Investment Opportunity

Office for Sale
Catylist Listing ID: 30744982
Property Subtypes: Flex Space, Office Building
Building Size (RSF): 33,000 SF
Gross Land Area: 2.25 Acres
Sale Price: $5,495,000
Unit Price: $166.52 PSF
Ceiling: 28 ft.
Property Use Type: Investment
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/9/2021

Overview / Comments

1031 Buyers here is your opportunity!!

Price reduced on this fully leased investment property! FIRST CLASS building with modern interior/exterior finishes, lots of glass, and many unique features make this is one of the nicest buildings in Grand Rapids.

Great location with two high quality, good credit tenants that have added a lot of infrastructure to the building.

7.2 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
Property Visibility: Excellent
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.
Number of Stories: 2
Year Built: 2005
Construction/Siding: Steel Frame
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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