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2180 44th St SE 19,944 SF 100% Leased Office Building Kentwood, MI 49508 $1,509,728 CAD ($75.70 CAD/SF) 8% Cap Rate
Investment Highlights
- high traffic
- Open Plan
- lots of natural light
Executive Summary
Fully leased office investment opportunity in Kentwood, MI. This 100% occupied property generates approximately $88,000 in annual NOI, representing an attractive 8% cap rate at the $1,100,000 asking price. The property offers immediate in-place cash flow with established tenants and is well-positioned within the Grand Rapids/Kentwood commercial market. Ideal for investors seeking a stabilized income-producing office asset.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
19,944 SF
Building Class
B
Year Built
1971
Price
$1,509,728 CAD
Price Per SF
$75.70 CAD
Cap Rate
8%
NOI
$120,778 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
6,648 SF
Building FAR
0.61
Lot Size
0.75 AC
Zoning
C4 - office, hotel
Parking
91 Spaces (4.56 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- City to Shore Real Estate
- Real Estate
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| City to Shore Real Estate | Real Estate | - | $9.99 | Lorem Ipsum | Jan 0000 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 41-18-28-212-013 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $753,660 CAD |
Property Taxes
Parcel Number
41-18-28-212-013
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$753,660 CAD
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Presented by
Rostov Enterprises
2180 44th St SE
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