Multi-Tenant Medical Office

Multi-Tenant Medical Center | 89% Credit Tenancy | Grand Rapids, MI

1155 E Paris Ave SE, Grand Rapids, MI 49546

Listing Price: $2,363,117

Click To Access Offering Memorandum
  • Cap Rate6.75%
  • Building SF10011
  • Year Built / Renovated2004

Investment Highlights

  • Prime Medical Location: Situated along East Paris Avenue within one of Grand Rapids’ most active healthcare corridors
  • Highway Accessibility: Immediate access to I-96, U.S. 131, and M-6, connecting to downtown Grand Rapids, Gerald R. Ford International Airport, and the greater West Michigan region
  • Proximity to Major Hospitals: Corewell Health Blodgett Hospital – 4 miles away (acute-care hospital) | Corewell Health Butterworth Hospital – 5 miles away (Level I Trauma Center, 1,324 staffed beds)
  • Surrounded by complementary healthcare practices, specialty clinics, and professional offices that drive steady referral traffic
  • Strong regional employment and expanding healthcare infrastructure continue to attract providers and patients alike
  • Located in an affluent market, with an average household income of over $141K within a three-mile radius and more than 175K residents within a five-mile radius
  • All tenants are paying at or below market rents
  • Credit tenants include Trinity Health and Labcorp

 

 

Lead Agent

Seth Haron

Managing Director Investments

Lic: MI 6501373006

Darin Gross

Senior Director Investments

Lic: MI 6501384871

Ashish Vakhariya

Senior Managing Director Investments

Lic: MI 6501322501

Michigan Broker of Record | Paul Kerber | Two Towne Square, Ste 450 Southfield, MI 48076 | (248) 415-2600 | Lic #: 6502433613