Office For Sale

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30330858
Property Subtypes: Office Building
Building Size (RSF): 20,334 SF
Gross Building Area: 20,378 SF
Gross Land Area: 1.80 Acres
Sale Price: $2,800,000
Unit Price: $137.70 PSF
Ceiling: 10 ft.
Property Use Type: Investment
Class of Space: Class A
Core Factor: 12%
Sale Terms: Cash to Seller
Cap Rate: 8.22%
Average Occupancy Rate: 100
Last Updated: 7/15/2019

Overview / Comments

100% occupied Class A multi-tenant office building. Anchored by Kentwood Family Physicians who has been a tenant in the building since it was constructed in 2005. Located in a quiet scenic setting just off of Cascade Road. Large unfinished basement which is currently being used for storage. Easy access to and from I-96.
Co-listed with Steve Delanoy at First Companies.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: Ada/Cascade
Taxing Authority: Ada Township
Tax ID/APN: 41-15-31-376-012
Zoning: PO
Market Type: Medium
Property Located Between: Forest Hill Ave and Spaulding
Side of Street: South
Road Type: Paved
Property Visibility: Good
Transportation: Highway
Highway Access: Located less than 5 minutes from I-96.
Airports: Gerald R. Ford International Airport
Area Description: DIRECTIONS: I-96 to Cascade Rd, E to property. Property is located on the S side of Cascade Rd.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 10,000 SF
Year Built: 2005
Roof Type: Arched
Construction/Siding: Wood Siding
Parking Type: Surface
Total Parking Spaces: 70
Passenger Elevators: 1
Heat Type: Natural Gas
Heat Source: Heat Pump
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,845 44,988 142,388
Median Age: 39.68 38.53 37.6
Households: 3,354 17,290 55,047
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.