Daily limit: 0/10
Marcus & Millichap Facilitates $9.8M Sale Of Medical Office In Midland, MI
SOLD
$9,800,000
Michigan
See Similar DealsMedical Office23,420 SF
Sold 02/16/2024
SOLD
Marcus & Millichap Facilitates $9.8M Sale Of Medical Office In Midland, MI
4228 Bay City Road
See Similar DealsMedical Office23,420 SF
Sold 02/16/2024
Summary
MICHIGAN
Asset Type:Medical Office
Price Per Square Foot:$418
Total Square Footage:23,420 SF
Transaction Type:Sale
The Great Lakes Bay Surgery & Endoscopy Center in Midland, Michigan has been sold for $9,800,000. The property is a multi-tenant medical office building covering 23,420 square feet and is located at 4228 Bay City Road in the Midland market.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $9,800,000
- SF: 23,420
- PPSF: $418
- Brokers: Ashish Vakhariya, Darin Gross & Seth Haron - Marcus & Millichap
Ashish Vakhariya, Darin Gross, and Seth Haron from Marcus & Millichap represented the parties in this transaction, successfully facilitating the sale of the medical office property.
Players
Details
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
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$522,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$34,817.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$46,457.00
Annual Debt Service$557,484.00
Is there something missing? Send suggestions