Investment Opportunity

Office for Sale
Catylist Listing ID: 30678233
Property Subtypes: High-Tech, Flex Space
Building Size (RSF): 33,000 SF
Gross Land Area: 2.25 Acres
Sale Price: $5,775,000
Unit Price: $175 PSF
Ceiling: 28 ft.
Property Use Type: Investment
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/12/2021

Overview / Comments

Fully leased Investment property with a First Class office/flex space building with an unbelievable location.

Two tenant building with one Tenant's lease up in August of 2024 and the other in April 2026. First class tenants with one of the nicest flex buildings in Grand Rapids.

Amazing modern finishes with glass and cutting edge appeal.

6.6% CAP RATE

Financials

Finance Data Year 2010
Real Estate Taxes - Annual($) $0 (Annual)

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: 36th/44th St Corridor
Taxing Authority: City of Wyoming
Tax ID/APN: 41-17-34-476-012
Zoning: I3
Airports: Gerald R Ford International
Site Description: LL in LO
Area Description: DIRECTIONS: US 131 to 54th Street. West to Gezon Parkway. South on Crossroads Commerce.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 2005
Construction/Siding: Concrete
Parking Type: Surface
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,540 75,938 178,528
Median Age: 34.55 35.82 35.42
Households: 1,592 28,895 68,162

Contact

Photograph of Listing Agent

Kurt Kunst, CCIM, SIOR

NAI Wisinski of West Michigan CARWM Member
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