Property details

Henry Ford OptimEyes

Investment type

Net Lease

Asset Class

Medical

Ownership Structure

Tenancy-In-Common (TIC)

Year Acquired

2016

Investment Summary

The property consists of a one-story, 20,514 square foot medical/retail facility that is leased to Henry Ford OptimEyes in Southfield, Michigan.

Constructed in 2015, the property was a build-to-suit for Henry Ford OptimEyes and is situated on a 2.77-acre parcel at the intersection of Southfield Road and Edwards Avenue, one block north of 12 Mile Road. Southfield Road is one of the primary commercial corridors servicing the area.

Henry Ford Health System is a comprehensive, integrated, non-profit healthcare organization that consists of five hospitals, 30 general medical centers, seven specialized medical facilities, and 20 OptimEyes locations across Michigan.

Syndicated structured its acquisition as a Tenancy-in-Common (TIC) to accommodate investors completing a Section 1031 Exchange.