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Favorite
  • 0 BDRM
  • 0 BTH
  • 4,481 SQ.FT
  • 0′ WF
5087 N Royal Drive Traverse City MI 49684
$720,000
Status: Sold In House

Description

Fantastic medical office investment, leased to Munson Medical Center on 10-year lease which goes through August 31, 2031. Space is 4, 481 SF of medical office in 2 unit condominium building. Each unit has a separate entrance and basement storage space. Munson Hospital is leasing this space for their Pulmonary and Critical Care office. Building offers great location in medical office park near the main hospital and has plenty of parking. Offered at 8.5% cap rate.

Directions

Turn north onto N Royal Drive from Cedar Run and turn west onto the second road leading into the parking lot of 5087 N Royal Dr.

Disclaimer

Copyright © 2024 Northern Great Lakes Realtors (NGLR) Listing provided by Northern Great Lakes Realtors (NGLR). The information in this listing was gathered from third-party sources including the seller. Home Waters LLC its subscribers disclaim any and all representations or warranties as to the accuracy of this information.

Property Listed By

Coldwell Banker Schmidt-522. 522 E Front Street Traverse City MI 49686

Real estate evaluation can be a very subjective measure. These properties were chosen based on a simple series of objective numbers and may not actually be very similar to the property being searched. Contact a professional REALTOR for assistance in evaluating any given property.

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(231) 499-8292