2775 Blake Rd - Medical FOR SALE


Jackson, MI 49201
$4,710,000 USD
720-604-2220
2775 Blake Rd, Jackson, MI for Sale
$4,710,000 USD
Medical - FOR SALE
1/3
null | 6.7% Cap Rate

2775 Blake Rd
Jackson, MI 49201


HIGHLIGHTS

  • Long-term lease with over 8 years remaining
  • Absolute triple net lease with no landlord responsibilities
  • 2% annual rental increases
  • Highly profitable facility (contact broker for details)
  • State-of-the-art outpatient facility features three surgical suites, procedure room, and private recovery areas
  • Michigan is a certificate of need state limiting new competition from entering the market

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant Blake Woods Surgery Center in Jackson, MI. The state-of-the-art outpatient facility features three surgical suites, a procedure room, and private recovery areas. The highly profitable facility provides various specialties including ophthalmology and oculoplastics. Michigan is a certificate of need state that is highly regulated by the Michigan Department of Health and Human Services, which provides a competitive advantage to existing surgery centers by limiting new market entrants and holding existing providers to top standards. There are currently twelve physicians practicing at the Blake Woods Surgery Center, which has successfully operated at this location since 1997. The property features an absolute triple net lease with over eight years remaining. The lease has 2% annual rental increases and no landlord responsibilities. The lease is corporately guaranteed by Midwest Vision Partners Management, which operates over 70 locations throughout Michigan, Ohio, Pennsylvania, West Virginia, and Illinois. The 10,668 SF property is strategically located along Interstate 94 with excellent visibility. There are approximately 75,000 people that live within five miles of the property. The high-end constructed property is positioned on over ten acres.

FOR SALE DETAILS

PRICE

$4,710,000 USD

PRICE/SF

$742 USD /SF

CAP RATE

6.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Blake Woods Medical Park

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

10.1 AC

LAND SF

439,956 SF

ZONING

Commercial

APN/PARCEL ID

000-08-25-201-002-01

ASK ABOUT THIS PROPERTY

Zach WrightThe Boulder GroupMore Info
720-604-2220

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Zach WrightThe Boulder GroupMore Info
720-604-2220

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.