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Cushman & Wakefield Brokers $56 Million Sale Of Medical Office Portfolio In Western Michigan

Property Image
SOLD
$56,000,000
Gino J. Lollio
Tyler Morss
+ 1

Michigan

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Medical Office152,289 SF
Sold 01/13/2026
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Property Image
SOLD

Cushman & Wakefield Brokers $56 Million Sale Of Medical Office Portfolio In Western Michigan

12460 Riley Street

See Similar Deals
Medical Office152,289 SF
Sold 01/13/2026
Gino J. Lollio
Tyler Morss
+ 1
Contact now

Summary

MICHIGAN
Asset Type:Medical Office
Price Per Square Foot:$367
Total Square Footage:152,289 SF
Transaction Type:Sale

The Medical Office Portfolio, which comprises a five-property medical outpatient facility located in Western Michigan, has been sold for $56 million. The total square footage of the portfolio is 152,289, amounting to a price per square foot of $368.

Summary of transaction details:

Cushman & Wakefield brokered the sale, representing the seller, a group of physicians and investors associated with the operating oncology practice. The portfolio comprises centers that are fully leased to OneOncology and The Cancer & Hematology Centers.

Players

Travis Ives
16 deals$493.4M volume
BROKER

Gino J. Lollio
Cushman & Wakefield
15 deals$482.4M volume(312) 338-7061
BROKER

Tyler Morss
Cushman & Wakefield
10 deals$312.3M volume(212) 709-0805
BROKER

Details

SOLD
IMAGE: Gino J. Lollio, Tyler Morss, Travis Ives & Garrett Keais DATE: 01/13/2026 ADDRESS: Medical Office Portfolio MARKET: Western Michigan ASSET TYPE: Medical Office BROKERS: Gino J. Lollio, Travis Ives, Tyler Morss & Garrett Keais - Cushman & Wakefield SALE PRICE: $56,000,000 SF: 152,289 ~ PPSF: $368 NOTE: Cushman & Wakefield brokered the $56 million sale of the Michigan OneOncology Cancer Center portfolio, a five-property, 152,289-square-foot medical outpatient portfolio across Western Michigan.Gino Lollio, Travis Ives, Tyler Morss, and Garrett Keais of Cushman & Wakefield represented the seller, a group of physicians and investors affiliated with the operating oncology practice, with the centers fully leased to OneOncology and The Cancer & Hematology Centers.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,986,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$198,956.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$265,468.57
Annual Debt Service$3,185,622.84