Sale/Leaseback Absolute Net Lease

Office for Sale
Catylist Listing ID: 30724140
Property Subtypes: Office Building
Building Size (RSF): 21,750 SF
Gross Building Area: See Agent
Sale Price: $2,375,000
Unit Price: $109.20 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: 7.44%
Last Updated: 6/10/2021

Overview / Comments

Sale Leaseback. Absolute Net Lease. Tenant: Rehmann Technology Solutions. Term 60 months with a 2% annual escalator.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: 28th Street West
Tax ID/APN: 41-17-16-155-018

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,699 80,335 222,487
Median Age: 35.66 34.32 33.39
Households: 4,553 30,702 84,229


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