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2356 Science Pkwy

Meridian Charter Township, MI
Total Size
25,819 sqft
Year Constructed
Year Renovated
Building Class
Class B

About 2356 Science Pkwy

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

Internet Providers for 2356 Science Pkwy

Provider Technology Max Download Speed Max Upload Speed
Comcast Cable
1 Gb/s
25 Mb/s
AT&T Michigan DSL
25 Mb/s
3 Mb/s DSL
25 Mb/s
3 Mb/s
Iserv DSL
10 Mb/s
768 kbps
Cavalier Telephone DSL
10 Mb/s
1.5 Mb/s

The City: Okemos

On average, listings lease in the $10's per square foot per year. The Okemos submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 6% decline in rent.

Median Rate Median Size
Okemos $20

Median Rate over Time in Okemos