Medical Office & Professional Center

Highlights:

• Portfolio is comprised of three fully-leased Class “A” buildings totaling 20,500 SF
• All Tenants are Medical Office Users and/or Essential Businesses
• Strong Tenants - All rents were paid in-full during pandemic shutdown
• Long-Term Occupancies - Multiple tenants have been in place since original construction (2007) demonstrating a strong commitment to this location
• Municipality is currently growing at a rate of 7.16% annually and its population has increased by 28.96% since the most recent census
• Property is surrounded by high-end office, retail, and multifamily assets – many recently developed
• Additional 5,500 SF pad-site included with sale - Infrastructure already in place
• No capital improvements required
• Excellent location off M-50 (15,420 vehicles per day) with close proximity to US-23 (46,218 vehicles per day)
• Located between Ann Arbor, MI (25 miles) and Toledo, OH (20 miles)
• Neighboring retailers include: Cabela’s, Tractor Supply Co., Walgreen's, Applebee’s, McDonald’s, Burger King, Taco Bell, Subway, Russel Stover Chocolates, and much more

Description:

The Reichle | Klein Group is pleased to present the opportunity to acquire this attractive, fully occupied office portfolio located in Dundee, Michigan.

Investment Highlights
The portfolio is comprised of three fully leased Class “A” buildings totaling 20,500 SF and one 5,500 SF pad site. The properties are situated in the rapidly growing city of Dundee, Michigan, and require no capital improvements. Fresenius Medical Care, Spicer Group, Dr. Kent Benham and Little Angels Childcare have all recently committed to long-term leases at the property. Multiple tenants have been in place since original construction, demonstrating a strong commitment to this location.

Location Highlights
The subject property is very easily accessible from US-23 – seconds from exit 17 directly off M-50. This property is surrounded by high-end office, retail and residential assets. Bell Estates Apartments are within eyesight, offering luxury-living units, which are currently at-or-near 100% occupied. With more than 101,856 residents within a 15-mile radius, this site provides an optimal location for future retail, office and multifamily development.

Dundee is currently growing at a rate of 7.16% annually and its population has increased by 28.96% since the most recent census, which recorded a population of 3,957 in 2010. Spanning more than five miles, Dundee has a population density of 973 people per square mile.

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