2675 44th Street SW

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30045433
Property Subtypes: Office Building
Building Size (RSF): 15,756 SF
Gross Building Area: See Agent
Gross Land Area: 1.28 Acres
Sale Price: $1,350,000
Unit Price: $85.68 PSF
Ceiling: 10 ft.
Property Use Type: Investment
Class of Space: Class B
Core Factor: 15%
Sale Terms: Cash to Seller
Cap Rate: 9.25%
Average Occupancy Rate: 100
Last Updated: 9/24/2017

Overview / Comments

Building for sale or lease. Possible carry and redevelop. Quiet wooded setting near River Town Mall with easy access to freeways. 100% leased. 9.25% cap on in place income and expenses.

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: Rivertown Corridor
Taxing Authority: City of Wyoming
Tax ID/APN: 41-17-21-451-034
Zoning: OFFICE
Property Visibility: Good
Area Description: DIRECTIONS: I-196 to 44th St exit - East past Ivanrest
Number of Stories: 3
Typical SF / Floor: 5,000 SF
Year Built: 1974
Roof Type: Flat
Construction/Siding: Wood Frame, Wood Siding
Parking Type: Surface
Passenger Elevators: 1
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,998 79,019 217,845
Median Age: 35.02 34.09 33.62
Households: 6,493 29,828 79,827

Contact

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