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3205 Eagle Crest Dr Ne 31,600 SF 75% Leased Office Building Grand Rapids, MI 49525 $4,918,097 CAD ($155.64 CAD/SF) 7.78% Cap Rate

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Investment Highlights

  • Professional landscaping
  • Many scenic ponds and walking trails
  • 175 parking spaces
  • Attractive two-story property with excellent multi-tenant design

Executive Summary

Sale Price $3,593,025
Sale Price/SF $112.50
Pro-Forma NOI $288,000
Cap Rate 7.78%

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
31,600 SF
Building Class
B
Year Built
1997
Price
$4,918,097 CAD
Price Per SF
$155.64 CAD
Cap Rate
7.78%
NOI
$382,519 CAD
Percent Leased
75%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
15,800 SF
Slab To Slab
10’
Building FAR
0.13
Lot Size
5.71 AC
Zoning
PUD-2 - Planned Unit DIstrict
Parking
170 Spaces (5.38 Spaces per 1,000 SF Leased)

Amenities

  • Security System
  • Signage
  • Air Conditioning

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -

Brooksource is a technology and engineering talent solutions firm founded in 2000 and headquartered in Indianapolis, Indiana. The company operates as part of the Eight Eleven Group and specializes in IT staffing, consulting, and workforce transformation services for Fortune 500 organizations. Brooksource offers experience-driven staffing, professional services, and its Elevate program, which focuses on upskilling and reskilling talent to meet evolving industry needs. The firm partners with leading technology providers such as AWS, Microsoft, Salesforce, and Google Cloud to deliver customized solutions across sectors including finance, healthcare, and retail. With a national footprint, Brooksource maintains offices in major U.S. markets, including Cincinnati, OH, and employs between 1,000 and 5,000 professionals.

  • Finance and Insurance
  • -
  • -
  • -

Riverbank Finance is a locally owned mortgage company in Grand Rapids, MI that offers mortgage loans for both refinancing and new home purchases. Our extensive list of mortgage programs allows us to offer some of the most competitive mortgage rates and home loan options in Michigan. Our contracts with several banks and mortgage lenders offers a line-up of loan programs for perfect credit borrowers and even clients with bumps in their credit past. We take pride in our superb customer service. This has proven to be a winning combination to meet the needs of our borrowers.

Tenant Industry SF Occupied Rent/SF Lease End
Professional, Scientific, and Technical Services - - -
Finance and Insurance - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 102
  • 3,461 SF
  • Office
  • Full Build-Out
  • Now

3,570 square feet of office space available for lease

  • 1st Fl-Ste 202
  • 2,401 SF
  • Office
  • Full Build-Out
  • Now

2,024-4,905 square feet of office space available for lease

  • 1st Fl-Ste 203
  • 2,881 SF
  • Office
  • Full Build-Out
  • Now

2,881 square feet of office space available for lease

Space Size Space Use Condition Available
1st Fl-Ste 102 3,461 SF Office Full Build-Out Now
1st Fl-Ste 202 2,401 SF Office Full Build-Out Now
1st Fl-Ste 203 2,881 SF Office Full Build-Out Now

1st Fl-Ste 102

Size
3,461 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 202

Size
2,401 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 203

Size
2,881 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 102

Size 3,461 SF
Space Use Office
Condition Full Build-Out
Available Now

3,570 square feet of office space available for lease

1st Fl-Ste 202

Size 2,401 SF
Space Use Office
Condition Full Build-Out
Available Now

2,024-4,905 square feet of office space available for lease

1st Fl-Ste 203

Size 2,881 SF
Space Use Office
Condition Full Build-Out
Available Now

2,881 square feet of office space available for lease

Property Taxes

Property Taxes

Parcel Number
41-14-14-301-042
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,905,120 CAD
  • Listing ID: 30737638

  • Date on Market: 2024-01-23

  • Last Updated:

  • Address: 3205 Eagle Crest Dr Ne, Grand Rapids, MI 49525

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