Office Medical
Great Lakes Bay Surgery & Endoscopy Center
4228 Bay City Rd, Midland, MI 48642
Listing Price: $10,140,850
Investment Overview
Marcus & Millichap is pleased to present Great Lakes Bay Surgery & Endoscopy Center, a 23,724 square-foot medical office property in Midland, Michigan. The property is situated on 2.99 acres with ample parking. The building is 100 percent leased with all three tenants operating on triple-net leases. The tenants are Great Lakes Bay Surgery & Endoscopy Center, Gastroenterology & Hepatology Associates, and Liv1 Health & Wellness. Great Lakes Bay Surgery & Endoscopy Center’s lease is guaranteed through MidMichigan Medical Center - Midland.
This outpatient medical center features a variety of services including gastroenterology, hand surgery, orthopedic surgery, physical medicine and rehabilitation, ophthalmology, podiatry, hepatology, weight loss, hair loss, among others.
The asset features excellent visibility on Bay City Road, which experiences over 8,600 vehicles per day. Great Lakes Bay Surgery & Endoscopy Center is situated within close proximity to US Highway 10, Business Route 10, M-20 and Saginaw Road.
The property is positioned next to a Costco and two miles from Dow and DuPont, major employers in the area. Six miles away is MyMichigan Medical Center - Midland, a 324-bed non-profit hospital part of the U of M Health Network. Also close by is Northwood University (2,422 students) and Dow Gardens, a 110-acre botanical garden with trails and bridges. There are major retailers to the north including Midland Mall, Meijer, Walmart, Kohl’s, Home Depot, and many others.
Midland is located within Michigan’s Great Lakes Bay Region, and is home to Dow Chemical Company, a Fortune 500 company with world headquarters and major manufacturing plants in the community. The area hosts a population of 41,770 residents and an average household income of $93,000 within a five-mile radius of the asset. The area has a strong daytime population of 54,823.
Great Lakes Bay Surgery & Endoscopy Center offers an investor the opportunity to acquire a stabilized asset situated in an core market.
Great Lakes Bay Surgery & Endoscopy Center
Investment Highlights
- Triple-Net leases | Weighted Average Lease Term Remaining 10.1 Years | Certificate of Need (CON) Attached to the Property
- Great Lakes Bay Surgery & Endoscopy Center (GLBSEC) Offers 49 specialties & has 20 Staffed Physicians | ASC has Three OR's & Active Space for a Fourth Room | 23 Pre & Post-OP Rooms
- GLBSEC is a Wholly Owned Subsidiary of MyMichigan Medical Center Midland, Part of the University of Michigan Health Network
- Gastroenterology & Hepatology Associates of Mid-Michigan has Four Staffed Gastroenterologists Affiliated with MyMichigan Health
- Liv1 Health & Wellness has Three Specialists & Offers Five Services
- Population of 41,770 People & an Average Household Income at Nearly $93,000 within a Five-Mile Radius
- Strategically Located within 5.8 Miles of MyMichigan Medical Center Midland (324 Beds, 4,000+ Employees, Volunteers & Physicians)
- Easily Accessible Given Close Proximity to US Hwy 10, Business Route 10, M-20 & Saginaw Road
Exclusively Listed By
Listing Price: $10,140,850
Investment Highlights
- Triple-Net leases | Weighted Average Lease Term Remaining 10.1 Years | Certificate of Need (CON) Attached to the Property
- Great Lakes Bay Surgery & Endoscopy Center (GLBSEC) Offers 49 specialties & has 20 Staffed Physicians | ASC has Three OR's & Active Space for a Fourth Room | 23 Pre & Post-OP Rooms
- GLBSEC is a Wholly Owned Subsidiary of MyMichigan Medical Center Midland, Part of the University of Michigan Health Network
- Gastroenterology & Hepatology Associates of Mid-Michigan has Four Staffed Gastroenterologists Affiliated with MyMichigan Health
- Liv1 Health & Wellness has Three Specialists & Offers Five Services
- Population of 41,770 People & an Average Household Income at Nearly $93,000 within a Five-Mile Radius
- Strategically Located within 5.8 Miles of MyMichigan Medical Center Midland (324 Beds, 4,000+ Employees, Volunteers & Physicians)
- Easily Accessible Given Close Proximity to US Hwy 10, Business Route 10, M-20 & Saginaw Road
Investment Overview
Marcus & Millichap is pleased to present Great Lakes Bay Surgery & Endoscopy Center, a 23,724 square-foot medical office property in Midland, Michigan. The property is situated on 2.99 acres with ample parking. The building is 100 percent leased with all three tenants operating on triple-net leases. The tenants are Great Lakes Bay Surgery & Endoscopy Center, Gastroenterology & Hepatology Associates, and Liv1 Health & Wellness. Great Lakes Bay Surgery & Endoscopy Center’s lease is guaranteed through MidMichigan Medical Center - Midland. This outpatient medical center features a variety of services including gastroenterology, hand surgery, orthopedic surgery, physical medicine and rehabilitation, ophthalmology, podiatry, hepatology, weight loss, hair loss, among others. The asset features excellent visibility on Bay City Road, which experiences over 8,600 vehicles per day. Great Lakes Bay Surgery & Endoscopy Center is situated within close proximity to US Highway 10, Business Route 10, M-20 and Saginaw Road. The property is positioned next to a Costco and two miles from Dow and DuPont, major employers in the area. Six miles away is MyMichigan Medical Center - Midland, a 324-bed non-profit hospital part of the U of M Health Network. Also close by is Northwood University (2,422 students) and Dow Gardens, a 110-acre botanical garden with trails and bridges. There are major retailers to the north including Midland Mall, Meijer, Walmart, Kohl’s, Home Depot, and many others. Midland is located within Michigan’s Great Lakes Bay Region, and is home to Dow Chemical Company, a Fortune 500 company with world headquarters and major manufacturing plants in the community. The area hosts a population of 41,770 residents and an average household income of $93,000 within a five-mile radius of the asset. The area has a strong daytime population of 54,823. Great Lakes Bay Surgery & Endoscopy Center offers an investor the opportunity to acquire a stabilized asset situated in an core market.
Exclusively Listed By
