422 Ctr St Northville, MI 48167-1224

This exceptional investment opportunity presents a portfolio of two Class A medical office buildings totaling 18,300 square feet, strategically located in the thriving communities of Northville and South Lyon, Michigan. The portfolio boasts a strong 94% occupancy rate, generating a substantial net operating income (NOI) of $254,835 and an attractive 8.22% capitalization rate. One building, situated at 422 N Center St in Northville, is a single-tenant, stabilized property fully occupied by a strong regional medical office operator. This building offers excellent visibility with road-front signage and benefits from its location in a highly desirable area of Michigan, close to Ascension Providence Hospital - Novi. The second building, located at 12660 10 Mile Rd in South Lyon, is a multi-tenant property with 80% occupancy, featuring two national healthcare providers as tenants. This newer construction building is impeccably maintained and enjoys high-end curb appeal and prominent road-front signage. It also benefits from its proximity to major hospitals within a 15-mile radius. The portfolio includes a total of 58 parking spaces and sits on approximately 1.22 acres of land. Both buildings are two stories and feature a mix of square footage ranging from 4,500 to 13,800 square feet. Leases are NNN, with a current lease commencement date of December 2, 2021, and expiration date of December 2, 2026, leaving a remaining lease term of two years. The permitted zoning is OS