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Northville & South Lyon MOB Investment

2 Office Properties Offered at $3,100,000 in Multiple Locations

Investment Highlights

  • 18,300 SF MOB Portfolio Investment | 8.22% cap rate
  • Two buildings - located in Northville and South Lyon
  • Within 15 miles of major hospitals
  • SELLER FINANCING AVAILABLE!!
  • 94% occupied by Village MD & Legends Heath
  • Thriving communities with excellent demographics

Executive Summary

P.A. Commercial is pleased to offer a portfolio investment sale consisting of two medical buildings with a national tenant in place,
located in the desirable communities of Northville & South Lyon, Michigan.
422 N CENTER ST | INVESTMENT HIGHLIGHTS
Single-tenant stabilized medical office building
100% occupied by Village MD - a strong regional medical office operator
Great location on main road with road-front signage
Located in Northville, one of the most desirable areas to live in Michigan, with excellent demographics
Two levels with exam rooms on main floor and administration/offices on lower level
Close to Ascension Providence Hospital - Novi
12660 TEN MILE RD | INVESTMENT HIGHLIGHTS
Value-add Multi-tenant medical office building
80% occupied by two national healthcare providers, Village MD and Legend Health
High-end curb appeal
Great location on main road with road-front signage
Newer construction building that’s been impeccably maintained and is in excellent condition
Within 15 miles of major hospitals
1,100 SF vacant former pharmacy suite

Property Facts

Price $3,100,000
Price / SF $199.54 / SF
Cap Rate 8.22%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 15,536 SF
Total Land Area 1.22 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
12660 10 Mile Rd, South Lyon, MI 48178 Office 11,000 SF 2013 -
422 N Center St, Northville, MI 48167 Office 4,536 SF 1974 -
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  • Listing ID: 29545796

  • Date on Market: 9/18/2023

  • Last Updated:

  • Address: Northville & South Lyon MOB Investment, South Lyon, MI

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