2845 Capital Ave SWBattle Creek, MI 49015
Health Park South | Value Add Healthcare
Asset ClassHealthcare Facility
Deal Size$3.23 M
Value Add Healthcare Facility
Overview
Advantage Commercial Real Estate is pleased to present the sale of Health Park South, located at 2845 Capital Ave SW in Battle Creek MI. This 3 story, 35,858 SF, medical outpatient facility is currently 82.75% occupied, offering an opportunity to add value in Battle Creek’s premier medical corridor.
- $3,230,000 Asking
- 274,654 as-is NOI
- 8.50% Cap
- 4.87 Acres | 2.44 Acres Unused
- 82.75% Occupied
Investment Highlights
2845 Capital Avenue SW presents the opportunity to acquire a cash flowing medical asset, with the opportunity to add a significant amount of value through the lease up of 3 vacant suites. The vacant suites range from 700 SF to 3,611 SF.
There are five tenants in place with a WALT of 4.77. The largest of these tenants are Fresenius Kidney Care and Bronson Internal Medicine.
- 4.77 WALT
- 3 Vacant Suites Ranging from 700 SF to 3,611 SF
- Excellent access to I-94
- Dedicated tenant drop off area
- Fresenius Kidney Care (25.78% pro-rata) in place since 1998
- Bronson Internal Medicine (37.95% pro-rata) in place since 2006
Photo Gallery
2845 Capital Ave SWBattle Creek, MI 49015
Sales Team
Michael VisserPartner | Senior Vice President | Investment(616) 327-2617michael.visser@advantagecre.com
David RappPartner | Senior Vice President | Investment | Land(616) 327-2614david.rapp@advantagecre.com
Listing provided by Revere CRE