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5989 Tahoe Dr SE
Grand Rapids, MI 49546
The Production Center · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Located in close proximity to Highway 96 & M-6
- State-of-the-art test kitchen and entertainment space
- 10,000 square foot available for an owner user if desired
- Located near the Gerald R. Ford International Airport
- Combination of private office and open spaces
- Large parking lot
EXECUTIVE SUMMARY
Fantastic opportunity for an investor looking to establish or expand their presence in the fast growing Grand Rapids, MI marketplace. This investment consists of two buildings occupied by a single tenant. The first being a Class A, 30,877 square foot office building that has been updated over the past several years. The other (building two) is a newer construction 8,500 square foot warehouse that includes both an overhead drive up door and dock door.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
39,377 SF
Building Class
A
Year Built
1986
Price
$6,850,000
Price Per SF
$173.96
Cap Rate
10.50%
NOI
$719,250
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
19,688 SF
Slab To Slab
15’7”
Building FAR
0.18
Lot Size
5.15 AC
Zoning
PUD - Planned District
Parking
96 Spaces (3.21 Spaces per 1,000 SF Leased)
AMENITIES
- Commuter Rail
- Signage
- Reception
- Central Heating
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 41-19-17-126-006 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,609,200 |
PROPERTY TAXES
Parcel Number
41-19-17-126-006
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,609,200
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