Six-Story Medical Office
For Sale
Contact for pricing
401 South Old Woodward Avenue, Birmingham, MI 48009
Purpose-built healthcare facility with a single-tenant occupancy and an absolute NNN lease structure.
Property Size145,000 SF
Days on Market10
Property Features for 401 South Old Woodward Avenue
General Information
Standard status
Active
Size
145,000 SF
Class
B
Property subtype
Office
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Building Details
Year Built
2020
Buildings
1
Stories
6
Tenancy
Single
Building Size
145,000 SF
Listing Agency:
The Jonna Group at Colliers International
Listed By:
Simon Jonna · License #MI 6501357188
(248) 226-1610
Source:
Crexi
Added: Aug 25
Changed: Sep 2
Last Checked: Sep 2 at 1:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Jonna Group at Colliers International
Investment Insights
Based on property information with market context.
This purpose-built medical office property contains approximately 145,065 square feet across six stories and was completed in 2020. The facility is occupied by Henry Ford Health System under an absolute NNN lease, with the tenant responsible for operating expenses, taxes, and insurance. The lease includes 1.91% annual rent escalations through March 2047, with 20.5 years remaining and three five-year renewal options.
The property is located at 401 South Old Woodward Avenue in Birmingham, Michigan. Its single-tenant configuration, modern construction, and dedicated healthcare use create a specialized medical office asset with a long-term occupancy arrangement.
The property is located at 401 South Old Woodward Avenue in Birmingham, Michigan. Its single-tenant configuration, modern construction, and dedicated healthcare use create a specialized medical office asset with a long-term occupancy arrangement.
Key Highlights
- 145,065‑square‑foot medical office building completed in 2020
- Six‑story, purpose‑built healthcare facility
- Single tenant: Henry Ford Health System
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,664
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48009, MI
21,817
Population
10,333
Households
2.1
Avg Household Size
43
Median Age
77%
College-Educated
99%
High-School Grad
5.0 sq mi
ZIP Area
4,363
Density / Sq Mi
$152,443
Median Household Income
$84,415
Median Earnings
$1,891
Median Rent
$712,000
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Purpose-built healthcare facility with a single-tenant occupancy and an absolute NNN lease structure.
Where is this medical office space located?
The property is located at 401 South Old Woodward Avenue Birmingham, MI.
What are key features of this property?
This property features: 145,065‑square‑foot medical office building completed in 2020; Six‑story, purpose‑built healthcare facility; Single tenant: Henry Ford Health System
