732-856-4349
1035 Charlevoix Dr, Grand Ledge, MI for Sale
Medical - FOR SALE
1/9
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1035 Charlevoix Dr
Grand Ledge, MI 48837


HIGHLIGHTS

  • $734,541 Year 1 NOI | Triple-net lease structure
  • 6.3-year WALT | Family Medicine lease runs through 2039
  • All tenants in occupancy since building inception (2012)
  • $72M+ in new health system capital committed to this submarket within the past 18 months
  • 30,000 VPD corridor | 3 miles from I-96/I-69 interchange
  • Median trade area age of 44.5, senior population 21.7% — structurally above-average healthcare utilization

OVERVIEW

Zeustra presents the exclusive opportunity to acquire a 34,705 SF, 100% occupied multi-tenant medical office building in Grand Ledge, Michigan anchored by three deeply entrenched healthcare tenants: McLaren Greater Lansing, University of Michigan Health–Sparrow, and Family Medicine of Michigan. The asset generates $734,541 in Year 1 NOI under a triple-net and modified gross lease structure with a 6.3-year weighted average lease term. All three tenants have occupied the building since inception in 2012. McLaren operates a flagship multi-specialty health center integrated into its systemwide referral network. UM Health–Sparrow operates as a formally designated outpatient department of the region's sole Level I Trauma Center. Family Medicine of Michigan has served the Grand Ledge community continuously for over 50 years with a multigenerational patient base that makes relocation functionally impossible. The property sits along a 30,000 VPD commercial corridor 13 miles west of downtown Lansing in a supply-constrained submarket with a median age of 44.5 and a 21.7% senior population — demographics that drive disproportionately high healthcare utilization. The two major health systems have committed over $72 million in new capital to this submarket within the past 18 months, independently validating long-term demand at this location.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.5 AC

LAND SF

152,460 SF

ZONING

B-1

APN/PARCEL ID

400-063-605-004-04

ASK ABOUT THIS PROPERTY

Ryan LupoZeustra Real Estate Investment ServicesMore Info
732-856-4349

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Ryan LupoZeustra Real Estate Investment ServicesMore Info
732-856-4349

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.