Michigan Innovation Headquarters Acquires Office Building For $2.6M In Ypsilanti, MI
300 West Michigan Avenue, Ypsilanti, Michigan 48197, United States
$2,600,000
Building Size
—
Asset Type
Office
Closing
Jun 20, 2022
About this deal
AI
The office property located at 300 W Michigan Ave in Ypsilanti, MI has been sold. The sale took place on June 21, 2022, and the property was purchased by Michigan Innovation Headquarters for a total price of $2,600,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,600,000
- Address: 300 W Michigan Ave, Ypsilanti, MI
- Market: Ypsilanti, MI
Michigan Innovation Headquarters, a prominent company in the industry, was the buyer in this transaction.
The office sale at 300 West Michigan Avenue, Ypsilanti, Michigan 48197, United States in Ypsilanti, Michigan sold for $2.6M in 2022. 300 West Michigan Avenue, Ypsilanti, Michigan 48197, United States is classified as Office on Traded. This page is the Ypsilanti, Michigan file for the 300 West Michigan Avenue, Ypsilanti, Michigan 48197, United States office sold: pricing, party profiles, and other closed office comps from the same Ypsilanti sit in the Market section below. Filter that Ypsilanti office set by closing date to see what else sold near 300 West Michigan Avenue, Ypsilanti, Michigan 48197, United States around 2022. Published consideration for 300 West Michigan Avenue, Ypsilanti, Michigan 48197, United States is $2.6M, dated 2022. Cite this Michigan Innovation Headquarters Acquires Office Building For $2.6M In Ypsilanti, MI sale when underwriting similar office product around Ypsilanti, Michigan.
Players
Ypsilanti Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93