3516 Roger B Chaffee Memorial Dr SE

Industrial for Lease
Catylist Listing ID: 29729443
Property Subtypes: Manufacturing, Light Industrial
Contiguous Space: 1,600 - 38,950 SF
Total Available: 31,550 SF
Gross Building Area: 161,120 SF
Gross Land Area: 9.32 SF
Lease Rate: $2.85 - 6.95 PSF (Annual)
Base Monthly Rent: $926.67 - 9,250
Lease Types: NNN
Ceiling: 18 - 20 ft.
Docks/Doors: 5 Docks, 1 Door (Varies by space)
Office SF: 400 - 5,100 SF, ( Total)
Drive In Bays: 1 Bay (Varies by space)
Building Name: Grand Rapids Corporate Center
Last Updated: 8/18/2017

Overview / Comments

New owners, a Bloomfield Hills Michigan commercial real estate firm, plans its' second Grand Rapids acquisition. The company acquires underperforming properties in all asset classes then implements an intense, hands on rehabilitation program. They manage all their own properties so they can provide tenants with an unparalleled level of service. The business plan for the Grand Rapids Corporate Center includes a complete overhaul. The new owners have replaced the parking lot, repaired the roofs, re-painted all exteriors, added new landscaping & "white box" strategic suites so potential tenants can see what their suite would look like before signing a lease. They are offering aggressive rental rates at the inception of the rehabilitation & approach the property management with intense focus.

Expand All 4 Spaces Available

Suite: 3516 1,600 SF $6.95 PSF (Annual) NNN
Suite: 3580 4,000 SF $4.50 PSF (Annual) NNN
Suite: 3592 8,950 SF $2.85 PSF (Annual) NNN
Suite: 3592-3594 17,000 SF $2.85 PSF (Annual) NNN

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: 36th/44th St Corridor
Tax ID/APN: 41-18-18-476-006
Zoning: I-1
Side of Street: East
Road Type: Paved
Highway Access: US-131
Airports: Gerald R Ford
Tenancy: Multiple Tenants
Total Number of Buildings: 4
Number of Stories: 1
Property Condition: Good
Year Built: 1975
Year Renovated: 2016
Construction/Siding: Concrete - Tilt up
Parking Type: Surface
Parking Description: New parking being installed
Overhead Cranes: Undisclosed
Volts: 480
X-Phase: 3
Heat Type: Natural Gas
Zoning Description: Industrial
Water Service: Municipal
Sewer Type: Municipal, Storm

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,706 110,030 257,812
Median Age: 33.85 34.35 33.67
Households: 5,914 41,973 95,533


Photograph of Listing Agent

Trent Wieringa

Colliers International
CARWM Member
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