Historical Health Care Sale Listing - Single Tenant Psychiatric

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Single Tenant Psychiatric

15000 Gratiot, Detroit, MI 48205

N/A

145 Beds | Health Care

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Health Care Property - Off Market

Price:
N/A
No. Beds:
145
Property Type:
Health Care
Property Sub-type:
Acute Care Hospital
Additional Sub-types:
Medical Office
Property Use Type:
Investment
Cap Rate:
9%
Tenancy:
Single
Lot Size:
5.54 AC
Zoning Description:
Commercial
Listing ID
15208604
Last Updated
over 1 year ago

Highlights

  • Master Lease possible
  • Excellent for 1031 exchange - unique like kind property.
  • TIC target.

Description

Strong tenant, Stabilized asset in a weak Detroit market is a jewel. JCAHO accredited psychiatric hospital - brand name - credit tenant. New Triple Net fifteen year lease with options. + 5 healthcare tenants. Completely renovated, ready for value appreciation. Very little direct competition to tenant business - CON is an effective barrier to entry. Application for additional 41 beds CON is in process.

Gratiot Ave south of 8 Mile Road

Map of 15000 Gratiot, Detroit, MI 48205

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Created 6/22/2007