Historical Office Sale Listing - Mercy Health Pavilion

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Mercy Health Pavilion

1150 E. Sherman Blvd., Muskegon, MI 49444

N/A

53,300 SF | Office

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Office Property - Off Market

Price:
N/A
Building Size:
53,300 SF
Property Type:
Office
Property Sub-type:
Medical Office
Property Use Type:
Investment
Cap Rate:
6.40%
Occupancy:
100%
No. Stories:
2
Building Class:
A
Tenancy:
Single
Year Built:
1999
Lot Size:
6.55 AC
APN / Parcel ID:
61-24-13-3300-0019-50
Listing ID
14657737
Last Updated
over 1 year ago

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

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.

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

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