This Office Property is Off-Market.

1150 E. Sherman Blvd.
Muskegon, MI 49444 ·

53,300 SF · Office For Sale

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Mercy Health Pavilion

Price N/A No. Stories 2
Building Size 53,300 SF Building Class A
Property Type Office Tenancy Single
Property Sub-type Medical Office Year Built 1999
Property Use Type Investment Lot Size 6.55 AC
Cap Rate 6.40% APN / Parcel ID 61-24-13-3300-0019-50
Occupancy 100%
Listing ID: 14657737 Date Created: 06/12/2006 Last Updated: 10/26/2006

Description

Single tenant, absolute net medical office building constructed in 1999 and is master-leased through September of 2013 by Trinity Health. The two-story building totals 53,330 square feet and sits on a 6.55 acre site. The building can be expanded an additional 12,000 square feet. There are subtenants in the building providing medical services.

Hospital performs all maintenance on building with expenses either borne by hospital or passed through as CAM.

There are 313 parking spaces in the well-lit parking lot.

Contact agent for financial information regarding the property.

US-31 to Sherman Boulevard, east 1/2 mile to property. Located on the corner of Sherman Blvd. and Roberts St. near the Mercy Hospital campus.

Highlights

  • Absolute net lease
  • Master leased through Sept. of 2013 with renewal options
  • Hospital is master tenant
  • Carefree ownership
  • Quality investment opportunity
  • Convenient location - near hospital campus

Research

1150 E. Sherman Blvd., Muskegon, MI 49444 (Muskegon County)

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