Blake Woods Medical Park 2775 Blake Rd 10,668 SF Office Building Jackson, MI 49201 $4,573,000 ($428.67/SF) 6.90% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant Blake Woods Surgery Center in Jackson, MI. The state-of-the-art outpatient facility features three surgical suites, a procedure room, and private recovery areas. The highly profitable facility provides various specialties including ophthalmology and oculoplastics. Michigan is a certificate of need state that is highly regulated by the Michigan Department of Health and Human Services, which provides a competitive advantage to existing surgery centers by limiting new market entrants and holding existing providers to top standards. There are currently twelve physicians practicing at the Blake Woods Surgery Center, which has successfully operated at this location since 1997.
The property features an absolute triple net lease with over eight years remaining. The lease has 2% annual rental increases and no landlord responsibilities. The lease is corporately guaranteed by Midwest Vision Partners Management, which operates over 70 locations throughout Michigan, Ohio, Pennsylvania, West Virginia, and Illinois.
The 10,668 SF property is strategically located along Interstate 94 with excellent visibility. There are approximately 75,000 people that live within five miles of the property. The high-end constructed property is positioned on over ten acres.