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Cushman & Wakefield Represents Sellers In $56 Million Medical Office Portfolio Sale In Michigan

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

Michigan

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Medical Office152,289 SF
Sold 01/09/2026
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Property Image
SOLD

Cushman & Wakefield Represents Sellers In $56 Million Medical Office Portfolio Sale In Michigan

Medical Office152,289 SF
Sold 01/09/2026
Gino J. Lollio
Tyler Morss
+ 1
Contact now

Summary

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

The Medical Office Portfolio was sold for $56,000,000. This portfolio consists of five properties with a total square footage of 152,289 located in Grand Rapids, Holland, Norton Shores, and Big Rapids, Michigan. It is a fully leased medical outpatient portfolio operated by OneOncology in partnership with The Cancer & Hematology Centers.

Summary of transaction details:

  • Property Type: Medical Office
  • Transaction Amount: $56,000,000
  • Square Footage: 152,289
  • Price Per Square Foot: $368
  • Sale Date: 01/09/2026
  • Market: Grand Rapids, Holland, Norton Shores & Big Rapids, MI

Cushman & Wakefield facilitated the transaction with representatives Gino J. Lollio, Travis Ives, Tyler Morss, and Garrett Keais acting on behalf of the physician and investor sellers during the deal.

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: 01/09/2026 ADDRESS: Medical Office Portfolio MARKET: Grand Rapids, Holland, Norton Shores & Big Rapids, MI 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 in western Michigan.Fully leased at the time of sale, the centers in Grand Rapids, Holland, Norton Shores, and Big Rapids are operated by OneOncology in partnership with The Cancer & Hematology Centers, with Cushman & Wakefield’s Gino Lollio, Travis Ives, Tyler Morss, and Garrett Keais representing the physician and investor sellers.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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Cap Rate

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Cash Flow (Annual)-$198,956.17
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