Ashish Vakhariya, Darin Gross, And Seth Haron Of Marcus & Millichap Sell Medical Office In Jackson, Michigan For $4.35M
SOLD
$4,350,000
Michigan
See Similar DealsOffice10,411 SF
Sold 12/01/2021
SOLD
Ashish Vakhariya, Darin Gross, And Seth Haron Of Marcus & Millichap Sell Medical Office In Jackson, Michigan For $4.35M
2775 Blake Road, Jackson, Michigan, USA
See Similar DealsOffice10,411 SF
Sold 12/01/2021
Summary
MICHIGAN
Asset Type:Office
Price Per Square Foot:$417
Total Square Footage:10,411 SF
Transaction Type:Sale
A medical office located at 2775 Blake Road in Jackson, Michigan was recently sold for $4,350,000. The property spans across 10,411 square feet and has a price per square foot of $418.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $4,350,000
- Address: 2775 Blake Road, Jackson, Michigan
- Market: Jackson, Michigan
- Size: 10,411 square feet
- Price per Square Foot: $418
The sale of this medical office asset was facilitated by Seth Haron, Ashish Vakhariya, and Darin Gross of Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$232,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,454.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,621.22
Annual Debt Service$247,454.63
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