517-281-5800
1625 Ramblewood Dr, East Lansing, MI for Sale
Medical - FOR SALE
1/21
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1625 Ramblewood Dr
East Lansing, MI 48823


HIGHLIGHTS

  • ?100% leased to OneOncology — physician-led oncology MSO backed by Fortune 50, investment-grade Cencora
  • Long-term NNN lease through January 2031 with fixed 3% annual increases
  • One five-year renewal option with continued 3% escalations
  • ?Directly adjacent to Michigan State University in stable East Lansing, MI
  • ?10,976 SF medical office; well-located, established 1998-built asset

OVERVIEW

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.?

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

Commercial

APN/PARCEL ID

20-01-02-476-301,20-01-02-476-302

ASK ABOUT THIS PROPERTY

Jerome AboodNAI Mid-MichiganMore Info
517-281-5800

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Jerome AboodNAI Mid-MichiganMore Info
517-281-5800

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