Marcus & Millichap Sells East Paris Medical Center In Grand Rapids For $2.135M

The property asset involved in the transaction is a fully leased medical office located at 1155 East Paris Avenue Southeast, in the Grand Rapids, MI market. The sale price for this 10,011-square-foot facility was $2,135,000, resulting in a price per square foot of $213.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $2,135,000
• Square Footage: 10,011
• Address: 1155 East Paris Avenue Southeast
• Market: Grand Rapids, MI
• Price per Square Foot: $213
• Seller: Local private investor and retired physician
• Brokers: Seth Haron, Ashish Vakhariya & Darin Gross - Marcus & Millichap

The transaction was brokered by Marcus & Millichap, with Seth Haron, Ashish Vakhariya, and Darin Gross representing the seller in the deal. This sale was for the East Paris Medical Center, a significant asset in the local healthcare real estate market.