Crowne Point Endoscopy and Surgery Center 6240 Rashelle Dr 37,171 SF 84% Leased Office Building Flint, MI 48507 $10,429,350 CAD ($280.58 CAD/SF) 8.63% Cap Rate

Jennifer Stein Real Estate, Inc, is proud to present the exclusive opportunity to acquire 6240 Rashelle Drive, a 31,780-square-foot, purpose-built medical facility anchored by Blue Cloud Pediatric Surgery Centers, the nation’s largest operator of pediatric dental ambulatory surgery centers. The property is located in Flint, Michigan, serving Genesee County and the surrounding region, with access to major hospital systems, specialty physician practices, and sustained outpatient procedure demand. At an offering basis of approximately $235 per square foot, the asset is positioned significantly below national averages for comparable ASC-anchored medical properties, providing attractive downside protection and long-term value support.
Blue Cloud has recently attracted significant institutional backing, with Great Hill Partners acquiring a majority stake in 2025. Great Hill manages approximately $19 billion in assets, signaling strong conviction in the long-term scalability and consolidation potential of the pediatric dental ASC sector.
The first floor is occupied by Blue Cloud, which contributes approximately 77% of the property’s rental income under a long-term lease with ~9 years remaining. In 2024, Blue Cloud assumed long-term operations of the Center as part of a strategic regional expansion initiative, underscoring the facility’s mission-critical importance, referral stability, and sustained case volume demand. The remaining 23% of the rent roll is comprised of a personally guaranteed practice further enhancing the overall credit profile of the asset. Leases are NNN with annual escalations, and in-place rents remain below current market levels, offering meaningful upside.