Retail Center - Lifestyle Center: Shelby Township, Michigan

Single Story Retail Center: Minimum Investments Starting At $150,000.00

• Property Name: Lifestyle Center
• Rentable SqFt: ± 41,622.00
• Purchase Price: $10,550,000.00
• Price per SqFt: $253.47 /sqft
• Equity: $4,477,500.00
• Loan Amount: $6,072,500.00
• Loan-to-Value: 57.56%
• Percent Occupied: 93.85%
• Type: Single story retail center

Property Description:
Lifestyle Center is an approximately 41,622 square foot retail center located in the heart of Shelby Township, one of Michigan’s fastest growing areas. Built in 2005-2006, the Property enjoys tremendous positioning in the city’s main retail corridor and is situated in the thriving Shelby Township with an average household income of more than $79,500 within a three-mile radius. Nearby, there are a number of new condominiums being constructed, as well as a large live/work development to the west of Lifestyle Center. Also in the near distance are a substantial number of high-income housing subdivisions.

Top Tenants by Total Rent:
Almost every tenant has signed a personal guaranty on their lease, with the newest tenant, Family Entertainment, having already paid two full years of rent. This is due to the ideal location and access of the property. The property is 93.85% leased.

Please contact me for a full marketing brochure and further information regarding this investment.