Property details
Sterling Heights, Michigan
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.
