Marcus & Millichap Inc.
09/04/2024 | Press release | Distributed by Public on 09/05/2024 11:30
Marcus & Millichap Facilitates Sale of 17,333 Square Foot McLaren Medical Office in Michigan
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Marcus & Millichap Facilitates Sale of 17,333-Square-Foot McLaren Medical Office in Michigan
September 04, 2024
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CLINTON TOWNSHIP, Mich., Sept. 4, 2024 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of McLaren Macomb-Gratiot Medical Building, a 17,333-square-foot medical office property in Clinton Township, Michigan. The property sold for $3,538,000.
Seth Haron, Ashish Vakhariya and Darin Gross, investment specialists in Marcus & Millichap's Detroit office, had the exclusive listing to market the property on behalf of the seller, Platform Ventures, LLC, and procured the buyer, Nova Sky Investments, LLC.
"The property was fully leased by McLaren Macomb, a subsidiary of the highly regarded McLaren Health Care Corporation," said Haron, first vice president investments with the National Healthcare Real Estate Group. "The multi-specialty clinic serves as a hub for McLaren's robust residency program and is synergistically located near the affiliated 288-bed McLaren Macomb Hospital. The strong tenant profile as well as the location of the asset drove strong investor interest. We ended up closing the deal after receiving numerous offers with a Michigan based investment firm in 67 days."
Seth Haron, Ashish Vakhariya and Darin Gross, investment specialists in Marcus & Millichap's Detroit office, had the exclusive listing to market the property on behalf of the seller, Platform Ventures, LLC, and procured the buyer, Nova Sky Investments, LLC.
"The property was fully leased by McLaren Macomb, a subsidiary of the highly regarded McLaren Health Care Corporation," said Haron, first vice president investments with the National Healthcare Real Estate Group. "The multi-specialty clinic serves as a hub for McLaren's robust residency program and is synergistically located near the affiliated 288-bed McLaren Macomb Hospital. The strong tenant profile as well as the location of the asset drove strong investor interest. We ended up closing the deal after receiving numerous offers with a Michigan based investment firm in 67 days."
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.