CrownPoint Partners Completes $9.2 Million Dental Portfolio Sale-Leaseback in Michigan
CrownPoint Partners has completed the sale-leaseback of a five-property dental portfolio across Michigan for $9.2 million. The properties, totaling 35,212 square feet and located in Lansing, Charlotte, Adrian, Saint Joseph, and Jackson, are leased under new 15-year absolute net leases with annual rent increases of 2%. This transaction was executed efficiently over a period of just 42 days. The portfolio is situated along key healthcare and retail corridors serving more than 1.6 million residents in the region, benefiting from proximity to major transportation routes like I-94, I-96, I-69, US-127, and US-31. The deal reinforces CrownPoint Partners' expertise in dental and healthcare-focused sale-leaseback transactions. Julius Swolsky of CrownPoint noted the growing demand for structured healthcare real estate investments and highlighted the firm's ability to coordinate complex multi-market deals efficiently.
Topics: dental properties healthcare real estate net lease real estate