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THE LUNG CENTER AND BRONSON SLEEP LAB
Presented by: Silvana C Graf
5161 B Dr S • Battle Creek, MI 49015
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THE LUNG CENTER AND BRONSON
SLEEP LAB
Battle Creek, MI
ACT ID Z0290863
N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E
Non-EndorsementsMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any
corporation's logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or
subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information
about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.
PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
DisclaimerTHIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS OF VALUE AND SHOULD NOT BE CONSIDERED AN APPRAISAL. This information has
been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References
to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus &
Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.
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P R E S E N T E D B Y
Silvana C Graf
Associate
Member - Healthcare Real Estate Group
Detroit Office
Tel: (248) 415-2622 Cell: (734) 276-6502
Fax: (248) 415-2610
License: MI 6501391492
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TABLE OF CONTENTS
SECTION
INVESTMENT OVERVIEW 01Property Overview
Regional Map
Local Map
Aerial Photo
Floor Plan
Site Plan
FINANCIAL ANALYSIS 02
Tenant Summary
Lease Expiration Summary
Operating Statement
Notes
Pricing Detail
Proposal Price
THE LUNG CENTER AND BRONSON SLEEP LAB
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THE LUNG CENTER AND BRONSON SLEEP LAB
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INVESTMENT
OVERVIEW
PROPERTY OVERVIEW
THE LUNG CENTER AND BRONSON SLEEP LAB
PROPERTY OVERVIEW
Beautiful built-to-suit state of the art Sleep Lab and Lung Center. 100% leased. The Lung Center doctor owner is willing to stay for at least 3 years. Bronson Health Group has
been leasing since the building was built in 2011. Bronson At Home, a subsidiary of Bronson, providing Sleep and Respiratory Equipment has also been a Tenant since the
start. Bronson is rated A2 by Moody's.
Sleep laboratories require very specific building characteristics. Sleep Centers are becoming more and more relevant as awareness of the severe negative impact on health of
sleep disorders increases. All Operating Expenses are reimbursed by the Tenants.
This medical building has ample parking (4.5/1000 SF) and a generator onsite. Offered below replacement cost to an investor or user-owner. This building could also become
a great Adult Supervised Facility or Eating Disorder Clinic.
PROPERTY OVERVIEW
▪ Built-to-suit State of the Art Sleep Lab and Lung Center
▪ Credit Subtenant: Bronson Health in 42% of the building
▪ Successful Lung Center Practice
▪ Easy access from I-94
▪ Generator on site
▪ Beautiful Architecture, Relaxing Setting, ideal for Sleep Center or Adult
Supervised Facility
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REGIONAL MAP
THE LUNG CENTER AND BRONSON SLEEP LAB
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AERIAL PHOTO
THE LUNG CENTER AND BRONSON SLEEP LAB
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PROPERTY PHOTO
THE LUNG CENTER AND BRONSON SLEEP LAB
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Marcus & Millichap closes
more transactions than any
other brokerage firm.
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THE LUNG CENTER AND BRONSON SLEEP LAB
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PROPERTY PHOTO
FLOOR PLANS
THE LUNG CENTER AND BRONSON SLEEP LAB
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SITE PLAN
THE LUNG CENTER AND BRONSON SLEEP LAB
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THE LUNG CENTER AND BRONSON SLEEP LAB
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FINANCIAL
ANALYSIS
FINANCIAL ANALYSIS
THE LUNG CENTER AND BRONSON SLEEP LAB
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TENANT SUMMARY
The Lung Center Owner prefers to stay only until 7/31/2023 in exchange for a discount on the current price.
FINANCIAL ANALYSIS
THE LUNG CENTER AND BRONSON SLEEP LAB
OPERATING STATEMENT
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FINANCIAL ANALYSIS
THE LUNG CENTER AND BRONSON SLEEP LAB
PRICING DETAIL
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TENANT PROFILE
THE LUNG CENTER AND BRONSON SLEEP LAB
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Bronson Health Group
General Information
Tenant Name Bronson Health Group
Website https://www.bronsonhealth.com/
Parent Company Bronson Health Group
Headquartered Kalamazoo, Michigan
Rentable Square Feet 5,666 SF
Percentage of RBA 36.91%
Lease Commencement 7/1/2016
Lease Expiration 6/30/2021
No. of Locations 21
Bronson healthcare system serves patients and families throughout southwest
Michigan and northern Indiana. They have 21 locations,120 physicians and cover 24
specialty areas. Offering a full range of services from primary care to advanced
critical care. Bronson Methodist Hospital in Kalamazoo, Michigan is rated " High
Performing" in 9 adult procedures and conditions by US News. With a workforce of
more than 9,000, Bronson is one of the area's largest employers.
The Lung Center
General Information
Tenant Name The Lung Center
Website http://www.lungcenterandsleepclinic.com/
Headquartered Battle Creek, Michigan
Rentable Square Feet 8,723 SF
Percentage of RBA 56.82%
Lease Commencement 1/1/2020
Lease Expiration 1/31/2025
For more than 20 years, the Lung Center and Sleep Clinic in Battle Creek, MI, has
offered pulmonary and sleep medicine. The center has an excellent staff with a
combined 20 years of experience.
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TENANT PROFILE
THE LUNG CENTER AND BRONSON SLEEP LAB
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Bronson At Home
General Information
Tenant Name Bronson At Home
Websitehttps://www.bronsonhealth.com/locations/locations-profile/?id=583
Parent Company Bronson Health Group
Headquartered Kalmazoo, Michigan
Rentable Square Feet 963 SF
Percentage of RBA 6.27%
Lease Commencement 7/1/2016
Lease Expiration 6/30/2021
www.MarcusMillichap.com
Silvana C Graf
Associate
Member - Healthcare Real Estate Group
Detroit Office
Tel: (248) 415-2622 Mobile: (734) 276-6502
Fax: (248) 415-2610
License: MI 6501391492
P R E S E N T E D B Y
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