FULLY FURNISHED MAIN FLOOR OFFICE SUITE

Office for Lease
Also listed as Retail-Commercial
Catylist Listing ID: 30622923
Property Subtypes: Business Park, Office Building, General
Contiguous Space: 2,471 SF
Building Size (RSF): 99,000 SF
Gross Land Area: 1.30 Acres
Lease Rate: $14.71 PSF (Annual)
Base Monthly Rent: $3,029
Lease Types: Modified Gross
Ceiling: 18 ft.
Building Name: JOHN WIDDICOMB BLDG
Class of Space: Class B
Usable Size (USF): 2,149 SF
Core Factor: 15%
Last Updated: 9/23/2020

Overview / Comments

Score an easy-access first-floor office suite in one of the West Side's hottest addresses! This fully furnished and well-appointed suite provides casual seating, gathering spaces, a full kitchenette, and new workstations. The layout of the suite is perfect for a team that needs to spread out but still collaborate.

2,149 USF (2,471 RSF which includes a 15% core factor) has been built into the rent schedule:

Month 1 (September 2019) $0.00
Months 2-13 $2,954.88
Months 14-25 $3,028.75
Months 26-37 $3,104.47
Months 38-49 $3,182.08
Months 50-61 $3,261.63
Months 62-73 $3,343.17
Months 74-85 $3,426.75

Expand All Available Space

Suite: 100 2,471 SF $14.71 PSF (Annual) Modified Gross
Level/Floor: 1
Space Available: 2,471 SF
Lease Rate: $14.71 PSF (Annual)
$3,029 (Monthly)
Lease Type: Modified Gross
Space Description: Updated first floor office suite awaits! Fully furnished sublet opportunity includes a kitchenette with full-size refrigerator which was installed less than a year ago. Lease rate reflects the original lease. Tenant pays for their own Internet/phone, and the remaining utilities are rolled into one easy payment of $268.75 for the remainder of the initial lease term.

The tenant is willing to sub-lease the space fully furnished for a nominal furniture rental charge, or the sub-lessee may purchase the office contents. The original leads is in effect through mid-2026 with two renewal options. Tenant will entertain lease offers from month-to-month through assuming the remainder of the lease, which rates per square foot are lower than current market!
Space Subcategory: Office Building, Business Park
Date Available: 6/30/2020
Lease Term: 60 Months
Space Type: Sublet
Sublease Expiration Date: 8/31/2026
Conference Rooms: 1
Kitchen Yes
Parking Spaces 8
Rent Escalators Percentage Lease
Rent Escalators Description Period Monthly Base Rent: Month 1 (September 19’) $0.00 Months 2-13 $2,954.88 Months 14-25 $3,028.75 Months 26-37 $3,104.47 Months 38-49 $3,182.08 Months 50-61 $3,261.63 Months 62-73 $3,343.17 Months 74-85 $3,426.75
Rent Concession N/A

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: Northwest Business District
Taxing Authority: City of Grand Rapids
Tax ID/APN: 41-13-24-308-001
Zoning: I-1
Property Visibility: Good
Site Description: LL in LO.
Area Description: DIRECTIONS: BRIDGE ST TO SEWARD, N TO 5TH.
Total Number of Buildings: 1
Number of Stories: 5
Construction/Siding: Brick
Parking Description: 4 parking permits are included with this suite.
Passenger Elevators: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,521 127,343 265,509
Median Age: 28.56 31.83 33.39
Households: 8,025 49,174 102,140
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