Suburban Office

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30478619
Property Subtypes: Office Building, General
Building Size (RSF): 6,731 SF
Gross Building Area: 7,000 SF
Gross Land Area: 1.57 Acres
Sale Price: $725,000
Unit Price: $107.71 PSF
Ceiling: 9 ft.
Property Use Type: Investment
Building Name: FAMILY CHIROPRACTIC
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: 7.6%
Last Updated: 9/12/2019

Overview / Comments

Built in 2001 and home to the Family Chiropractic Health Center this is very well kept Class A office building in Plainfield Township. The building is 7,000 gross SF and 6,731 rentable SF. Currently the building has 3 suites leased for a total of 5,035 RSF or 75% of the building. Vacant suite of 1,696 RSF is currently on the market for $12/SF. Building financials will be provided to approved buyer, who executes an approved non-disclosure agreement.

Financials

Finance Data Year 2003
Real Estate Taxes - Annual($) $332,100 (Annual)

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: Plainfield Corridor
Taxing Authority: Plainfield Township
Tax ID/APN: 41-10-27-326-022
Zoning: C-2
Property Located Between: 5 Mile Rd and Northland Drive
Property Visibility: Excellent
Site Description: Gradual slope with parking in the rear of building for walk-out lower suites.
Area Description: DIRECTIONS: 1/4 MILE N OF 5 MILE RD ON E SIDE OF PLAINFIELD AVE.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 3,500 SF
Year Built: 2001
Construction/Siding: Brick

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,734 41,431 123,711
Median Age: 38.44 40.16 35.7
Households: 3,484 16,035 47,743

Contact

Photograph of Listing Agent

Walter Bulkowski

Fusion Properties LLC
CARWM Member
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