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Office Medical

Hannah Technology Medical Center

4700 Hagadorn Rd, East Lansing, MI 48823

Listing Price: Request For Offer

Gross SF
190,721
Rentable SF
190,721
Occupancy
94.7%
Year Built
1985
Lot Size
10.00 acres

Investment Overview

Marcus and Millichap is pleased to exclusively offer for sale Hannah Technology Research Center in East Lansing, Michigan. The offering contains two office buildings that consist of approximately 190,001 square-feet of space. The building located at 4660 Hagadorn is approximately 127,040 square-feet, and 4700 Hagadorn consists of the remaining 62,961 square-feet. The medical office facility is occupied by various tenants, one major tenant being Michigan State University. Recently, Michigan State University Medical Group signed a brand-new lease occupying 11,700 square feet on a modified gross lease basis. Additionally, the locations include an approximately one acre of access land that can be further developed. The portfolio enjoys excellent local and regional access. A plethora of nearby amenities include government offices, hotel and convention centers, dining and shopping, and Michigan State University- one of the largest universities in the United States with more than 48,900 students and 11,400 faculty and staff. Some of the major employers in the area include the State of Michigan, Michigan State University, General Motors, Lansing School District, Meijer, and Sparrow Health System. East Lansing is also home to a number of high-tech companies, emerging in the Greater Lansing area as a vibrant high-tech hub in Michigan. Additionally, the portfolio is located within the East Lansing Submarket, which boasts of the best demographics. Numerous dense, middle to upper-middle class residential areas are located in the surrounding area.

Investment Highlights

  • Approximately 190,001 square feet of office space | 127,040 Medical office building and 62,961 SF office facility
  • Annual CPI Increases | Janitorial and utility reimbursements
  • Over$2M in capital expenditures | Parking lot, mechanical upgrades, HVAC, painting, and more

Exclusively Listed By

  • John J. Godwin

    Senior Managing Director Investments

    (248) 415-2618

    Email John

    License(s): MI: 6502339209, MI: 6506011230

    Detroit

Office Medical

Hannah Technology Medical Center

Listing Price: Request For Offer

Gross SF
190,721
Rentable SF
190,721
Occupancy
94.7%
Year Built
1985
Lot Size
10.00 acres

Investment Highlights

  • Approximately 190,001 square feet of office space | 127,040 Medical office building and 62,961 SF office facility
  • Annual CPI Increases | Janitorial and utility reimbursements
  • Over$2M in capital expenditures | Parking lot, mechanical upgrades, HVAC, painting, and more

Investment Overview

Marcus and Millichap is pleased to exclusively offer for sale Hannah Technology Research Center in East Lansing, Michigan. The offering contains two office buildings that consist of approximately 190,001 square-feet of space. The building located at 4660 Hagadorn is approximately 127,040 square-feet, and 4700 Hagadorn consists of the remaining 62,961 square-feet. The medical office facility is occupied by various tenants, one major tenant being Michigan State University. Recently, Michigan State University Medical Group signed a brand-new lease occupying 11,700 square feet on a modified gross lease basis. Additionally, the locations include an approximately one acre of access land that can be further developed. The portfolio enjoys excellent local and regional access. A plethora of nearby amenities include government offices, hotel and convention centers, dining and shopping, and Michigan State University- one of the largest universities in the United States with more than 48,900 students and 11,400 faculty and staff. Some of the major employers in the area include the State of Michigan, Michigan State University, General Motors, Lansing School District, Meijer, and Sparrow Health System. East Lansing is also home to a number of high-tech companies, emerging in the Greater Lansing area as a vibrant high-tech hub in Michigan. Additionally, the portfolio is located within the East Lansing Submarket, which boasts of the best demographics. Numerous dense, middle to upper-middle class residential areas are located in the surrounding area.

Exclusively Listed By

  • John J. Godwin

    Senior Managing Director Investments

    (248) 415-2618

    Email John

    License(s): MI: 6502339209, MI: 6506011230

    Detroit

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