6240 Rashelle Dr - Medical FOR SALE


Flint, MI 48507- South Flint/Grand Blanc
$7,000,000 USD
732-856-4349
6240 Rashelle Dr, Flint, MI for Sale
$7,000,000 USD
Medical - FOR SALE
1/12
null | 9.24% Cap Rate

6240 Rashelle Dr
Flint, MI 48507
South Flint/Grand Blanc


OVERVIEW

Jennifer Stein Real Estate, Inc, is proud to present the exclusive opportunity to acquire 6240 Rashelle Drive, a 31,780-square-foot, purpose-built medical facility anchored by Blue Cloud Pediatric Surgery Centers, the nation’s largest operator of pediatric dental ambulatory surgery centers. The property is located in Flint, Michigan, serving Genesee County and the surrounding region, with access to major hospital systems, specialty physician practices, and sustained outpatient procedure demand. At an offering basis of approximately $220 per square foot, the asset is positioned significantly below national averages for comparable ASC-anchored medical properties, providing attractive downside protection and long-term value support. Blue Cloud has recently attracted significant institutional backing, with Great Hill Partners acquiring a majority stake in 2025. Great Hill manages approximately $19 billion in assets, signaling strong conviction in the long-term scalability and consolidation potential of the pediatric dental ASC sector. The first floor is occupied by Blue Cloud, which contributes approximately 77% of the property’s rental income under a long-term lease with ~9 years remaining. In 2024, Blue Cloud assumed long-term operations of the Center as part of a strategic regional expansion initiative, underscoring the facility’s mission-critical importance, referral stability, and sustained case volume demand. The remaining 23% of the rent roll is comprised of a personally guaranteed practice further enhancing the overall credit profile of the asset. Leases are NNN with annual escalations, and in-place rents remain below current market levels, offering meaningful upside.

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$188 USD /SF

CAP RATE

9.24%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Crowne Point Endoscopy and Surgery Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

382

LAND DETAILS

LAND ACRES

6.93 AC

LAND SF

302,076 SF

ZONING

PRC

APN/PARCEL ID

15-11-601-001

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.