- 97.2%+ Leased to a Variety of Synergistic Tenants
- 30.6% Leased to Ascension Health, Moody’s (Aa2)
- 7.4% Leased to Trinity Health (Moody’s Aa3)
- Strategically Positioned in a Densely Populated, Affluent Suburb
- Located in a Flourishing Retail Corridor
- Diverse, Synergistic Tenant Mix
- Appealing Age Trends Drive Demand for Healthcare
CBRE U.S. Healthcare Capital Markets is pleased to exclusively offer the opportunity to acquire the Mission Health Medical Center (the “Property”), located in Livonia, Michigan, an affluent suburb northwest of Detroit. The Property is an attractive, off-campus medical office building that was constructed in 1985 and is currently 97.2% leased to a variety of medical tenants, including 38% leased to two investment grade credit catholic health systems – Ascension Health and Trinity Health.
The Property is 30.6% leased to Ascension Health, the largest non-profit health system in the U.S. and the world’s largest Catholic health system. Ascension Health currently maintains investment grade credit ratings by Moody’s (Aa2), Fitch Ratings (AA+) and Standard and Poor’s (AA+) for its Series 2017 bond offering. Ascension Health operates 15 hospitals and hundreds of related health care facilities in Michigan, employing about 26,000 associates. In addition, the Property is 7.4% leased to Trinity Health (Moody’s Aa3), one of the largest multi-institutional Catholic healthcare delivery systems in the nation that serves people and communities in 22 states from coast to coast with 94 hospitals and 109 continuing care locations. Trinity Health employs more than 133,000 colleagues, including 7,500 employed physicians and clinicians.
The Property is a multi-specialty medical office building that caters to a wide variety of specialized healthcare needs and provides services to a large patient base located in the surrounding, sprawling suburban area. Fortified by its diverse tenant makeup, prominent healthcare provider anchor tenancy and ideal location, the Property presents investors with an ideal opportunity to acquire a stabilized asset in a thriving metropolitan region.
CBRE U.S. HEALTHCARE CAPITAL MARKETS
+1 303 583 2033
+1 303 628 1711
+1 404 504 5965
+1 303 628 1745
MI Lic. 6501355289
LOCAL MARKET CONTACT
+1 248 936 6820
MI Lic. 6502402171
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