Office Investment Opportunity

Office for Sale
Catylist Listing ID: 30400551
Property Subtypes: Governmental, High-Tech, Institutional, Medical, Office Building
Building Size (RSF): 9,851 SF
Gross Land Area: 0.85 Acres
Sale Price: $1,295,000
Unit Price: $131.46 PSF
Ceiling: 9 ft.
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/6/2019

Overview / Comments

Excellent opportunity to own a high end, quality built office building in the Wyoming/Grandville area. The building is currently 100% occupied with professional tenants (Dentist, CPA, Financial Planner, Engineer and Trucking Dispatch Firm). The building has a large monument sign, two parking lots (one at the main level and one at the lower level). Close proximity to both M-6 and I-196. Surrounded by professional office and rooftops and a short distance to Rivertown Crossings Mall.

Financials

Finance Data Year 2009
Real Estate Taxes - Annual($) $27,253 (Annual)

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: Rivertown Corridor
Tax ID/APN: 41-17-28-227-042
Zoning: OFFICE
Property Visibility: Good
Highway Access: Close proximity to I-196 and M-6.
Site Description: Actual
Area Description: DIRECTIONS: 44th Street to Byron Center Ave. South to property.
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 1999
Construction/Siding: HardiePlank Siding
Parking Type: Surface
Parking Description: Asphalt parking lots located at the main floor entrance and lower level entrance.
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Zoning Description: Zoning allows for professional office and medical.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,036 86,772 218,256
Median Age: 33.57 34.05 33.61
Households: 5,739 32,604 79,918

Contact

Photograph of Listing Agent

Kevin Joseph Lipke

Sperry Van Ness/Silveri Company
CARWM Member
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