User Investment - I-96 Highway Signage

Office for Sale
Catylist Listing ID: 30322754
Property Subtypes: Office Building
Building Size (RSF): 18,501 SF
Gross Land Area: 5.09 Acres
Sale Price: $2,500,000
Unit Price: $135.13 PSF
Ceiling: 14 ft.
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: ITS
Class of Space: Class A
Sale Terms: Cash to Seller
Last Updated: 9/18/2018

Overview / Comments

Owner is currently occupying 8,655 SF and will remain in occupancy paying rent from close of sale until the completion of their new office building estimated to be 04/01/2019. Currently there is 1,850 SF available for lease, it is not being actively marketed in the event a buyer user might have a need for it. The East Paris corridor is exciting with limited purchase opportunities. Great water views, shared conference room, quality on site storage space and high ceilings.

Financials

Finance Data Year 2009
Real Estate Taxes - Annual($) $835,800 (Annual)

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: Ada/Cascade
Taxing Authority: Kentwood
Tax ID/APN: 41-18-01-151-004
Zoning: C-4
Property Located Between: Lake Drive and Burton - backing up to I-96 with signage permits.
Property Visibility: Excellent
Highway Access: I-96 and Cascade Road
Airports: Ford Int.
Site Description: LL in LO.
Area Description: DIRECTIONS: Between Lake Dr and Burton
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 2001
Exterior Description: Block and Glass
Parking Type: Surface
Passenger Elevators: 1
Sprinklers: Wet, Other
Heat Type: Electricity, Natural Gas
Heat Source: Central, Ceiling Units
Internet Access: Cable, Other
Interior Description: Well appointed lobby with access to tenant space and shared conference room
Zoning Description: Office
Lot Frontage: I-96, controled wood lake
Lot Depth: irregullar
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,076 62,487 202,528
Median Age: 28.4 39.19 35.23
Households: 2,410 24,547 78,598
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