Leased Medical Office
5375 Hampton Pl Saginaw, MI 48604
5375 Hampton Pl, Saginaw, MI, 48604
Contact for pricing
For Sale
Contact for pricing
Fully occupied medical office building leased on a double net structure, with tenant reimbursements for taxes, insurance, and CAM.
Property Size3,528 SF
Lot Size0.95 Acres
Price / SF$169.78
Days on Market104
Property Features for 5375 Hampton Pl
General Information
- Standard status
- Active
- Size
- 3,528 SF
- Lot size
- 0.95 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1999
Listing agency
Encore Real Estate Investment Services
(248) 702-0299
Listed by
Deno Bistolarides · License #6502378067
Source
Crexi
Added: Apr 10 Updated: Jul 22 at 7:17AM Checked: Jul 22 at 7:17AM
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 Encore Real Estate Investment Services
Investment Insights
Based on property information with market context.
This fully leased Henry Ford Health medical office investment is configured for an efficient medical office use and was constructed in 1999. The property totals 3,528 square feet and sits on approximately 0.95 acres, with ample parking. The current lease is structured as a double net (NN) agreement, with the tenant reimbursing taxes, insurance, and CAM, while the landlord is responsible for roof and structure.
The building is located in the heart of Saginaw, Michigan, within the Saginaw medical corridor. It is surrounded by major healthcare providers and institutional employers.
Henry Ford Health recently executed a new 5-year lease extension, supporting continued occupancy and near-term income stability.
The building is located in the heart of Saginaw, Michigan, within the Saginaw medical corridor. It is surrounded by major healthcare providers and institutional employers.
Henry Ford Health recently executed a new 5-year lease extension, supporting continued occupancy and near-term income stability.
Key Highlights
- 3,528 SF medical office building built in 1999 on approx. 0.95 acres
- 100% occupied with tenant Henry Ford Health on a double net (NN) lease
- Tenant recently executed a new 5‑year lease extension for continued occupancy
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.9k | $15.00 |
| − Vacancy | −$6.9k | −$1.95 |
| EGI | $46.0k | $13.05 |
| − OpEx | −$11.5k | −$3.26 |
| NOI | $34.5k | $9.79 |
3,528 SF · lease $15.00/SF/yr · vacancy 13.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$493.3K
$431.6K – $575.5K
NOI $34,530 @ 7.0% cap · market cap 5.76%
Second Best
Healthcare Medical
$381.5K
$333.8K – $445.0K
NOI $26,702 @ 7.0% cap · market cap 4.46%
Theoretical Best
Specialty Retail
$651.8K
$570.4K – $760.5K
NOI $45,628 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Jason E Denny, ...
Physician
Syed-Mohammed R Jafri, ...
Physician
Lisa L Allenspach, ...
Physician
Stuart C Gordon, ...
Physician
Reena J Salgia, ...
Physician
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FAQs
What type of property is this?
Medical Office Space - Fully occupied medical office building leased on a double net structure, with tenant reimbursements for taxes, insurance, and CAM.
Where is this medical office space located?
The property is located at 5375 Hampton Pl Saginaw, MI.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 3,528 SF medical office building built in 1999 on approx. 0.95 acres; 100% occupied with tenant Henry Ford Health on a double net (NN) lease; Tenant recently executed a new 5‑year lease extension for continued occupancy
