14061 Lappin St
Detroit, MI 48205
Department of Health and Human Services · Office Property For Sale

• The Property is leased to the State of Michigan’s Department of Health and Human Services through June 30, 2028. The State of Michigan has an investment grade credit rating of “AA” from Standard and Poor’s and Aa1 from Moody’s. • The Property was completed in 2002 as a build-to-suit for the Tenant. Selecting this location due to its close proximity to its customer base, the Tenant executed a lease with an initial term of 20-years. The strength of this location and the community it serves is reinforced by the Tenant’s recent six-year early lease extension. • Rental rate escalations during the Tenant’s remaining lease term increase investor cash flow and returns. • Situated on Lappin Street, the Building is located within one block from Gratiot Avenue, one of the area’s main roadways. An actuated traffic light at the intersection of these two streets allows for efficient access to the Property via north and southbound Gratiot Avenue. • With over 200 parking spaces serving the Property, equating to a parking ratio in excess of 5.5 spaces per 1,000 square feet, there is ample on-site parking. • Tenant-funded internal and external security with key card access and gated parking areas provide a secure environment for employees and clients.