Team Wellness Premier Medical Sale Lease Back
Office | 8.50% CAP | 61,622 SF
Marketing description
Since 2002, Team Wellness Center has been providing exceptional services and care to adults with severe and chronic mental illness in Southeast Michigan. Team Wellness Center is dedicated to enhancing the wellbeing of individuals by providing an array of comprehensive behavioral and physical health services in an environment that promotes quality of life, continuous improvement, social awareness, and healing. Since then, we have expanded our services to include substance use, primary care, child/adolescent, and dental services to meet the growing needs of the community. Team Wellness Center is dedicated to enhancing the wellbeing of individuals by providing an array of comprehensive behavioral and physical health services in an environment that promotes quality of life, continuous improvement, social awareness, and healing.
Team Wellness has invested in New HVAC Units, Roof and updates throughout facility. This property has land for redevelopment and expansion of the building.
The subject property is well positioned to the East Detroit to serve the community of need of medical services. The location offers full medical services, private parking with a rare modern facilities to the community.
Team Wellness is the largest mental health care provider in Wayne County and one of the largest for profit mental health care providers in the Midwest providing extensive programs providing services mental health for all ages, dental, diet and exercise counseling, integrated primary care services and supporting services to over 4,000 patients weekly.
With the redevelopment of Detroit comes a younger generation that are working in the city and baby boomers that want to be part of the rebirth and that will desire to live there.
Investment highlights
Seller will sign a 15 year Lease at closing at $20 sf NNN yrs 1-5, 15% increase yr 6-10, 15% increase yr 11-15 of the Lease with no Landlord obligations.
The subject property is well positioned to the East Detroit, community of need of medical services an important medical facility for the community. The location offers full medical services, private parking with all updates to the facility to provide a positive experience to its customers.
With the redevelopment of Detroit comes a younger generation that are working in the city and baby boomers that want to be part of the rebirth and that will desire to live there. With these improvements there still remains a need for quality medical services.
Team Wellness is the largest mental health care provider in Wayne County and one of the largest for profit mental health care providers in the Midwest providing extensive programs of mental health for all ages, dental, diet and exercise counseling, integrated primary care services and supporting services to over 4,000 patients weekly.
Note this can be a portfolio sale of another premier medical building at 2851 Russell Detroit 48,940 sf with Team Wellness
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