5232 Morrish Rd
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5232 Morrish Rd
20,886 SF 100% Leased Office Building Swartz Creek, MI 48473 $1,173,150 CAD ($56 CAD/SF)
Investment Highlights
- High traffic road offering 10 acres with rented office building and 3 large industrial buildings.
Executive Summary
Great opportunity to own this 10 Acre property with front office building offering 3 rented offices, two 2500 Sq.ft. buildings that could be rented or used for additional storage, warehouse or fabrication shop. The back large building is around 10,000 sq.ft. currently owner occupied and being used as an automotive repair shop. The possibilities are endless on this one. Call for more details!
Additional 1.7 acres adjacent can be included at a discounted price.
Additional 1.7 acres adjacent can be included at a discounted price.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$49,486
|
$2.37
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$49,486
|
$2.37
|
| Taxes |
$29,922
|
$1.43
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$29,922
|
$1.43
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $49,486 |
| Annual Per SF | $2.37 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $49,486 |
| Annual Per SF | $2.37 |
| Taxes (CAD) | |
|---|---|
| Annual | $29,922 |
| Annual Per SF | $1.43 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $29,922 |
| Annual Per SF | $1.43 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
20,886 SF
Building Class
C
Year Built
1999
Price
$1,173,150 CAD
Price Per SF
$56 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
9,579 SF
Building FAR
0.05
Lot Size
10.00 AC
Zoning
Industrial
Parking
50 Spaces (2.61 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Yard
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 58-02-200-033 | Total Assessment | $455,340 CAD (2024) |
| Land Assessment | $0 CAD (2024) | Annual Taxes | $29,922 CAD ($1.43 CAD/SF) |
| Improvements Assessment | $0 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
58-02-200-033
Land Assessment
$0 CAD (2024)
Improvements Assessment
$0 CAD (2024)
Total Assessment
$455,340 CAD (2024)
Annual Taxes
$29,922 CAD ($1.43 CAD/SF)
Tax Year
2023
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5232 Morrish Rd
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