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INVESTMENT HIGHLIGHTS
- Three-building offering totaling ± 43,700 square feet along Jolly Road in Okemos, MI.
- Home to Memorial Healthcare’s Neuroscience Center, a leading regional medical provider that has invested in three custom buildouts/renovations.
- Premier Tenancy | New Parking Lot and Roofs.
- Prime Location - Easy access to I-96, US-127, and Grand River Avenue; minutes from Michigan State University and Downtown East Lansing.
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to exclusively offer The Woodlake Portfolio; a rare opportunity to acquire a three building portfolio in the highly desirable Okemos submarket of Greater Lansing, Michigan. Strategically located along Jolly Road with excellent visibility and convenient access to I-96, US-127, and the major East Lansing/ Okemos retail corridor, the properties offer stable tenancy, strong demographics, and long-term growth potential. With proximity to Michigan State University, downtown Lansing, and the region’s leading healthcare and technology employers, this portfolio is well-positioned to deliver reliable cash flow and value appreciation.
These buildings collectively provide an attractive mix of office and flex space, appealing to a wide range of professional, medical, and service-oriented tenants. The Okemos market benefits from one of the highest household incomes in the Lansing MSA, strong population density, and consistent demand from both regional and national tenants. This portfolio provides investors the ability to acquire immediate in-place income and long-term tenancy.
A key anchor within the portfolio is Memorial Healthcare’s nationally recognized Neuroscience Center, which has demonstrated its long-term commitment to the location by completing three major buildouts and renovations within the building. Their investment in these facilities underscores both the quality of the asset and the strategic value of this corridor for attracting and retaining top-tier healthcare providers. With a mix of professional office, medical, and flex tenants, this portfolio delivers immediate cash flow with further upside through lease-up and continued rent growth in one of Lansing’s most supply-constrained and demographically strong markets.
These buildings collectively provide an attractive mix of office and flex space, appealing to a wide range of professional, medical, and service-oriented tenants. The Okemos market benefits from one of the highest household incomes in the Lansing MSA, strong population density, and consistent demand from both regional and national tenants. This portfolio provides investors the ability to acquire immediate in-place income and long-term tenancy.
A key anchor within the portfolio is Memorial Healthcare’s nationally recognized Neuroscience Center, which has demonstrated its long-term commitment to the location by completing three major buildouts and renovations within the building. Their investment in these facilities underscores both the quality of the asset and the strategic value of this corridor for attracting and retaining top-tier healthcare providers. With a mix of professional office, medical, and flex tenants, this portfolio delivers immediate cash flow with further upside through lease-up and continued rent growth in one of Lansing’s most supply-constrained and demographically strong markets.
PROPERTY FACTS
| Price | $7,042,417 CAD | Status | Active |
| Price / SF | $160.71 CAD / SF | Number of Properties | 3 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 8.51% | Total Building Size | 43,820 SF |
| Sale Type | Investment | Total Land Area | 4.40 AC |
| Price | $7,042,417 CAD |
| Price / SF | $160.71 CAD / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 8.51% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 43,820 SF |
| Total Land Area | 4.40 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 2525 Jolly Rd, Okemos, MI 48864 | Office | 14,666 SF | 1999 | - |
| 2501 Jolly Rd, Okemos, MI 48864 | Office | 14,595 SF | 1999 | - |
| 2549 Jolly Rd, Okemos, MI 48864 | Office | 14,559 SF | 2000 | - |
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