4398 Roger B Chaffee Blvd SE

Industrial for Sale
Also listed as Office
Catylist Listing ID: 30183697
Property Subtypes: Flex Space, Free-Standing, Industrial-Business Park, Light Industrial, Warehouse/Distribution
Building Size (RSF): 11,334 SF
Gross Land Area: 1.21 Acres
Sale Price: $695,000
Unit Price: $61.32 PSF
Ceiling: 13 ft.
Docks/Doors: 6 Doors
Office SF: 10,114 SF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/12/2017

Overview / Comments

The property located at 4398 Roger B Chaffee Blvd SE is currently occupied by a number of office users and is fully leased. There is however opportunity for an owner occupant to take over some of the existing space by relocating some of the existing office users. The facility has been well maintained and sits on a large lot offering both expansion capabilities as well as excellent parking opportunities. The facility can be acquired as a stand-alone investment or for an investment/owner occupant circumstance.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $10,305 (Annual)
Assessed Value - Total($) $182,700 (Annual)

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: 36th/44th St Corridor
Taxing Authority: City of Wyoming
Tax ID/APN: 41-18-19-406-007
Zoning: I-1; INDUSTRIAL
Property Located Between: 44th Street and 36th Street and Eastern Ave and Division Ave
Highway Access: 1.5 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: 1969
Roof Type: Flat
Construction/Siding: Block, Brick
Parking Type: Surface
Parking Description: On-Site
Total Parking Spaces: 68
Column Spacing: Clear Span
Overhead Cranes: Undisclosed
Sprinklers: None
Volts: 480
X-Phase: 3 Phase
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Lighting: Fluorescent
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,852 113,252 259,342
Median Age: 33.93 34.37 33.65
Households: 5,239 43,621 96,478
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