This Health Care Property is Off-Market.

15000 Gratiot
Detroit, MI 48205 ·

145 Beds · Health Care For Sale

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Single Tenant Psychiatric

Price N/A Cap Rate 9%
No. Beds 145 Tenancy Single
Property Type Health Care Lot Size 5.54 AC
Property Sub-type
Acute Care Hospital
More...
  • Medical Office
Zoning Description Commercial
Property Use Type Investment
Listing ID: 15208604 Date Created: 06/22/2007 Last Updated: 06/14/2011

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

Highlights

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

Research

15000 Gratiot, Detroit, MI 48205 (Wayne County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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