Meritain Health is a independent subsidiary of Aetna and one of the worlds largest administrators of health benefits. Aetna is A+ rated by Standard and Poor's whom also gave a positive outlook on senior debt and finical strength. Meritain processes claims and operates a call center from the Okemos Michigan location. Meritain was purchased by Aetna in 2011 and signed a new lease for this location in that year. With the Okemos location's close proximity to Michigan State University, strong talent pool and manageable cost to operate, the location is well positioned to be part of the system for the long term. With 3 years left in its initial term and two, five year renewal options, the lease is currently booked at or below market rates and term increases should offer the tenant good value while increasing the rate of return to the investor. The building is directly leased to Aetna Insurance. Contact broker for full offering memorandum.
Okemos MI is in close proximity to Michigan State University and home to many firms that rely on the University for quality, educated employees. The Science Parkway subdivision is zoned "Research Park" and is suitable for numerous uses that are complimentary to the proximity to the university. - Number of buildings: 2 - Class of space: Class B - Tenancy: Single Tenant
|25 Mb/s: Comcast|
|3 Mb/s: AT&T Michigan|
|3 Mb/s: ACD.net|
|768 kbps: Iserv|
|1.5 Mb/s: Cavalier Telephone|
Median rate is a number derived from the median rate of listings posted on 42floors and reports from thought leaders in the area.