1571-1583 Capitol Ave., Battle Creek, MI

The Capitol Square Shopping Center was purchased at 42% vacancy, but with a huge upside for the buyer. 44,568 SF gross lease on a 3.62 acre. This was a bank owned asset, and the buyer purchased at an astounding 16% CAP rate.

Date

July 22, 2013

Features
  • The Capitol Square Shopping Center.
  • 44,568 SF gross lease.
  • Buyer purchased at 16% CAP rate.