3525 Lousma Dr. S.E. - former Corporate Color facility

Industrial for Lease
Also listed as Retail-Commercial
Catylist Listing ID: 30745561
Property Subtypes: Free-Standing, Industrial-Business Park, Office Showroom, General
Contiguous Space: 17,510 SF
Building Size (RSF): 17,510 SF
Gross Building Area: 17,511 SF
Gross Land Area: 4.15 Acres
Lease Rate: $5.50 PSF (Annual)
Base Monthly Rent: $8,025
Lease Types: NNN
Ceiling: 16 - 19 ft.
Docks/Doors: 2 Docks
Office SF: 1,875 SF
Drive In Bays: 1 Bay
In Opportunity Zone? Yes
Building Name: Corporate Color
Usable Size (USF): 17,510 SF
Last Updated: 11/15/2021

Overview / Comments

Nicely updated brick facility with a new efficient 50 ton HVAC system.
Reception and main office area updated recently with 4 private offices, conference room, air-lock entry and large reception/open area.
Ample primary & secondary power throughout entire Production Area.
Lighting is also comprehensive in the entire warehouse/production area.
Possible back-up power system available.

Expand All Available Space

Suite: 3525 17,510 SF $5.50 PSF (Annual) NNN
Level/Floor: main
Space Available: 17,510 SF
Lease Rate: $5.50 PSF (Annual)
$8,025 (Monthly)
Lease Type: NNN
Space Description: This former Steelcase training facility (1979) is 100% climate controlled by a new 50 ton system. Newly remodeled main offices and balance of production space and support (office, conf., restrooms, storage) in warehouse.
Space Subcategory: Industrial-Business Park, Flex Space
Date Available: 1/1/2022
Lease Term: 120 Months
Space Type: Relet
Kitchen Yes
Tax Expenses $1.16 PSF (Annual)
Operating Expenses $1.50 PSF (Annual)
Rent Escalators Description annual base rent increases of 3.0%
Rent Concession negotiable
Ceiling 19 ft. / 16 ft. Clear
Loading Docks 2
Drive In Bays 1
Office Space 1,875 SF

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: 36th/44th St Corridor
Taxing Authority: City of Wyoming
Tax ID/APN: 41-18-18-390-002
Zoning: I-1
Property Located Between: 36th & 44th Streets
Highway Access: U.S. 131 is only 1.8 miles.
Site Description: 411818390002 UNIT 2 * LOUSMA DRIVE CONDOMINIUMS KENT COUNTY CONDOMINIUM SUBDIVISION PLAN NO.626 INSTRUMENT NO.20030623-0125021 AS AMENDED BY INSTRUMENT NO.20070723-0072980 & AS AMENDED BY INSTRUMENT NO.20071129-0113547 SPLIT ON 09/20/2007 FROM 41-18-18-32
Area Description: DIRECTIONS: US 131 TO 36TH ST EAST, GO NORTH ON ROGER B TO LOUSMA DR, WEST TO BLDG.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1979
Year Renovated: 2017
Roof Type: Flat
Construction/Siding: Brick/Aluminum Siding
Exterior Description: Brick & Block
Parking Type: Surface
Parking Description: Part of an industrial condo project. Premises uses front parking & sidewalk for office and about 2/3rds of the primary lot for employees and logistics.
Column Spacing: 25' x 50'
Overhead Cranes: Undisclosed
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Air Curtain, Engineered System, Package Unit
Lighting: LED, Fluorescent
Interior Description: Newer finishes in the office area. Production and support offices in main area are have newer finishes and flooring.
Lot Frontage: Condo
Lot Depth: Condo
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress, Utilities
Easements Description: See Condo Docs

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,039 141,407 290,931
Median Age: 33.58 33.26 33.62
Households: 3,756 51,506 110,127

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