1800 W Caro Rd - Medical FOR SALE
Caro, MI 48723 |
1800 W Caro Rd
Caro, MI 48723
HIGHLIGHTS
- Newly Opened 42,000 Square-Foot Regional Medical Center - Six Specialties & Pharmacy with Drive-Thru | Certificate of Need (CON) for Imaging
- 100% Occupied by Eight Tenants Operating on Triple-Net Lease Terms - Most Containing 3% Annual Rent Increases
- Weighted Average Lease Term (WALT) of Over Nine Years
- Anchored by McLaren Bay Region - 45.7% GLA - Subsidiary of McLaren Health Care: 13 Hospitals in Michigan ($6.6B Revenue)
- Two Miles from McLaren Caro Hospital (25 Beds) & Newly Opened $85 Million - 130,000 Square Foot State Psychiatric Hospital
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
McLaren Caro Region Medical
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
35346
STORIES
2
BUILDING CLASS
C
YEAR BUILT
2022
SPRINKLERS
-
PARKING SPACES
32
LAND DETAILS
LAND ACRES
3.52 AC AC
LAND SF
153,331 SF
ZONING
-
APN/PARCEL ID
-
