Red Run Plaza

Shopping Center for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 29928631
Property Subtypes: Strip Center, Other
Building Size (RSF): 28,210 SF
Gross Building Area: See Agent
Sale Price: $2,536,541
Unit Price: $89.92 PSF
Property Use Type: Investment
Building Name: Red Run Plaza
Sale Terms: Other
Cap Rate: 7.0%
Last Updated: 9/25/2017

Overview / Comments

Red Run Plaza is a multi-tenant retail investment asset with 28,210 square feet
of rentable area. The property is located near the intersection of 15 Mile and
Schoenherr creating significant visibility to the tenants. The asset has a healthy mix of local tenants attracting consumers from the Macomb County area. Economically, the asset is 84% occupied and yielding cash flow of approximately $177,558 per year.

Additional Details

Nearest MSA: Detroit-Warren-Dearborn
County: Macomb
Submarket/Township: Macomb West
Tax ID/APN: 10-35-226-013
Zoning: COMMERCIAL
Property Located Between: Schoenherr Road
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 28,210 SF
Year Built: 1986
Parking Type: Surface
Parking Description: Ample Parking

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,218 117,483 382,765
Median Age: 43.92 43.09 41.42
Households: 6,424 48,879 155,725
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