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Browse More Listings in Office For Sale, Grand Rapids, MI or Michigan

Office Property For Sale

Evergreen Lake

3251 N. Evergreen Drive, Grand Rapids, MI 49525

Price:
$7,900,000
Building Size:
30,664 SF
Price/SF:
$257.63
Property Type:
Office
Property Sub-type:
Institutional/ Governmental
Property Use Type:
Investment
Cap Rate:
7.88%
Occupancy:
100%
Tenancy:
Single
Lot Size:
3.21 AC
Find Out More...

Last Verified 11/6/2009 Listing ID 15979261

Description

Single-Tenant Government building recently completed and occupied. Situated on 3.21 acres this building was constructed specifically for the IRS. 10-year GSA Lease and Tenant is moving from existing space where they spent more than 25-years. Therefore great long-term potential. Additionally Tenant has requested many custom finishes and infrastructure that further supports long-term tenancy. Aggressively priced given the secure nature of a Government Lease, which makes this a great investment during the uncertain times.

Located northeast of Downtown Grand Rapids in a newly developed Office Park. This building is surrounded by nature with a view of Evergreen Lake yet close by all the amenities necessary to support Tenant's needs.

Financial Summary

Actual
Net Operating Income
$622,050

Map of 3251 N. Evergreen Drive, Grand Rapids, MI 49525 (Kent County)

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Presented by

Fusion Properties

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Contact Listing Broker

Walter Bulkowski (616) 719-3640 Ext: 101

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Created 11/7/2008

Additional Information for 3251 N Evergreen Drive Ne, Grand Rapids, MI 49525

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Office Property For Sale - Evergreen Lake

3251 N. Evergreen Drive, Grand Rapids, MI, 49525