Carman Plaza - Commercial Real Estate Services | Friedman Real Estate | Commercial Real Estate Services | Friedman Real Estate

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www.friedmanrealestate.com 248.324.2000

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    For Sale

    Carman Plaza

    3238-3288 Corunna Road
    Flint Township, Michigan 48503
    For Sale

    Carman Plaza

    3238-3288 Corunna Road
    Flint Township, Michigan 48503

    - Property Information

    eCODE 413
    County: Genesee
    Property Type: Investment Sale, Retail
    Total Building SF: ± 67,845 SF
    Available Building SF: ± 10,133 SF
    Occupancy Rate: 85%
    Min. Contiguous: ± 1,000 SF
    Max. Contiguous: ± 7,133 SF
    Sale Price: $2,860,000
    Sale Price Per SF: $42.15

    - Property Details

    Occupancy Type: Multi Tenant
    Year Built: 1975
    # Acres: 6.47
    Zoning: C-3, Highway Service
    Parking Type: Surface
    # Spaces: 531
    Completion Status: Existing

    - Additional Information

    • ±67,845 SF Kroger-anchored retail center for sale
    • ±10,133 SF available for lease
    • In-Place NOI over $245,000 at 85% occupancy
    • Tenants include Kroger (with fuel), Family Dollar, and Sylvan Learning Center
    • All tenants renewed their leases in 2016 showing their strong commitment to the property
    • Traffic counts exceed ±21,000 vehicles per day along Corunna Road and ±78,000 vehicles per day along I-75
    • Area retailers include Walmart, Sam’s Club, Home Depot, Lowe’s, Walgreens, Rite Aid, and many other national retailers
    • Sale Price: $2,860,000.00 ($42/SF, well below replacement cost)

    - For more information, contact:

    Josh Miller

    Steven Silverman

    248.324.2000 Request a call