Detroit, MI 48205 ·
145 Beds · Health Care For Sale
Single Tenant Psychiatric
|Property Type||Health Care||Lot Size||5.54 AC|
Acute Care HospitalMore...
|Property Use Type||Investment|
|Listing ID: 15208604||Date Created: 06/22/2007||Last Updated: 06/14/2011|
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
- Master Lease possible
- Excellent for 1031 exchange - unique like kind property.
- TIC target.
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