Michigan ASC property selling for nearly $3M — 3 notes

East Paris Surgical Center occupies a Grand Rapids, Mich.-based medical complex that was recently listed for nearly $3 million, according to real estate investment firm Marcus & Millichap.

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Three notes:

1. The 28,540-square-foot, fully leased East Paris Medical Plaza is selling for about $2.98 million. The surgical tenant has invested over $1 million into its suite. 

2. Services offered at the medical plaza, which is one of eight buildings in the East Paris Plaza Office Park, include ophthalmology and outpatient surgery.

3. A certificate of need comes with the property.

More articles on transactions/valuation:
How ASC acquisitions may change over the next year
New Jersey ASC achieves 15-minute procedure times
Oklahoma hospital expanding surgery center – 3 insights

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