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1625 Ramblewood Dr 17,516 SF 100% Leased Office Building East Lansing, MI 48823 For Sale
Investment Highlights
- ?100% leased to OneOncology — physician-led oncology MSO backed by Fortune 50, investment-grade Cencora
- One five-year renewal option with continued 3% escalations
- ?10,976 SF medical office; well-located, established 1998-built asset
- Long-term NNN lease through January 2031 with fixed 3% annual increases
- ?Directly adjacent to Michigan State University in stable East Lansing, MI
Executive Summary
NAI Mid-Michigan is pleased to present a rare single-tenant, net-leased medical office investment located at 1625 Ramblewood Drive in East Lansing, Michigan - directly adjacent to Michigan State University, one of the largest public research universities in the United States.?
The asset is secured by a triple-net (NNN) lease featuring fixed 3% annual rent increases that provide built-in income growth and inflation protection, with minimal landlord responsibilities.? The lease runs through January 2031 and includes a five-year renewal option with continued 3% escalations, offering long-term, predictable cash flow from a healthcare tenant in a recession-resistant specialty.?
East Lansing offers a stable, education-driven economy anchored by Michigan State University and supported by government, healthcare, and research employment.? The property enjoys excellent regional connectivity via US-127 and I-496, with strong surrounding demographics and an established residential trade area.?
Offered via Call for Offers — Tuesday, July 14th at 12:00 PM.? A full data room is available upon execution of a Confidentiality Agreement.?
The asset is secured by a triple-net (NNN) lease featuring fixed 3% annual rent increases that provide built-in income growth and inflation protection, with minimal landlord responsibilities.? The lease runs through January 2031 and includes a five-year renewal option with continued 3% escalations, offering long-term, predictable cash flow from a healthcare tenant in a recession-resistant specialty.?
East Lansing offers a stable, education-driven economy anchored by Michigan State University and supported by government, healthcare, and research employment.? The property enjoys excellent regional connectivity via US-127 and I-496, with strong surrounding demographics and an established residential trade area.?
Offered via Call for Offers — Tuesday, July 14th at 12:00 PM.? A full data room is available upon execution of a Confidentiality Agreement.?
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
17,516 SF
Building Class
A
Year Built
1998
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
8,758 SF
Building FAR
1.75
Lot Size
0.23 AC
Zoning
Commercial
Parking
70 Spaces (4 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $533,100 | |
| Land Assessment | $0 | Total Assessment | $533,100 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$533,100
Total Assessment
$533,100
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1625 Ramblewood Dr
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