the lung center and bronson sleep lab · 2020. 2. 20. · bronson healthcare system serves patients...

THE LUNG CENTER AND BRONSON SLEEP LAB

Presented by: Silvana C Graf

5161 B Dr S • Battle Creek, MI 49015

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THE LUNG CENTER AND BRONSON

SLEEP LAB

Battle Creek, MI

ACT ID Z0290863

N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E

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corporation's logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or

subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information

about this listing to prospective customers.

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PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

DisclaimerTHIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS OF VALUE AND SHOULD NOT BE CONSIDERED AN APPRAISAL. This information has

been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References

to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus &

Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.

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P R E S E N T E D B Y

Silvana C Graf

Associate

Member - Healthcare Real Estate Group

Detroit Office

Tel: (248) 415-2622 Cell: (734) 276-6502

Fax: (248) 415-2610

[email protected]

License: MI 6501391492

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TABLE OF CONTENTS

SECTION

INVESTMENT OVERVIEW 01Property Overview

Regional Map

Local Map

Aerial Photo

Floor Plan

Site Plan

FINANCIAL ANALYSIS 02

Tenant Summary

Lease Expiration Summary

Operating Statement

Notes

Pricing Detail

Proposal Price


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INVESTMENT

OVERVIEW

PROPERTY OVERVIEW


PROPERTY OVERVIEW

Beautiful built-to-suit state of the art Sleep Lab and Lung Center. 100% leased. The Lung Center doctor owner is willing to stay for at least 3 years. Bronson Health Group has

been leasing since the building was built in 2011. Bronson At Home, a subsidiary of Bronson, providing Sleep and Respiratory Equipment has also been a Tenant since the

start. Bronson is rated A2 by Moody's.

Sleep laboratories require very specific building characteristics. Sleep Centers are becoming more and more relevant as awareness of the severe negative impact on health of

sleep disorders increases. All Operating Expenses are reimbursed by the Tenants.

This medical building has ample parking (4.5/1000 SF) and a generator onsite. Offered below replacement cost to an investor or user-owner. This building could also become

a great Adult Supervised Facility or Eating Disorder Clinic.

PROPERTY OVERVIEW

▪ Built-to-suit State of the Art Sleep Lab and Lung Center

▪ Credit Subtenant: Bronson Health in 42% of the building

▪ Successful Lung Center Practice

▪ Easy access from I-94

▪ Generator on site

▪ Beautiful Architecture, Relaxing Setting, ideal for Sleep Center or Adult

Supervised Facility

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REGIONAL MAP


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AERIAL PHOTO


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PROPERTY PHOTO


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Marcus & Millichap closes

more transactions than any

other brokerage firm.

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PROPERTY PHOTO

FLOOR PLANS


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SITE PLAN


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FINANCIAL

ANALYSIS

FINANCIAL ANALYSIS


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TENANT SUMMARY

The Lung Center Owner prefers to stay only until 7/31/2023 in exchange for a discount on the current price.

FINANCIAL ANALYSIS


OPERATING STATEMENT

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FINANCIAL ANALYSIS


PRICING DETAIL

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TENANT PROFILE


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Bronson Health Group

General Information

Tenant Name Bronson Health Group

Website https://www.bronsonhealth.com/

Parent Company Bronson Health Group

Headquartered Kalamazoo, Michigan

Rentable Square Feet 5,666 SF

Percentage of RBA 36.91%

Lease Commencement 7/1/2016

Lease Expiration 6/30/2021

No. of Locations 21

Bronson healthcare system serves patients and families throughout southwest

Michigan and northern Indiana. They have 21 locations,120 physicians and cover 24

specialty areas. Offering a full range of services from primary care to advanced

critical care. Bronson Methodist Hospital in Kalamazoo, Michigan is rated " High

Performing" in 9 adult procedures and conditions by US News. With a workforce of

more than 9,000, Bronson is one of the area's largest employers.

The Lung Center

General Information

Tenant Name The Lung Center

Website http://www.lungcenterandsleepclinic.com/

Headquartered Battle Creek, Michigan

Rentable Square Feet 8,723 SF




For more than 20 years, the Lung Center and Sleep Clinic in Battle Creek, MI, has

offered pulmonary and sleep medicine. The center has an excellent staff with a

combined 20 years of experience.

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TENANT PROFILE


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Bronson At Home

General Information

Tenant Name Bronson At Home

Websitehttps://www.bronsonhealth.com/locations/locations-profile/?id=583

Parent Company Bronson Health Group

Headquartered Kalmazoo, Michigan

Rentable Square Feet 963 SF




www.MarcusMillichap.com

Silvana C Graf

Associate

Member - Healthcare Real Estate Group

Detroit Office

Tel: (248) 415-2622 Mobile: (734) 276-6502

Fax: (248) 415-2610

[email protected]

License: MI 6501391492

P R E S E N T E D B Y

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the lung center and bronson sleep lab · 2020. 2. 20. · bronson healthcare system serves patients...

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