Office Warehouse
MDHHS Bureau of Emergency Mgmt and Preparedness, EMS and Systems of Care | 2 Building Portfolio
1001 & 914 Terminal Rd, Lansing, MI 48906
Listing Price: $5,300,000
Investment Overview
Marcus & Millichap is pleased to exclusively represent 1001 & 914 Terminal Rd, a two-building, single tenant state-leased office/warehouse portfolio situated in the Lansing–East Lansing MSA (Population: 541,297; Rank: 106th). The subject property, originally constructed in 1960 and subsequently renovated in 2000/2006, offers a combination of 64 percent office and 36 percent warehouse space, totaling 40,654 square feet on 2.27 acres.
The subject property (comprised of five parcels) is leased to the Michigan Department of Health & Human Services (MDHHS) Bureau of Emergency Preparedness, EMS, and Systems of Care and has been a long-term tenant since December 1, 2006. This mission-critical facility plays a pivotal role in providing support and resources for state emergency response and recovery activities, including EMT training, the storage of vaccines and other essential supplies to better protect the health and well-being of Michigan citizens before, during, and after an emergency. MDHHS has reaffirmed their commitment to the site with a recent 10-year lease renewal (approximately 8 years, 10 months remaining and one additional 10 year option) and investing $200,000 in tenant improvements for new workstations, highlighting their dedication to the property.
MDHHS Bureau of Emergency Mgmt and Preparedness, EMS and Systems of Care | 2 Building Portfolio
Investment Highlights
- Mission-Critical Two-Building Portfolio | Leased to MDHHS Dept. of Emergency Management and Preparedness, EMS, and Systems of Care | State of Michigan (AA+ Fitch) | Long-Term Tenant Since 2006
- Recent 10-Year Lease Renewal (1001 Terminal Rd) | Approx. Eight Years, 10 Months Remaining | Tenant Invested Over $200,000 in New Workstations Upon Renewal
- Strategically Positioned Within a Cluster of State of Michigan Government Buildings, Providing Direct Access to MDHHS Bureau of Laboratories and EGLE | Supports Essential State Functions
- Adjacent to Capital Region International (LAN) Airport, Connecting Passengers to Chicago-O'Hare, Washington-National, Orlando, and Detroit | ~63.5 Million Pounds of Cargo Moved Through LAN Annually
- Located Off Martin Luther King Jr. Blvd (10,245 Vehicles Per Day) with Direct Access to I-96 Business Loop (25,401 Vehicles Per Day) | Five Minutes from I-96 Business Loop (16,871 Vehicles Per Day) | 10 Minutes from I-96 (54,827 Vehicles Per Day) and I-496 (49,941 Vehicles Per Day) | 90-Minute Drive from Detroit | Within Four Hours of Major Cities, Including Chicago, Indianapolis, and Cleveland
- LL Cap Ex ~$275,000 Over Last Three Years | New Duro-Last Roof with 15-Year Warranty on 1001 | Freshly Painted Interior and New Carpeting | Replaced Elevator Motor for Improved Efficiency and Safety | Parking Lot Resurfacing | Six New HVAC Units Installed Between June 2016 and October 2023 | New Toilets
- Lansing–East Lansing MSA (Population: 541,297; Rank: 106th) | AHHI: $76,704 (10-Mile Radius)
Exclusively Listed By
Broker of Record
-
Steven Chaben
Senior Vice President / Regional Manager
Financing By
Office Warehouse
MDHHS Bureau of Emergency Mgmt and Preparedness, EMS and Systems of Care | 2 Building Portfolio
Listing Price: $5,300,000
Investment Highlights
- Mission-Critical Two-Building Portfolio | Leased to MDHHS Dept. of Emergency Management and Preparedness, EMS, and Systems of Care | State of Michigan (AA+ Fitch) | Long-Term Tenant Since 2006
- Recent 10-Year Lease Renewal (1001 Terminal Rd) | Approx. Eight Years, 10 Months Remaining | Tenant Invested Over $200,000 in New Workstations Upon Renewal
- Strategically Positioned Within a Cluster of State of Michigan Government Buildings, Providing Direct Access to MDHHS Bureau of Laboratories and EGLE | Supports Essential State Functions
- Adjacent to Capital Region International (LAN) Airport, Connecting Passengers to Chicago-O'Hare, Washington-National, Orlando, and Detroit | ~63.5 Million Pounds of Cargo Moved Through LAN Annually
- Located Off Martin Luther King Jr. Blvd (10,245 Vehicles Per Day) with Direct Access to I-96 Business Loop (25,401 Vehicles Per Day) | Five Minutes from I-96 Business Loop (16,871 Vehicles Per Day) | 10 Minutes from I-96 (54,827 Vehicles Per Day) and I-496 (49,941 Vehicles Per Day) | 90-Minute Drive from Detroit | Within Four Hours of Major Cities, Including Chicago, Indianapolis, and Cleveland
- LL Cap Ex ~$275,000 Over Last Three Years | New Duro-Last Roof with 15-Year Warranty on 1001 | Freshly Painted Interior and New Carpeting | Replaced Elevator Motor for Improved Efficiency and Safety | Parking Lot Resurfacing | Six New HVAC Units Installed Between June 2016 and October 2023 | New Toilets
- Lansing–East Lansing MSA (Population: 541,297; Rank: 106th) | AHHI: $76,704 (10-Mile Radius)
Investment Overview
Marcus & Millichap is pleased to exclusively represent 1001 & 914 Terminal Rd, a two-building, single tenant state-leased office/warehouse portfolio situated in the Lansing–East Lansing MSA (Population: 541,297; Rank: 106th). The subject property, originally constructed in 1960 and subsequently renovated in 2000/2006, offers a combination of 64 percent office and 36 percent warehouse space, totaling 40,654 square feet on 2.27 acres. The subject property (comprised of five parcels) is leased to the Michigan Department of Health & Human Services (MDHHS) Bureau of Emergency Preparedness, EMS, and Systems of Care and has been a long-term tenant since December 1, 2006. This mission-critical facility plays a pivotal role in providing support and resources for state emergency response and recovery activities, including EMT training, the storage of vaccines and other essential supplies to better protect the health and well-being of Michigan citizens before, during, and after an emergency. MDHHS has reaffirmed their commitment to the site with a recent 10-year lease renewal (approximately 8 years, 10 months remaining and one additional 10 year option) and investing $200,000 in tenant improvements for new workstations, highlighting their dedication to the property.
Exclusively Listed By
Broker of Record
-
Steven Chaben
Senior Vice President / Regional Manager
Financing By
