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306 N Gould St 5,419 SF Office Building Owosso, MI 48867 $2,880,000 ($531.46/SF) 7.50% Cap Rate
Investment Highlights
- Long-term NNN lease with ±9.8 years remaining and 3% annual rent increases for stable, growing income.
- 7.50% cap rate and $216,000 annual NOI provide attractive cash flow for investors seeking healthcare assets.
- Tenant is part of a regional oral surgery MSO platform backed by Chicago Pacific Founders private equity.
- Single-tenant dental and oral surgery center with 100% occupancy and minimal landlord responsibilities.
- Purpose-built, recently renovated facility with ±5,419 SF on a ±0.92-acre lot in Owosso, MI.
- Located near Memorial Healthcare Hospital and downtown Owosso, supporting strong patient flow and demand.
Executive Summary
Matt Fitzgerald
Matthews Real Estate Investment Services, Inc
License # 6505432273, 6502432668 (MI)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # 6505432273, 6502432668 (MI)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
5,419 SF
Building Class
B
Year Built
2006
Price
$2,880,000
Price Per SF
$531.46
Cap Rate
7.50%
NOI
$216,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,419 SF
Building FAR
0.14
Lot Size
0.92 AC
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 050-541-000-063-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $328,900 |
Property Taxes
Parcel Number
050-541-000-063-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$328,900
Contacts
-
Kyle Mackulak -
Tyler Swade -
Michael Moreno -
Rahul Chhajed -
Matthews Real Estate Investment Services
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306 N Gould St
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