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4170 Cedar Bluff Dr
Petoskey, MI 49770

$5,275,846 USD

Office For Sale  •  22,432 SF

Property Details

  • Property Type Office
  • Total Building Size 19,200 SF
  • Lot Size 1.12 AC
  • Building Class B
  • Year Built 2015
  • Cap Rate 7.50 %
  • Tenancy Single
20 Walk Score

Highlights

NNN Lease with 150+ Unit National Operator and 7.50% Cap Rate with 2% Annual Increases
Purpose-Built 19,200 SF Medical Facility Constructed in 2015 for Dermatology Operations
Advanced Dermatology & Cosmetic Surgery Backed by $20 Billion Private Equity Firm
Located in One of Only 13 'Pure Luxury' Markets in the United States Alongside Nantucket
Recently Renewed NNN Lease Demonstrating Long-Term Tenant Commitment
Established Regional Medical Corridor in Rapidly Appreciating Northern Michigan Market
Cap Rate: 7.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Advanced Dermatology, P.C.
Remi Bogdanovich 818-510-3158 Matthews Real Estate Investment Services
Remi Bogdanovich 818-510-3158 Matthews Real Estate Investment Services