5715 Venoy Rd Westland, MI 48185-2830
- Medical offices
- 9,576 SF
- 2.51 lot acres
Current Use by Public Records
- Nephrology Hypertension Clinic PC / Medical Clinic / Nephrologist
- DaVita Garden West Dialysis / Dialysis Center / Local Medical Services
- Dr. Chilakapati Kumar / Nephrologist
- Dr. Fadi Abuhmaid / Internist / Practitioner Service Location
- JEFFREY MICHAEL GUTMAN / Nephrologist
Property Details for 5715 Venoy Rd
- Year built
- 1996
- Lot size
- 2.51 lot acres
- Property size
- 9,576 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 56 038 01 0010 301
- APU
- 56038010010301
Description
This exceptional investment opportunity presents a single-story, 9,576 square foot Class B medical office building situated on a 2.51-acre lot in Westland, Michigan. The property, built in 1996 and renovated in 2001, is currently 100% occupied by DaVita, the nation's largest dialysis provider, under a long-term NNN lease with over 10 years remaining and options for renewal. The building features ample parking and is strategically located off Ford Road, near major thoroughfares, dealerships, and other retail amenities. The property boasts a 6.50% cap rate and a price per square foot of land value at $417.19. The Wayne County location, with its high demand for dialysis services, ensures consistent rental income and a stable investment. The zoning is CB-3. The APN is 56038010010301. This is a low-maintenance, high-return investment ideal for passive income seekers. The property's long-term tenant and the stability of the healthcare industry contribute to its strong investment potential. The asking price is $3,731,215.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Westland
- County
- Wayne
- State
- Michigan
- Longitude
- -83.3658
- Latitude
- 42.3262
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
