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801 Cherry St SE
Grand Rapids, MI 49506
Office Property For Sale
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
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
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