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Office

Jolly Road Professional Campus

2525 Jolly Rd, Okemos, MI 48864

Listing Price: $3,399,000

Cap Rate
8.50%
Gross SF
29,226
Rentable SF
29,226
Price/Gross SF
$116.30
Lot Size
2.59 acres
Year Built
1999

Investment Overview

Marcus & Millichap is pleased to exclusively offer a rare opportunity to acquire a two-building portfolio in the highly desirable Okemos submarket of Greater Lansing, Michigan. Strategically located along Jolly Road with excellent visibility and convenient access to I-96, US-127, and the major East Lansing/Okemos retail corridor, the properties offer stable tenancy, strong demographics, and long-term growth potential. With proximity to Michigan State University, downtown Lansing, and the region’s leading healthcare and technology employers, this portfolio is well-positioned to deliver reliable cash flow and value appreciation.
These buildings collectively provide an attractive mix of medical and office space, appealing to a wide range of professional, medical, and service-oriented tenants. The Okemos market benefits from one of the highest household incomes in the Lansing MSA, strong population density, and consistent demand from both regional and national tenants. This portfolio provides investors the ability to acquire immediate in-place income and long-term tenancy.

A key anchor within the portfolio is Memorial Healthcare’s nationally recognized Neuroscience Center, which has demonstrated its long-term commitment to the location by completing three major build-outs and renovations within the building. Their investment in these facilities underscores both the quality of the asset and the strategic value of this corridor for attracting and retaining top-tier healthcare providers. With a mix of professional office, medical, and flex tenants, this portfolio delivers immediate cash flow with further upside through lease-up and continued rent growth in one of Lansing’s most supply-constrained and demographically strong markets.

Investment Highlights

  • Two-Building Offering Totaling Approximately 29,000 Square Feet Along Jolly Road in Okemos, Michigan | Premier Tenancy | New Parking Lot and Roofs
  • Home to Memorial Healthcare's Neuroscience Center, a Leading Regional Medical Provider that has Invested in Three Custom Buildouts/Renovations, Reflecting Deep Commitment and Stability
  • The Addition of the Brand-New 24,000-Square-Foot U of M Health-Sparrow Facility in Okemos Represents a Major Boost to the Local Healthcare and Market
  • Regional Growth Drivers - Supported by MSU, U of M Health-Sparrow, Jackson National Life, and a Growing Healthcare and Technology Employment Base
  • Strong Demographics - Okemos Ranks Among the Lansing Area's Wealthiest Communities with High Household Incomes, Educated Workforce, and Robust Housing

Exclusively Listed By

Office

Jolly Road Professional Campus

Listing Price: $3,399,000

Cap Rate
8.50%
Gross SF
29,226
Rentable SF
29,226
Price/Gross SF
$116.30
Lot Size
2.59 acres
Year Built
1999

Investment Highlights

  • Two-Building Offering Totaling Approximately 29,000 Square Feet Along Jolly Road in Okemos, Michigan | Premier Tenancy | New Parking Lot and Roofs
  • Home to Memorial Healthcare's Neuroscience Center, a Leading Regional Medical Provider that has Invested in Three Custom Buildouts/Renovations, Reflecting Deep Commitment and Stability
  • The Addition of the Brand-New 24,000-Square-Foot U of M Health-Sparrow Facility in Okemos Represents a Major Boost to the Local Healthcare and Market
  • Regional Growth Drivers - Supported by MSU, U of M Health-Sparrow, Jackson National Life, and a Growing Healthcare and Technology Employment Base
  • Strong Demographics - Okemos Ranks Among the Lansing Area's Wealthiest Communities with High Household Incomes, Educated Workforce, and Robust Housing

Investment Overview

Marcus & Millichap is pleased to exclusively offer a rare opportunity to acquire a two-building portfolio in the highly desirable Okemos submarket of Greater Lansing, Michigan. Strategically located along Jolly Road with excellent visibility and convenient access to I-96, US-127, and the major East Lansing/Okemos retail corridor, the properties offer stable tenancy, strong demographics, and long-term growth potential. With proximity to Michigan State University, downtown Lansing, and the region’s leading healthcare and technology employers, this portfolio is well-positioned to deliver reliable cash flow and value appreciation. These buildings collectively provide an attractive mix of medical and office space, appealing to a wide range of professional, medical, and service-oriented tenants. The Okemos market benefits from one of the highest household incomes in the Lansing MSA, strong population density, and consistent demand from both regional and national tenants. This portfolio provides investors the ability to acquire immediate in-place income and long-term tenancy. A key anchor within the portfolio is Memorial Healthcare’s nationally recognized Neuroscience Center, which has demonstrated its long-term commitment to the location by completing three major build-outs and renovations within the building. Their investment in these facilities underscores both the quality of the asset and the strategic value of this corridor for attracting and retaining top-tier healthcare providers. With a mix of professional office, medical, and flex tenants, this portfolio delivers immediate cash flow with further upside through lease-up and continued rent growth in one of Lansing’s most supply-constrained and demographically strong markets.

Exclusively Listed By

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