Listed by DIRT Realty
$1,950,000
17 S Saginaw
Details
Property Type Office
Sub Type Executive Office, Medical Office
Square Footage 22,400
Net Rentable (SqFt) 22,400
Units 4
Cap Rate 16.66%
NOI $324,800
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Term 7
Lease Expiration 12/31/2031
Remaining Term 5.6
Rent Bumps Yes
Lease Options 1
Pro-Forma Cap Rate 16.66%
Pro-Forma NOI $324,800
Price per SqFt $87
Class A
Year Renovated 2025
Buildings 1
Stories 4
Parking Spaces 35 spaces
Parking Per SqFt 1.56
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/01/2025
Sale Condition Sale for leaseback
Urgent Care - Medical Office with Value Add | 10.36% CAP | 22,400 SF
Marketing description
10+ cap with upside in a multi tenant, freshly renovated Urgent Care + PT + 10,000 sf of law offices in a 4 story, historic downtown building next door to McLaren Hospital. Opportunity Abounds!
Investment highlights
10+ cap rate, with upside in NNN medical + law offices
Historic Downtown next door to McLaren Hospital
New Urgent Care + PT floor
Renovated in 2025!
Listing Contacts
Listed by DIRT Realty
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$324,800.00
$27,066.67/mo
Valuation Metrics
0
DSCR
16.66%
Cap Rate
16.66%
ROI
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