Net Lease V Michigan

The Boulder Group sells ATI Physical Therapy in Ann Arbor

  

The Boulder Group completed the sale of a single-tenant ATI Physical Therapy at 4765 Jackson Road in Ann Arbor, Michigan, for $2.44 million.

The 8,200-square-foot property is positioned along Jackson Road just west of the University of Michigan, considered one of the foremost research universities in the United States. The property is situated in a strong retail corridor with interchangeable access to Interstate-94.

Retailers located in the area include Lowe’s Home Improvement, Meijer, CVS Pharmacy, Sherwin-Williams and a number of national banks and quick service restaurants. The average household income within a one-mile radius of the property is in excess of $155,000 annually.

Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction; a Midwest private partnership. The purchaser was also a Midwest private partnership.