158, 195 & 196 Cesar E Chavez Ave

Overview

Stable Income: The property offers stable income with the OLHSA lease expiring on March 31, 2028 and the PAE lease expiring on June 30, 2029. Furthermore, the buyer will have the ability to assume CMBS debt from the Seller which has a monthly payment of $99,492.69 at a interest rate of 5.65% with a loan maturity of August of 2028. The current loan balance is $10,455,070 as of December 31, 2024.Redevelopment Opportunity: New ownership presents an opportunity to create a new market position for the property through a capital improvement and redevelopment program. This would build on other nearby successful repositioned properties in Pontiac with the cities incentive programs bringing new infrastructure, living spaces, and new business to the community. Pontiac, strategically located in Oakland County approximately 20 miles north of Detroit, presents a dynamic environment for business growth and investment. The city is leveraging its rich historical background and evolving cultural scene as it undergoes significant economic revitalization. Central to this transformation is the enhancement of the downtown area, introducing new dining, shopping, and entertainment options designed to invigorate the local economy and enrich community life.