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4398 Roger B Chaffee Mem Dr SE 11,334 SF 100% Leased Office Building Grand Rapids, MI 49548 $1,120,449 CAD ($98.86 CAD/SF) 8.06% Cap Rate



Executive Summary
Pantheon Commercial is proud to present the opportunity to acquire 4398 Roger B Chaffee Memorial Drive, a professional office/flex building located in Wyoming, Michigan (Grand Rapids MSA). The property is comprised of 10,562 square feet situated on approximately 1.56 acres. Located on the signalized hard corner of Roger B Chaffee Memorial Drive iand 44th Street n Wyoming, providing convenient access to US-131 and the greater Grand Rapids metro area.
The building is currently 100% occupied by three professional tenants operating under triple net (NNN) leases — Driesenga & Associates, Inc. (Engineering, Surveying & Testing), MJW Consulting LLC (Mechanical/Electrical/Plumbing Design Services), and LS Management — providing investors with a predictable, low-management income stream.
The two-story brick building features ample surface parking, and outside storage, rear drive-in door access, and prominent monument signage visible from the road. The building layout provides flexible professional office and light flex space, which continues to attract high-quality professional services tenants.
Wyoming, Michigan is a thriving suburb immediately adjacent to Grand Rapids and one of the most strategically located commercial submarkets in West Michigan, with exceptional access to US-131 and I-196/Gerald R. Ford Freeway. The property sits on the hard signalized corner of Roger B Chaffee Memorial Blvd SE & 44th Street SE with a combined traffic count of nearly 40k VPD.
This is an excellent opportunity to acquire a fully-occupied, NNN-leased office/flex asset with strong professional tenancy in an established Wyoming commercial corridor. With long-term leases in place, this property offers investors stable cash flow with minimal landlord obligations and long term upside
The building is currently 100% occupied by three professional tenants operating under triple net (NNN) leases — Driesenga & Associates, Inc. (Engineering, Surveying & Testing), MJW Consulting LLC (Mechanical/Electrical/Plumbing Design Services), and LS Management — providing investors with a predictable, low-management income stream.
The two-story brick building features ample surface parking, and outside storage, rear drive-in door access, and prominent monument signage visible from the road. The building layout provides flexible professional office and light flex space, which continues to attract high-quality professional services tenants.
Wyoming, Michigan is a thriving suburb immediately adjacent to Grand Rapids and one of the most strategically located commercial submarkets in West Michigan, with exceptional access to US-131 and I-196/Gerald R. Ford Freeway. The property sits on the hard signalized corner of Roger B Chaffee Memorial Blvd SE & 44th Street SE with a combined traffic count of nearly 40k VPD.
This is an excellent opportunity to acquire a fully-occupied, NNN-leased office/flex asset with strong professional tenancy in an established Wyoming commercial corridor. With long-term leases in place, this property offers investors stable cash flow with minimal landlord obligations and long term upside
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
11,334 SF
Building Class
C
Year Built/Renovated
1968/2019
Price
$1,120,449 CAD
Price Per SF
$98.86 CAD
Cap Rate
8.06%
NOI
$90,272 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,667 SF
Slab To Slab
12’2”
Building FAR
0.23
Lot Size
1.12 AC
Opportunity Zone
Yes
Zoning
I-1 Industrial - Industrial Zoned District - See OM for Zoning Details.
Parking
76 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 41-18-19-406-007 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $648,638 CAD |
Property Taxes
Parcel Number
41-18-19-406-007
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$648,638 CAD
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4398 Roger B Chaffee Mem Dr SE
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