FOR SALE > 8,038 SF MEDIAL OFFICE BUILDING
15100 South Plaza Drive Taylor, MI 48180
- 8,038 Acres
- For Sale
Colliers International has been retained as the exclusive advisor for the sale of 15100 South Plaza Drive (the “Property”), a single story, 8,038 square foot medical office building located in Taylor, Michigan. This asset offers potential investors an opportunity to acquire a high end, newly leased medical office building in an outstanding location.
Built in 2001, the Property has been immaculately maintained. The tenant, Oakwood Healthcare (Beaumont Healthcare), is part of the largest Metro-Detroit Hospital system with eight hospitals, consisting of over 3,400 beds, 168 outpatient sites, 5,000 physicians, and more than 38,000 employees. Beaumont commenced a new, five-year lease on August 1, 2017. Should the tenant vacate, the optimal location and high quality finishes ensure strong demand should future ownership need to re-tenant the space.
The Property is situated on the border of the Airport District and Downriver South submarkets. The region is a consistent performer due to its proximity to the airport and boasts impressive medical office metrics within a prominently robust industrial region. In terms of existing product, the Airport District has a total of 59 Medical Office properties totaling 388,000 square feet and Down River South has a total of 107 Medical Office properties totaling 729,000 square feet. The submarkets post 7.8% and 9.1% vacancy rates, respectively. Aggregated, the Airport District and Downriver South account for 1,117,00 square feet of Medical Office space with a combined vacancy rate of 8.6%, that has been decreasing year-over-year since the second quarter of 2012.
Property Status: Fully Occupied
Lot Size: 1.07 Acres
Area Available: 8,038 Acres
Five (5) Years
(2) Five Year Options