4170 Cedar Bluff Dr - Office FOR SALE
Petoskey, MI 49770 |
$5,275,846 USD
818-510-3158
4170 Cedar Bluff Dr
Petoskey, MI 49770
HIGHLIGHTS
- NNN Lease with 150+ Unit National Operator and 7.50% Cap Rate with 2% Annual Increases
- Purpose-Built 19,200 SF Medical Facility Constructed in 2015 for Dermatology Operations
- Advanced Dermatology & Cosmetic Surgery Backed by $20 Billion Private Equity Firm
- Located in One of Only 13 'Pure Luxury' Markets in the United States Alongside Nantucket
- Recently Renewed NNN Lease Demonstrating Long-Term Tenant Commitment
- Established Regional Medical Corridor in Rapidly Appreciating Northern Michigan Market
FOR SALE DETAILS
PRICE
$5,275,846 USD
PRICE/SF
$235 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Advanced Dermatology & Cosmetic Surgery
PROPERTY TYPE
Office
ADD'L SUBTYPES
Veterinarian/Kennel, Medical
TOTAL BUILDING SIZE
-
STORIES
2
BUILDING CLASS
B
YEAR BUILT
2015
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.12 AC
LAND SF
48,733 SF
ZONING
-
APN/PARCEL ID
13-18-10-200-025
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818-510-3158
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818-510-3158
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