6100 Newport Rd - Medical FOR SALE


Portage, MI 49002
$1,630,000 USD
269-207-1040
6100 Newport Rd, Portage, MI for Sale
$1,630,000 USD
Medical - FOR SALE
1/5
null | 8.4% Cap Rate

6100 Newport Rd
Portage, MI 49002


HIGHLIGHTS

  • 18,880 SF two-story medical office building with additional 9,280 SF basement with open areas for training and storage
  • 2.241-acre parcel located in North Portage
  • Well-positioned just off Westnedge Avenue with convenient access to I-94 and Kalamazoo/Battle Creek International Airport
  • Co-tenants include Advanced Dermatology, ComForCare Home Care, Joy Unlimited, AE Tech Design, and Terrill Psychological Services
  • 86% Occupied with medical tenants and offered at an 8.4% cap rate

OVERVIEW

INVESTMENT PROPERTY FOR SALE: Multi-tenanted medical office building. 18,880 SF two-story medical office building with an additional 9,280 SF basement space for training and storage on 2.241 acres in North Portage. Anchored by long-time tenant Advanced Dermatology, which occupies the entire first floor. The second floor is a mix of medical and office tenants. Zoned OS-1, Office Service in the City of Portage, the building features a passenger elevator accessing all three floors. Well-located just off Westnedge Avenue with easy access to I-94 and the Kalamazoo/Battle Creek International Airport. Offered at an 8.4% cap rate. Rent roll and P&L subject to qualified buyers and NDA.

FOR SALE DETAILS

PRICE

$1,630,000 USD

PRICE/SF

$86 USD /SF

CAP RATE

8.4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

72

LAND DETAILS

LAND ACRES

2.38 AC

LAND SF

103,673 SF

ZONING

OS-1

APN/PARCEL ID

10-00010-086-O

ASK ABOUT THIS PROPERTY

Jodi MilksNAI Wisinski of West Michigan - Kalamazoo OfficeMore Info
269-207-1040

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Jodi MilksNAI Wisinski of West Michigan - Kalamazoo OfficeMore Info
269-207-1040

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