Townehall Place - Former Senior Care Facility | 4460 Orchard Lake Rd
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Townehall Place - Former Senior Care Facility 4460 Orchard Lake Rd
50,295 SF Healthcare Building Online Auction Sale West Bloomfield, MI 48323
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Investment Highlights
- Well-maintained and amenitized institutional Asset
- Located in affluent market with a median household income exceeding $163K within a 1-mile radius of the Asset
- Multiple ingress/egress access points for staff and family/friends
- Excellent opportunity for a new owner to open and manage a new assisted living facility OR convert to multi-family
- Great location and visibility off Orchard Lake Rd with over 26,350 vehicles per day
Executive Summary
Colliers is pleased to present for sale Townehall Place (the “Property” or the “Asset”), a former assisted living facility located at 4460 Orchard Lake Rd in West Bloomfield, Michigan. Currently vacant, the institutionally-owned Asset has been excellently maintained and is well-positioned for a new owner/operator to come in an open a new assisted living facility or reposition to the Asset for multi-family. The Asset features many amenities including a commercial kitchen, theater, exercise room, salon, library, and multiple eating and gathering spots.
Townehall Place is located in an affluent market with a median household income exceeding $163K within a 1-mile radius. Additionally, the Asset benefits from a strong location along Orchard Lake Rd with visibility from 26,350 vehicles per day. Multiple ingress/egress points creates convenient access into and out of the Asset for staff and family or friends.
Furthermore, the Asset is located less than 1 mile from West Bloomfield High School and Tam-O-Shanter Country Club, less than 2 miles from Prince of Peace Catholic Church, the West Bloomfield Public Library, and Temple Shir Shalom, and 4 miles from The J (the local Jewish Community Center). Other nearby amenities include Kroger, CVS, Plum Market, Planet Fitness, English Gardens, Goldfish Swim School, and multiple gas stations, banks, and restaurant options.
Townehall Place is located in an affluent market with a median household income exceeding $163K within a 1-mile radius. Additionally, the Asset benefits from a strong location along Orchard Lake Rd with visibility from 26,350 vehicles per day. Multiple ingress/egress points creates convenient access into and out of the Asset for staff and family or friends.
Furthermore, the Asset is located less than 1 mile from West Bloomfield High School and Tam-O-Shanter Country Club, less than 2 miles from Prince of Peace Catholic Church, the West Bloomfield Public Library, and Temple Shir Shalom, and 4 miles from The J (the local Jewish Community Center). Other nearby amenities include Kroger, CVS, Plum Market, Planet Fitness, English Gardens, Goldfish Swim School, and multiple gas stations, banks, and restaurant options.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Purchase Agreement
- Third Party Reports
- Operating and Financial Statements
- Zoning Report
- Licenses
- Survey
- Inspection Reports
- Floor Plans
- Offering Memorandum
Property Facts
| Sale Type | Investment | Building Size | 50,295 SF |
| Sale Conditions | Auction Sale | No. Beds | 63 |
| Property Type | Health Care | No. Stories | 3 |
| Property Subtype | Assisted Living | Year Built | 1929 |
| Building Class | A | Tenancy | Single |
| Lot Size | 2.48 AC | Parking Ratio | 0.77/1,000 SF |
| Sale Type | Investment |
| Sale Conditions | Auction Sale |
| Property Type | Health Care |
| Property Subtype | Assisted Living |
| Building Class | A |
| Lot Size | 2.48 AC |
| Building Size | 50,295 SF |
| No. Beds | 63 |
| No. Stories | 3 |
| Year Built | 1929 |
| Tenancy | Single |
| Parking Ratio | 0.77/1,000 SF |
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PROPERTY TAXES
| Parcel Number | 18-15-476-008 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,251,040 |
PROPERTY TAXES
Parcel Number
18-15-476-008
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,251,040
zoning
| Zoning Code | O-1 |
| O-1 |
Sale Advisors
Sale Advisors
Barry Swatsenbarg, Executive Vice President
(248) 226-1660
Contact
In 2015, Barry joined Colliers International to expand the Colliers Detroit office reach with his investment sales expertise. He is consistently in the top 200 nationally for Colliers. Barry has been an active investment sales agent for over 24 years, transacted on over 500 deals; 15,000 apartment units and more than 30M SF of commercial assets. Barry has been awarded Everest Club at Colliers for the last several years. (The Everest Club recognizes the top 10% of producers and is Colliers highest award.)
Through his activity with the valuation and disposition of value-add and stabilized, income producing properties, he has successfully worked through periods of economic growth and contraction. He has an extensive history of producing sale results with outside of the box solutions to maximize value.
Over the years, Barry has transacted on hundreds of complicated dispositions, that included receivership, lender debt, REO and stabilized assets. He operates exclusively as a sell-side broker, with transactions spreading across all major investment commercial real estate property types. He has navigated through multitudes of unique and complex scenarios.
Barry is regarded as a highly trusted and well-connected industry expert. He is called upon by financial institutions, private clients and peers alike, for his candid market insight and ability to create effective asset management plans for disposition to aid clients with their ongoing business planning. The results maximize value; regardless of the quality of the asset.
Through his activity with the valuation and disposition of value-add and stabilized, income producing properties, he has successfully worked through periods of economic growth and contraction. He has an extensive history of producing sale results with outside of the box solutions to maximize value.
Over the years, Barry has transacted on hundreds of complicated dispositions, that included receivership, lender debt, REO and stabilized assets. He operates exclusively as a sell-side broker, with transactions spreading across all major investment commercial real estate property types. He has navigated through multitudes of unique and complex scenarios.
Barry is regarded as a highly trusted and well-connected industry expert. He is called upon by financial institutions, private clients and peers alike, for his candid market insight and ability to create effective asset management plans for disposition to aid clients with their ongoing business planning. The results maximize value; regardless of the quality of the asset.
Matt Terrace, Senior Vice President- Investments
(248) 514-7126
Contact
For close to a decade Matt has completely immersed himself in many different aspects of commercial real estate, from retail to development to construction to acquisitions and dispositions, but specializes in Commercial Investment Dispositions and Acquisitions. Matt was exposed to the industry at a young age as it is a family passion handed down through generations. In December 2010 he obtained his bachelor’s degree from the University of Michigan – Dearborn in Business Management. Matt has served both private and institutional clients such as Garrison Investment Group, True North Investments, LNR Partners and Alidade Capital. He has also worked with a number of national Tenants in the market including Pet Supplies Plus, Czarnowski and Nuance Communications. Matt’s successful approach stems from the ideology of fully comprehending his client’s needs and consistently putting them first.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Cheri Mascitelli
Contact
Auctioneer License:
Ten-X, LLC Arlene Richardson RE Brkr 6505431586
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MAP
Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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