Property details

Henry Ford OptimEyes

Investment type

Net Lease

Asset Class

Medical

Ownership Structure

Tenancy-In-Common (TIC)

Year Acquired

2018

Investment Summary

The property consists of a one-story, 17,330 square foot medical/retail facility that is leased to Henry Ford Henry Ford Health System in Sterling Heights, Michigan.

Situated on a 1.86-acre parcel, the property was originally constructed in 1979 but underwent an extensive renovation in 2002 and again in 2014 which included a redesign of the interior to specifications requested by Henry Ford Health System.

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

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