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801 Cherry St SE 20,000 SF Office Building Grand Rapids, MI 49506 $4,050,000 ($202.50/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Significant Remaining Lease Term | Recent Proven Tenant Commitment
- Extensive Medical Build-Out | Hard-to-Replicate Facility
- NNN Lease Structure | Passive, Stable Income Stream
- Corporate Guaranteed Lease | Investment-Grade Tenant
- Established Patient and Employee Base | Regional Presence
- Significant Remaining Lease Term | Recent Proven Tenant Commitment
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
20,000 SF
Building Class
C
Year Built/Renovated
1958/2001
Price
$4,050,000
Price Per SF
$202.50
Cap Rate
7%
NOI
$283,500
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
10,000 SF
Building FAR
0.94
Lot Size
0.49 AC
Zoning
Commercial
Parking
50 Spaces (2.5 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
1 1
Walk Score®
Walker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 41-14-29-310-005 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $909,100 |
PROPERTY TAXES
Parcel Number
41-14-29-310-005
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$909,100
CONTACTS
-
Sean
Westfall
-
Matthew
Mathers
-
Jake
Butterfield
-
Brian
Brockman
-
Allison
McQueen
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Presented by
Company Not Provided
801 Cherry St SE
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