facebook
Traded Co logo
Submit

Marcus & Millichap Brokers Sell Lansing, Mich Retail Property For $6.2M

Property Image
SOLD
$6,200,000

Michigan

See Similar Deals
Retail14,559 SF
Sold 11/08/2021
the dealplayerscompscontact
Property Image
SOLD

Marcus & Millichap Brokers Sell Lansing, Mich Retail Property For $6.2M

6421 West Saginaw Highway

See Similar Deals
Retail14,559 SF
Sold 11/08/2021
Contact now

Summary

MICHIGAN
Asset Type:Retail
Price Per Square Foot:$425
Total Square Footage:14,559 SF
Transaction Type:Sale

The retail property located at 6421 W. Saginaw Highway in Lansing, Michigan has been sold for a total of $6,200,000. The property spans a total of 14,559 square feet, resulting in a price per square foot of $426. This transaction took place on 11/08/2021 and involved multiple brokers from Marcus & Millichap, namely James Ziegler, Keith Zelenika, and Mitchell Kiven.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $6,200,000
  • Address: 6421 W. Saginaw Highway, Lansing, MI
  • Market: Lansing, Michigan
  • Square Footage: 14,559
  • Price per Square Foot: $426

James Ziegler, Keith Zelenika, and Mitchell Kiven from Marcus & Millichap were the brokers involved in this deal. Their expertise and representation played a crucial role in facilitating the transaction of this retail property in Lansing, Michigan.

Players

Mitchell Kiven
27 deals$106.5M volume
BROKER

James Ziegler
Marcus & Millichap
14 deals$69.4M volume
BROKER

Details

SOLD
IMAGE: Keith Zelenika, Mitchell Kiven & James Ziegler DATE: 11/08/2021 ADDRESS: 6421 W. Saginaw Highway MARKET: Lansing, Mich ASSET TYPE: Retail BROKERS: James Ziegler, Keith Zelenika & Mitchell Kiven - Marcus & Millichap SALE PRICE: $6,200,000 SF: 14,559 ~ PPSF: $426

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$330,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,027.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,391.16
Annual Debt Service$352,693.96