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Investment Highlights
- Offers a combined total of 3,952 square feet of living space on a 0.88-acre lot
- Situated on Highland Road, providing excellent visibility and accessibility
- Built in 2005, featuring contemporary design and amenities
Executive Summary
Excellent Investment Opportunity with Minimal Management Required. Three Medical Office Condominiums Units with excellent leases from secure tenants. Detroit Medical Center & Mercy Healthcare Plus. # out of 4 Condominium units are included in this offering. Fourth unit is occupied by Advance Physical Therapy offering a nice supportive mix of Tenancy. All leases are Triple Net, please contact listing office for details, a confidentiality letter is required. The Building is part of a 3 Building Medical Complex, less than 1 mile East of US-23 on M-59(Highland Rd.) An area of rapid growth and development.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| Sale Type | Investment |
Sale Notes
This offering consists of 3 separate office condos. 2 of the units are currently leased to Detroit Medical Centers and these 2 units are presently being used by the tenants as combined units. The third is 2000 sq.ft. and is not built out and consists of one large room with many windows. Each condominium unit is being offered separately. There is a fourth unit in the building owned by and utilized by Advance Physical Therapy. This is all Class A space and an all brick building in the all Medical Hartland Millennium Center located 1/2 mile east of US-23 on the south side of M-59. Floor plan and utility location available on Realcomp. Confidentially agreement is necessary for prospects and agents to sign prior to release of income details.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 11174 | 1,900 SF | Medical | $1,620,000 ($852.63/SF) | - |
Unit 11174
| Unit Size |
| 1,900 SF |
| Condo Use |
| Medical |
| Price |
| $1,620,000 ($852.63/SF) |
| NOI |
| - |
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Unit 11174
| Unit Size | 1,900 SF |
| Condo Use | Medical |
| Price | $1,620,000 ($852.63/SF) |
| NOI | - |
| Sale Type | Investment |
| Sale Notes | |
| This offering consists of 3 separate office condos. 2 of the units are currently leased to Detroit Medical Centers and these 2 units are presently being used by the tenants as combined units. The third is 2000 sq.ft. and is not built out and consists of one large room with many windows. Each condominium unit is being offered separately. There is a fourth unit in the building owned by and utilized by Advance Physical Therapy. This is all Class A space and an all brick building in the all Medical Hartland Millennium Center located 1/2 mile east of US-23 on the south side of M-59. Floor plan and utility location available on Realcomp. Confidentially agreement is necessary for prospects and agents to sign prior to release of income details.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 7,866 SF | Typical Floor Size | 7,866 SF |
| Property Type | Office (Condo) | Year Built | 2005 |
| Property Subtype | Medical | Lot Size | 2.56 AC |
| Building Class | B | Parking Ratio | 4.58/1,000 SF |
| Floors | 1 | ||
| Zoning | OS - Office | ||
| Total Building Size | 7,866 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 7,866 SF |
| Year Built | 2005 |
| Lot Size | 2.56 AC |
| Parking Ratio | 4.58/1,000 SF |
| Zoning | OS - Office |
Amenities
- Air Conditioning
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
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