1536 Center RdEssexville, MI 48732
For Sale
$2,099,000
Michigan Medical Office, Net Lease
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 126
Highlights
- Strong operating history since 1993 with a new 10-year lease renewal.
- Investment-grade tenant: Fresenius Medical Care, guaranteed by a wholly-owned subsidiary covering most Michigan locations.
- Net lease structure with minimal landlord responsibilities.
- Seller will credit buyer for NOI difference; current NOI $118,271, increasing to $134,910 upon lease commencement in 2026.
- Excellent location in a high-traffic Bay City retail corridor with strong national co-tenancy.
- Tenant responsible for HVAC and roof replacement costs via a $1,146.74/month reimbursement starting June 1, 2026.
Property Details for 1536 Center Rd
- Property type
- Office properties, Medical offices
- Square Feet
- 8,994 SF
- Year Built
- 1992
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 57,499 SF
Location Insight
- City
- Essexville
- County
- Bay
- State
- Michigan
- Latitude
- 43.594191685259
- Longitude
- -83.838496827878
1536 Center Rd, Essexville, Michigan
Nearby Similar for Sale
FAQs
- What type of property is this?
- Office property - Michigan Medical Office, Net Lease
- Where is the office property located?
- The property is located at 1536 Center Rd Essexville, MI.
- What is the asking price?
- The asking price for this property is $2,099,000.
- What are key features of this property?
- This property features: Strong operating history since 1993 with a new 10-year lease renewal.; Investment-grade tenant: Fresenius Medical Care, guaranteed by a wholly-owned subsidiary covering most Michigan locations.; Net lease structure with minimal landlord responsibilities.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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