Michigan Medical Office Building
Outstanding Medical Building.
Medical office has been the most stable investment category even thru covid.
This is well located, and a nice building. Most of the tenants have been practicing here 20+ years and their practices sold to younger (2nd generation doctors) so this property has enjoyed a great historical occupancy.
Beautiful 2 building office plaza that is 97.81% occupied
Most of the tenants have occupied the building for over 20 years
First class medical space in an outstanding location
Premium finishes throughout
Well maintained property
Outstanding historical occupancy track record
Free parking surrounds the entire building
Concrete parking lot
Outstanding investment opportunity. 7% CAP fully underwritten
Original Construction: 1988
Approximate Lot Dimensions 255’ X 516’ (3.03 Acres)
6 Tenants provided TI allowance at last lease renewal
The total Landlord obligation for TI’s not yet complete is $132,616
Total 2020 Property taxes $68,949.66
26,801 Sq. Ft.
Excellent tenant mix Neighboring Kroger Grocery store provides visibility and pharmacy services
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