Press Releases
MARCUS & MILLICHAP BROKERS SALE-LEASEBACK OF A MEDICAL OFFICE PROPERTY IN ROCHESTER HILLS, MICHIGAN
February 26, 2025Marcus & Millichap Brokers Sale-leaseback of a Medical Office Property in Rochester Hills, Michigan
ROCHESTER HILLS, Mich., Feb. 26, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale-leaseback of a 9,231-square-foot medical office property leased to Stonebrooke Family Physicians in Rochester Hills, Michigan.
“The Stonebrooke Family Physicians property was very desirable to investors because of the long-term lease, quality of the practice and strategic location in Rochester Hills,” said Seth Haron, First Vice President Investments. “Rochester Hills is an affluent market with strong population density, which is a desired trait among real estate investors. The building was recently updated, is a state-of-the-art facility and is easily accessible to patients with quick access to M-59 and I-75.”
Seth Haron, Darin Gross and Ashish Vakhariya, investment specialists in Marcus & Millichap’s Detroit office, had the exclusive listing to market the property on behalf of the seller, and procured the buyer.
The office property, located on 0.93 acres at 2940 Crooks Road, was built in 2005. The building features 7,431 square feet of clinical space on the first floor and 1,800 square feet of administrative space on the lower level. Stonebrooke Family Physicians provides care for all age groups, with eight providers currently at the facility. The property is 4.3 miles from Ascension Providence Rochester Hospital and 5.6 miles from Corewell Health/Beaumont Troy Hospital.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.
