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

At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

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Is ambulatory care healthcare’s big margin engine? 5 leaders weigh in

Wednesday, July 29
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Presenters: Joe Ganley, athenahealthJeffrey Flynn, CASC, Gramercy Surgery CenterBryan Tsao, Access Center, Loma Linda University HealthJason Zepeda, Northridge Hospital Medical Center, CommonSpirit HealthGreg DeConciliis, PA-C, CASC, Boston Out­Patient Surgical Suites

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