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1921 E Miller Rd
Lansing, MI 48911
Senior Community Care of Michigan · Office Property For Sale
Investment Highlights
- Single-tenant PACE healthcare facility operated by Volunteers of America
- 2.5% annual rent escalations providing built-in income growth
- Located in Lansing, MI — stable healthcare market with strong demographics
- Long-term lease through October 31, 2034 with ±8.25 years remaining
- Essential healthcare facility serving the growing senior population in Mid-Michigan
- 314,743 population within 10-mile radius; avg household income of $86,153
Executive Summary
Matt Fitzgerald
License # 6502432668, 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # 6502432668, 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
25,511 SF
Building Class
B
Year Built
2003
Price
$4,400,000
Price Per SF
$172.47
Cap Rate
7.55%
NOI
$332,179
Tenancy
Single
Building Height
1 Story
Typical Floor Size
25,511 SF
Building FAR
0.20
Lot Size
2.96 AC
Zoning
Commercial - Commercial zoned property
Parking
115 Spaces (4.51 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Number | 01-05-03-481-021 | Improvements Assessment | $1,276,600 |
| Land Assessment | $260,300 | Total Assessment | $1,536,900 |
Property Taxes
Parcel Number
01-05-03-481-021
Land Assessment
$260,300
Improvements Assessment
$1,276,600
Total Assessment
$1,536,900
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