Updated Oct 9, 2026
CrownPoint Partners Represents Both Buyer And Seller In $9.2M Medical Office Sale In Michigan
1808 South Pennsylvania Avenue, 231 South Cochran Avenue & 160 North Winter Street
$9,200,000
$87/SF
Building Size
35,212 SF
Asset Type
Medical Office
Closing
Oct 7, 2026
About this deal
AI
The transaction involved the sale of a medical office asset comprising five dental properties situated in Lansing, Charlotte, Adrian, Saint Joseph, and Jackson, Michigan. The sale price was $9,200,000, with a total area of 35,212 square feet and a price per square foot of $261.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $9,200,000
- Square Footage: 35,212
- Price Per Square Foot: $261
- Addresses: 1808 South Pennsylvania Avenue, 231 South Cochran Avenue & 160 North Winter Street
- Market: Lansing, Charlotte & Adrian, MI
- Broker: Julius Swolsky - CrownPoint Partners
- Lease Terms: 15-year absolute net leases with 2% annual rent increases
- Transaction Duration: 42 days
CrownPoint Partners was responsible for representing both the seller and buyer in this transaction. The broker, Julius Swolsky, facilitated the deal which involved complex negotiations and strategic planning to complete the sale-leaseback arrangement.
On the Map
$9,200,000
$87/SF
Medical Office
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Lansing Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.72%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93