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Office Medical

Medical Office Leaseback in Owosso Michigan

200 Health Park Dr, Owosso, MI 48867

Listing Price: $4,285,715

Cap Rate
7.00%
Gross SF
15,000
Rentable SF
15,000
Price/Gross SF
$285.71
Occupancy
100.0%
Year Built
2007
Lot Size
1.72 acres

Investment Overview

Subject is a Prime 15,000 Square-Foot Medical Office on a 1.72-Acre Lot with Ample Parking, Pylon Signage, and Easy Ingress/Egress. NN Leaseback with a 5-Year Base Term and 2.5% Annual Rental Increases, 4 x 5-Year Options.

Investment Highlights

  • Tenant Owosso Medical Group is a Well Respected Urgent Care Provider in the Memorial Healthcare System and Has Been at the Current Location Since 2006.
  • Well Established Medical Office Corridor | Nearby Services Include: Fresenius Kidney Care, Shiawassee Radiology, VG's Pharmacy, Memorial Healthcare Hospital, and Others.
  • Affluent Community with 27,317 Residents Living in 11,291 Households with an Average Income of Over $61,440 Within Five Miles of the Subject Asset, as of 2022.
  • Subject is 28 Miles from Downtown Lansing with a Population of 112,684.

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Office Medical

Medical Office Leaseback in Owosso Michigan

Listing Price: $4,285,715

Cap Rate
7.00%
Gross SF
15,000
Rentable SF
15,000
Price/Gross SF
$285.71
Occupancy
100.0%
Year Built
2007
Lot Size
1.72 acres

Investment Highlights

  • Tenant Owosso Medical Group is a Well Respected Urgent Care Provider in the Memorial Healthcare System and Has Been at the Current Location Since 2006.
  • Well Established Medical Office Corridor | Nearby Services Include: Fresenius Kidney Care, Shiawassee Radiology, VG's Pharmacy, Memorial Healthcare Hospital, and Others.
  • Affluent Community with 27,317 Residents Living in 11,291 Households with an Average Income of Over $61,440 Within Five Miles of the Subject Asset, as of 2022.
  • Subject is 28 Miles from Downtown Lansing with a Population of 112,684.

Investment Overview

Subject is a Prime 15,000 Square-Foot Medical Office on a 1.72-Acre Lot with Ample Parking, Pylon Signage, and Easy Ingress/Egress. NN Leaseback with a 5-Year Base Term and 2.5% Annual Rental Increases, 4 x 5-Year Options.

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

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