For Auction

Lansing Towne Center

5415-5503 West Saginaw Highway,
Lansing, MI 48917Represented by
NAI Farbman

Asset Snapshot

Real Estate
Asset Type
Retail
Property Type
Neighborhood Center
Retail Subtype
1987
Year Built
1
Floor Count
3
Building Count
639
Parking Spots
12.12 Acres
Land Area
84%
Occupancy
Occupancy As Of
No
Anchor
111,715 SF
Property Size

Offering Summary

Investment Highlights

  • Strong in-place NOI of +/-$872,195 with National Anchor Tenants 
  • 84% occupied center with diverse tenant roster and historical tenant longevity (see rent roll/leases for details)
  • Leasing Upside available through vacancies
  • Located in strong retail corridor with surrounding retailers including Meijer, Target, Walmart, Lowes and Lansing Mall
  • Situated in a high-density market with a strong consumer base given proximity to Michigan State University and its location in Lansing (the capital of Michigan)


Offering Details

NAI Farbman and RealINSIGHT Marketplace are pleased to present Lansing Towne Center (the "Property") a +/-111,715 square foot retail center in Lansing, Michigan. The 84% occupied center enjoys a great mix of both national and local tenants and benefits from strong shadow anchors including Target, Meijer, Walmart, Lowes, and many others. The Property is located in the heart of the greater Lansing Area, providing unparalleled demographics due to its proximity to Michigan State University and the State Capital. Lansing Towne Center provides investors with a stable, cashing flowing property in a tried and true location.

Due Diligence

Transaction Manager

Damian Smoter
Marketplace
(800) 915-7015dsmoter@realinsight.com

Platform Fee

Buyer pays a minimum platform fee of 5% or $25,000 at closing.

How it Works

Learn about bidding, reserve prices, and closing.

Read the auction guide

Auctioneer

Jerry Helmer
c/o Fisher Auction Company Inc.
License: 6504064915

Need Help?

Your transaction managers are your first point of contact for any auction or process questions. For additional support:

info@rimarketplace.com800-915-7015

Closed

This asset was part of the June 30th 2021 auction event, resulting in a successful transaction that closed in just 60 days.
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Investment Sales Brokers

Alis Babi CCIM
NAI Farbman
MI License: 6501414308
(248) 351-4370babi@farbman.com
Mario Giglio
NAI Farbman
MI License: 6505136668
(248) 302-0127giglio@farbman.com
Bill Bubniak
NAI Farbman
MI License: 6502107114
(248) 470-8720bubniak@farbman.com

Disclaimers

The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.