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6309 Mack Ave
Detroit, MI 48207
Premier Medical SLB 15 yr Lease Term · Office Property For Sale
EXECUTIVE SUMMARY
Seller will sign a 15 year Lease at closing at $20 sf NNN yrs 1-5, 15% increase yr 6-10, 15% increase yr 11-15 of the Lease with no Landlord obligations.
Since 2002, Team Wellness Center has been providing exceptional services and care to adults with severe and chronic mental illness in Southeast Michigan. Team Wellness Center is dedicated to enhancing the wellbeing of individuals by providing an array of comprehensive behavioral and physical health services in an environment that promotes quality of life, continuous improvement, social awareness, and healing. Since then, we have expanded our services to include substance use, primary care, child/adolescent, and dental services to meet the growing needs of the community. Team Wellness Center is dedicated to enhancing the wellbeing of individuals by providing an array of comprehensive behavioral and physical health services in an environment that promotes quality of life, continuous improvement, social awareness, and healing.
The subject property is well positioned to the East Detroit to serve the community of need of medical services. The location offers full medical services, private parking with a rare modern facilities to the community.
Team Wellness is the largest mental health care provider in Wayne County and one of the largest for profit mental health care providers in the Midwest providing extensive programs providing services mental health for all ages, dental, diet and exercise counseling, integrated primary care services and supporting services to over 4,000 patients weekly.
With the redevelopment of Detroit comes a younger generation that are working in the city and baby boomers that want to be part of the rebirth and desire to live there. With these improvements there still remains a need for quality medical services.
Team Wellness has invested in New HVAC Units, Roof and updates throughout facility. This property has land for redevelopment and expansion of the building.
Note this can be a portfolio sale of another medical building at 2851 Russell Detroit 48,940 sf with Team Wellness
Since 2002, Team Wellness Center has been providing exceptional services and care to adults with severe and chronic mental illness in Southeast Michigan. Team Wellness Center is dedicated to enhancing the wellbeing of individuals by providing an array of comprehensive behavioral and physical health services in an environment that promotes quality of life, continuous improvement, social awareness, and healing. Since then, we have expanded our services to include substance use, primary care, child/adolescent, and dental services to meet the growing needs of the community. Team Wellness Center is dedicated to enhancing the wellbeing of individuals by providing an array of comprehensive behavioral and physical health services in an environment that promotes quality of life, continuous improvement, social awareness, and healing.
The subject property is well positioned to the East Detroit to serve the community of need of medical services. The location offers full medical services, private parking with a rare modern facilities to the community.
Team Wellness is the largest mental health care provider in Wayne County and one of the largest for profit mental health care providers in the Midwest providing extensive programs providing services mental health for all ages, dental, diet and exercise counseling, integrated primary care services and supporting services to over 4,000 patients weekly.
With the redevelopment of Detroit comes a younger generation that are working in the city and baby boomers that want to be part of the rebirth and desire to live there. With these improvements there still remains a need for quality medical services.
Team Wellness has invested in New HVAC Units, Roof and updates throughout facility. This property has land for redevelopment and expansion of the building.
Note this can be a portfolio sale of another medical building at 2851 Russell Detroit 48,940 sf with Team Wellness
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Office
Property Subtype
Medical
Building Size
61,622 SF
Building Class
C
Year Built
1940
Price
$19,963,527 CAD
Price Per SF
$323.97 CAD
Cap Rate
8.50%
NOI
$1,696,934 CAD
Tenancy
Single
Building Height
4 Stories
Typical Floor Size
15,406 SF
Building FAR
2.03
Lot Size
0.70 AC
Opportunity Zone
Yes
Zoning
B2 - Commercial/Medical
Parking
24 Spaces (0.39 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $995,629 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$995,629 CAD
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