3951 Trade Drive SE - Suites A & C - 1st Floor

Industrial for Lease
Catylist Listing ID: 30438269
Property Subtypes: Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Warehouse/Distribution
Contiguous Space: 349,476 SF
Building Size (RSF): 899,057 SF
Gross Land Area: 24 Acres
Lease Rate: $3.25 PSF (Annual)
Base Monthly Rent: $94,649
Lease Types: NNN
Ceiling: 21 - 70 ft.
Docks/Doors: 18 Docks, 3 Doors
Usable Size (USF): 899,057 SF
Last Updated: 3/31/2020

Overview / Comments

The property located at 3951 Trade Dr SE is unique in today’s market given its heavy power capacity, significant loading dock availability, extraordinary ceiling height capability, and flexible floor plan configurations. The property features significant primary power as well as compressed airlines distributed throughout the majority of the facility. The building also features Class A offices offering a corporate entity with excellent office warehouse / manufacturing square footage combinations at a very attractive rental rate.
The facility also features the largest contiguous square footage on the western half of the state offering larger users unparalleled opportunities for their relocation or expansion needs.
The site can be serviced by rail and has excess truck and trailer parking availability.
This facility is truly a rare opportunity in today’s market and it will offer new occupants unparalleled cost and operational efficiency.

Expand All Available Space

Suite: A & C - 1st Floor 349,476 SF $3.25 PSF (Annual) NNN
Level/Floor: 1st Floor
Space Available: 349,476 SF
Lease Rate: $3.25 PSF (Annual)
$94,649 (Monthly)
Lease Type: NNN
Space Description: Lease Term: 60-120
1. Landlord to approve Tenant, Tenant's use and credit.
2. Comm SA/BA: 3% yrs 1-5; 1.5% yrs 6-10 of base term, none thereafter, TC: 0%. No comm paid on extensions, options, renewals or expansions. Comm paid upon Tenant receiving certificate of occupancy and receipt of security deposit and first month's rent and delivering Tenant Estoppel letter.
3. All renewal, extensions, expansion fees for all leases shall be paid to the Broker of Record at the time of the lease renewal, extension or expansion. The Broker of Record shall be defined as the original leasing Broker unless the Tenant notifies Landlord in writing of a new licensed Broker of Record.
4. This space may or may not be subject to an existing Right of First Refusal. Please contact listing agent for details. If an offer triggers the Right of First Refusal a commission will not be paid to the Broker procuring the offer triggering the Right of First Refusal.
5. No commissions will be paid for owner's existing tenants being relocated or expanding from owner's other West Michigan buildings except as otherwise agreed to between the parties.
Date Available: 5/30/2019
Lease Term: 120 Months
Space Type: Relet
CAM Expenses $1.12 PSF (Annual)
Ceiling 70 ft. / 21 ft. Clear
Loading Docks 18
Loading Doors 3

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: 36th/44th St Corridor
Taxing Authority: City of Grand Rapids
Tax ID/APN: 41-18-20-300-070 and 41-18-20-600-017
Property Located Between: 36th St SE and 44th St SE and Eastern Ave and Kalamazoo Ave
Highway Access: 2.85 Miles to US-131
Airports: Gerald R. Ford International Airport
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Average
Year Built: 1974
Year Renovated: 2006
Construction/Siding: Concrete, Steel Frame
Parking Type: Surface
Parking Description: On-site
Column Spacing: 40' x 40' and 40' x 20'
Freight Elevators: 3
Overhead Cranes: 1
Heat Type: Natural Gas
Heat Source: Central
Lighting: Fluorescent, Other
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,085 125,454 261,365
Median Age: 35.8 33.64 33.44
Households: 5,521 47,135 98,652


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