facebook
Traded Co logo
Submit
Daily limit: 0/10

Nova Sky Investments LLC Acquires Medical Office From Scott Marcus In Novi

Property Image
SOLD
$9,300,000

Michigan

See Similar Deals
Medical Office36,338 SF
Sold 06/07/2024
the dealplayerscompscontact
Property Image
SOLD

Nova Sky Investments LLC Acquires Medical Office From Scott Marcus In Novi

28455 Haggerty Road

See Similar Deals
Medical Office36,338 SF
Sold 06/07/2024
Contact now

Summary

MICHIGAN
Asset Type:Medical Office
Price Per Square Foot:$255
Total Square Footage:36,338 SF
Transaction Type:Sale

The $9.3 million sale of Infinity Medical, a 36,338-square-foot fully leased medical office building located at 28455 Haggerty Road in Novi, MI, was recently brokered by Ashish Vakhariya, Darin Gross, and Seth Haron of Marcus & Millichap. The property was acquired by Nova Sky Investments LLC from Scott Marcus of RSM Development. The asset housed tenants such as Rehabilitation Physicians PC and Ascension Medical Group of Michigan.

Summary of transaction details:

  • Property Type: Medical Office
  • Transaction Amount: $9,300,000
  • Market: Novi, MI
  • Square Footage: 36,338
  • Buyer: Nova Sky Investments LLC
  • Seller: Scott Marcus - RSM Development

The sale transaction also involved the representation of Seth Haron, Ashish Vakhariya, and Darin Gross from Marcus & Millichap, collaborating with Scott Marcus of RSM Development to facilitate the deal between the buyer and seller.

Players

Seth Haron
12 deals$107.9M volume
BROKER

Ashish Vakhariya
Marcus & Millichap
12 deals$107.9M volume
BROKER

Darin Gross
Marcus & Millichap
12 deals$107.9M volume
BROKER

Details

SOLD
IMAGE: Scott Marcus, Ashish Vakhariya, Darin Gross & Seth Haron DATE: 06/07/2024 ADDRESS: 28455 Haggerty Road MARKET: Novi, MI ASSET TYPE: Medical Office BUYER: Nova Sky Investments LLC SELLER: Scott Marcus - RSM Development BROKERS: Ashish Vakhariya, Darin Gross & Seth Haron - Marcus & Millichap SALE PRICE: $9,300,000 SF: 36,338 ~ PPSF: $256 NOTE: Marcus & Millichap brokered the $9.3 million sale of Infinity Medical, a 36,338-square-foot fully leased medical office building in Novi, to Nova Sky Investments LLC. The deal involved Rehabilitation Physicians PC and Ascension Medical Group of Michigan as tenants, with representation from Seth Haron, Ashish Vakhariya, and Darin Gross of Marcus & Millichap, in partnership with Scott Marcus of RSM Development.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$496,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$33,040.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$44,086.74
Annual Debt Service$529,040.94