$      $        84.29   $     14.11 $1,190 ‐ base$156.77 ‐ util3/1/2019

2/15/2016 3/28/2022 1,150.00$   New 3‐yr lease

Clearpath Retirement 3471 2300 2,200.00$      $     11.48 $2,310.004/1/2019

2/15/2013 3/31/2020 2,310.00$  

Grand River Chiropractic

3473 ‐ A 1125 1,200.00$      $     12.80  ‐ 9/3/2003 500.00$     Month‐to‐Month; 15 year tenant

Hair Obsession 3473 ‐ B 700 650.00$          $     11.14  ‐ 6/1/2017 5/31/2019 ‐$            

Farmer's Insurance 3473 ‐ C 475 500.00$          $     12.63  ‐ 6/1/2006 650.00$     Month‐to‐Month; 12 year tenant

10644 7,139.00$     853.35$      6,385.00$ 

Total monthly rent: 7,992$         

Total yearly rent: 95,908$          (at current occupancy of 70.4%)

Projected yearly rent: 122,610$       (projected, at 90% occupancy)

Rent Roll

BIRCHWOOD OFFICE CENTER

3469, 3471 & 3473 E. GRAND RIVER – HOWELL

EXPENSES

Monthly Average Yearly Total Notes

Property Taxes $870 $10,438 Genoa Twp.

Insurance $286 $3,432

Janitorial $217 $2,600 3469 – common area

Trash $272 $3,264

Water/Sewer $120 $1,434 Genoa Twp. – MHOG

Elec – common $78 $936

Elec – 3469 $395 $4,740

Elec – 3473 $158 $1,898 Suites B & C

Gas – 3469 $136 $1,636

Gas – 3473 $36 $435

Lawn/Snow $328 $3,940

Repair/Maint. $125 $1,500

TOTALS:

$3,021.00

$36,253

Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335

thomasduke.com | 6

A D D I T I O N A L P H O T O S : Birchwood Office Center - Sale | Howell, MI 48843

Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335

thomasduke.com | 7

B U I L D I N G S K E T C H : Birchwood Office Center - Sale | Howell, MI 48843

Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335

thomasduke.com | 8

R E TA I L E R M A P : Birchwood Office Center - Sale | Howell, MI 48843

Thomas Duke Company | 248.476.370037000 Grand River | Farmington Hills, MI 48335

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L O C AT I O N M A P S : Birchwood Office Center - Sale | Howell, MI 48843