Michigan Medical Office Building, Great Lakes - Big Rivers Region

Property Description

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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Medical - Healthcare For Sale

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