905 E Colby St - Medical FOR SALE


Whitehall, MI 49461
$2,695,000 USD
616-776-0100
905 E Colby St, Whitehall, MI for Sale
$2,695,000 USD
Medical - FOR SALE
1/2
null | Request Cap Rate

905 E Colby St
Whitehall, MI 49461


HIGHLIGHTS

  • Rare opportunity to acquire a long-term credit tenant in a stand-alone facility
  • Excellent location in the center of town
  • The building has been well maintained
  • Good location; less than 1 mile to US-31

OVERVIEW

The property located at 905 E Colby Street is presently occupied by Trinity Health as a Tenant under a long term Lease Agreement. The original Lease was executed on September 1, 2008. The Tenant has exercised multiple options to renew the lease and is presently in its first of three additional 5-year renewal periods. There currently remains 4.5 years of the lease term under the first option. The Tenant has two additional periods (of 5 years) to further extend the lease term under previously negotiated renewal terms. The facility currently houses Trinity Health Medical Group, Primary Care, Urgent Care and Health labs. The facility has been well maintained and is easy to access given its location in the center of the Whitehall Community.

FOR SALE DETAILS

PRICE

$2,695,000 USD

PRICE/SF

$170 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

72

LAND DETAILS

LAND ACRES

2.1 AC

LAND SF

91,476 SF

ZONING

B-1

APN/PARCEL ID

22-270-000-0013-00,22-270-000-0013-10

ASK ABOUT THIS PROPERTY

Stuart KingmaNAI Wisinski of West MichiganMore Info
616-776-0100

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Stuart KingmaNAI Wisinski of West MichiganMore Info
616-776-0100

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