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For Sale

Garden City Medical Center

31535 Ford Rd,
Garden City, MI 48135

Asset Snapshot

2014
Year Built
2022
Year Renovated
1
Floor Count
1
Building Count
50
Parking Spots
100%
Occupancy

Offering Summary

Investment Overview

Strategically positioned along Ford Road, Garden City Medical Center presents a compelling opportunity to acquire a 100% occupied, 8,121 SF multi-tenant medical office building within the Southern I-275 Corridor submarket. Garden City Medical Center is fully leased on a NNN basis to two established medical practices, Yaldo Eye Center and Crawford Bone & Joint, providing investors with predictable in-place income and limited landlord responsibilities. The property benefits from excellent visibility and exposure to approximately 25,375 vehicles per day, complemented by a prominent monument sign and approximately 50 surface parking spaces. Located just 2.3 miles from Garden City Hospital, the asset is well positioned within an established healthcare and commercial market. Built in 2014 and renovated in 2022, the property offers newer construction and a well-maintained physical asset with limited anticipated near-term capital requirements. Its combination of modern medical office space, established tenancy, visibility, parking, and proximity to a major hospital further strengthens its long-term investment appeal. The property generates approximately $132,006 in NOI, representing an attractive 7.14% capitalization rate. With full occupancy, NNN lease structures, established healthcare tenants, and a highly visible location within the Southern I-275 Corridor, 31535 Ford Road presents a compelling opportunity for investors seeking stabilized medical office income in the Metro Detroit market.


Investment Highlights

  • 8,121 SF Medical Office Building
  • 100% Occupied on an NNN basis by Yaldo Eye Center and Crawford Bone & Joint
  • Built in 2014 of High-Quality Construction & Renovated in 2022
  • 20% of residents within a three-mile radius are age 65 or older, creating consistent demand for medical services
  • Strategically located less than 2.5 miles from Garden City Hospital
  • Immediate access to I-275, I-96, and Telegraph Rd
  • Positioned near major national retailers that draw consumers from across the region
  • Significant traffic counts of 25,375 vehicles per day on Ford Rd
  • NOI of $132,006 | 7.14% Cap Rate

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Listing Syndicated From

Buildout
For Sale
$1,850,000
Asking Price