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221 W Webster Ave 63,900 SF 100% Leased Office Building Muskegon, MI 49440 $9,912,418 CAD ($155.12 CAD/SF) 8.37% Cap Rate
Investment Highlights
- REDEVELOPED 2021-2025
- OFFICE & RETAIL TENANTS
- 6 STORIES PLUS BASEMENT
Executive Summary
The property has had significant capital improvements in the last 4 years. Due to the properties nature as a redevelopment it qualified for multiple tax incentives that upon sale are able to transfer to a buyer, including an Obsolete Property Rehabilitation Exemption (OPRA) as well as Brownfield Plan, through which the property owner is reimbursed annually for costs incurred during redevelopment.
Property Facts
Amenities
- Banking
- Bus Line
- Signage
Major Tenants
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- SF Occupied
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- Lease End
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Il s'agit d'une société de courtage immobilier détenue et exploitée localement basée à Muskegon. CORE Realty et CORE Commercial offrent des services immobiliers optimaux aux clients résidentiels et commerciaux. L'équipe commerciale est dirigée par Bryan Bench et comprend des membres de l'équipe commerciale John Essex, Steve Mastella, Troy Wasserman et Linda Neiser. Leur équipe compte de nombreuses années collectives dans le domaine de la consultation environnementale, de la propriété d'entreprises et du réaménagement de projets.
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- Health Care and Social Assistance
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- Full Service
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Depuis 2020, Cornerstone Careiving a amélioré la vie de dizaines de milliers de personnes âgées aux États-Unis. Ils croient que les aînés méritent d'avoir le choix de vieillir quand et où ils veulent. En tant qu'organisme de soins à domicile de premier plan à l'échelle nationale, ils s'engagent à fournir des soins de première qualité aux aînés, où qu'ils habitent.
- H O M E Mortgage
- Finance and Insurance
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- Hope on the Lakeshore Therapy
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- Full Service
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- Liquid Assets Cocktail & Wine Bar
- Accommodation and Food Services
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- Only Human Mental Health, Llc
- Health Care and Social Assistance
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- Port City Ventures
- Finance and Insurance
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From the highlands of Honduras to the heart of Vietnam, we bring you coffee with purpose. Ethically sourced, our Arabica and Robusta beans come directly from farmers ensuring a true farm to cup experience. Precision-brewed and expertly extracted, this is coffee at its finest - bold, smooth and rich.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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Real Estate | - | - | - | - | |
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Health Care and Social Assistance | - | - | Full Service | - | |
| H O M E Mortgage | Finance and Insurance | - | - | - | - | |
| Hope on the Lakeshore Therapy | - | - | - | Full Service | - | |
| Liquid Assets Cocktail & Wine Bar | Accommodation and Food Services | - | - | - | - | |
| Only Human Mental Health, Llc | Health Care and Social Assistance | - | - | - | - | |
| Port City Ventures | Finance and Insurance | - | - | - | - | |
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Accommodation and Food Services | - | - | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $3,614,683 CAD |
Property Taxes
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221 W Webster Ave
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