5087 N Royal Drive, Traverse City, MI 49684

Property Description

Fantastic medical office investment, leased to Munson Medical Center on 10-year lease which goes through August 31, 2031. Space is 4,481 SF of medical office in 2 unit condominium building. Each unit has a separate entrance and basement storage space. Munson Hospital is leasing this space for their Pulmonary and Critical Care office. Building offers great location in medical office park near the main hospital and has plenty of parking. Offered at 8.5% cap rate.