Property Listing No Longer Available for Sale

5085 Anna Drive, Traverse City, MI

Office for Sale - $1,695,000 - 12,000 Sq. Ft. on 2.59 acres


Property Info

CIMLS#984495
Location
  5085 Anna Drive
  Traverse City MI 49684
UpdatedAugust 10th, 2018
TypeOffice
Price$1,695,000
Building12,000 Sq. Ft.
Land2.59 acres

Property Description

Medical Office Building for sale in medical community by Munson Hospital. Lower level is 5400 SF of finished space and is leased to Munson Hospital. Main level has 6544 SF with 10+ exam rooms, waiting area, reception desk, lab area, file room, kitchen & break room. Existing practice in this space would vacate entire floor, or lease back 1/2 the floor on long term lease leaving many options for potential buyer. Building would be around 6% cap at closing and close to 10% cap rate when fully leased.


Financials


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