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HENRY FORD HEALTH MEDICAL OFFICE 5375 Hampton Pl 3,528 SF Office Building Saginaw, MI 48604 $545,000 ($154.48/SF) 10% Cap Rate
INVESTMENT HIGHLIGHTS
- 10.00% CAP Rate on NNN Lease - Fully leased to Henry Ford Health System
- Strong Medical Tenant with Over 100 Years of Operation
- Demographic Stability in a Core Michigan Market
- Corporate Lease Guarantee - Lease is guaranteed by Henry Ford Health System
- Recent Construction with Efficient Layout - Built in 1999
- Flexible Exit Strategy or Hold as High-Yield Asset - Ideal for private investors, 1031 exchange buyers
EXECUTIVE SUMMARY
10.00% CAP Rate on NNN Lease - Fully leased to Henry Ford Health System on a true NNN lease with landlord only responsible for capital replacement, providing passive income with minimal management.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
3,528 SF
Building Class
B
Year Built
1999
Price
$545,000
Price Per SF
$154.48
Cap Rate
10%
NOI
$54,500
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,528 SF
Building FAR
0.09
Lot Size
0.95 AC
Opportunity Zone
Yes
Zoning
B-1
Parking
30 Spaces (8.5 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 18134354002007 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $188,300 |
PROPERTY TAXES
Parcel Number
18134354002007
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$188,300
CONTACTS
-
Deno Bistolarides -
Brandon Hanna -
Ryan Vinco -
Danny Samona -
Encore Real Estate Investment Services
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HENRY FORD HEALTH MEDICAL OFFICE | 5375 Hampton Pl
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