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Single-Tenant Office

Change Healthcare

44000 Garfield Rd, Clinton Township, MI 48038

Listing Price: $8,055,000

Cap Rate
9.00%
Gross SF
63,500
Rentable SF
63,500
Price/Gross SF
$126.85
Lot Size
4.81 acres
Year Built
1987

Investment Overview

Marcus & Millichap is pleased to present 44000 Garfield Road in Clinton Township, Michigan. The subject is approximately 63,500 square feet of space and is leased by the tenant, Change Healthcare. The tenant has occupied the building since 1995 and just renewed their lease an additional three years with annual increases. The tenant has occupied the facility for 30 years, with plans to continue. Additionally, current ownership is in the process of extensive maintenance; including updating the bathrooms, roof, and parking lot. The location in Clinton Township provides an ideal business setting within a populated community.

The Charter Township of Clinton is the most populous township in the state of Michigan. With more than 100,000 residents, Clinton Township is Michigans tenth largest municipality. Despite its size, Clinton Township offers residents a wealth of tight-knit residential neighborhoods with all the amenities that families require.
Clinton Township is literally at the center of Macomb County, which makes it as unique as the three branches of the Clinton River that run through it. Near the Civic Center, there is a 24-acre arboretum that offers residents a chance to enjoy the beauty of trees and plants that are native to Michigan.

Investment Highlights

  • Lease Renewal with Annual Increases
  • Long Standing Tenancy| Been in the Building 30 Years
  • New Roof } Updated Bathroom Facilities | Restored Parking Lot
  • Upwards of $275,000 in Improvements and Deferred Maintenance to be Completed by June

Exclusively Listed By

Listing Price: $8,055,000

Cap Rate
9.00%
Gross SF
63,500
Rentable SF
63,500
Price/Gross SF
$126.85
Lot Size
4.81 acres
Year Built
1987

Investment Highlights

  • Lease Renewal with Annual Increases
  • Long Standing Tenancy| Been in the Building 30 Years
  • New Roof } Updated Bathroom Facilities | Restored Parking Lot
  • Upwards of $275,000 in Improvements and Deferred Maintenance to be Completed by June

Investment Overview

Marcus & Millichap is pleased to present 44000 Garfield Road in Clinton Township, Michigan. The subject is approximately 63,500 square feet of space and is leased by the tenant, Change Healthcare. The tenant has occupied the building since 1995 and just renewed their lease an additional three years with annual increases. The tenant has occupied the facility for 30 years, with plans to continue. Additionally, current ownership is in the process of extensive maintenance; including updating the bathrooms, roof, and parking lot. The location in Clinton Township provides an ideal business setting within a populated community.

The Charter Township of Clinton is the most populous township in the state of Michigan. With more than 100,000 residents, Clinton Township is Michigans tenth largest municipality. Despite its size, Clinton Township offers residents a wealth of tight-knit residential neighborhoods with all the amenities that families require.
Clinton Township is literally at the center of Macomb County, which makes it as unique as the three branches of the Clinton River that run through it. Near the Civic Center, there is a 24-acre arboretum that offers residents a chance to enjoy the beauty of trees and plants that are native to Michigan.

Exclusively Listed By

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