Fully Leased Investment Opportunity

Office for Sale
Catylist Listing ID: 30570106
Property Subtypes: Flex Space, Office Building
Building Size (RSF): 18,746 SF
Gross Land Area: 0.93 Acres
Sale Price: $495,000
Unit Price: $26.41 PSF
Ceiling: 12 ft.
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: 3060 Madison
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/10/2020

Overview / Comments

100% leased office investment opportunity. Back on the market at a reduced price!
Major tenant is on a 5 year lease.

Contact listing agent for Projected 2020 Proforma.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: 28th Street Central
Taxing Authority: City of Wyoming
Tax ID/APN: 41-18-18-251-001
Zoning: B-2
Site Description: LOTS 48 49 & 50. MAE-THY GARDENS, ALSO LOTS 1 2 & 3. VAN ALLEN PLAT
Area Description: DIRECTIONS: US 131 to 28th Street (M-11), east 1 mile to Madison, South 3/8 mile to property.
Number of Stories: 1
Year Built: 1964

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,312 144,594 303,421
Median Age: 32.69 32.67 33.45
Households: 5,035 52,107 115,024
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.