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150 Ann St NW 15 703 pi² Commerce de détail Immeuble Grand Rapids, MI 49505 8 036 909 $ CAD (511,81 $ CAD/pi²) 7,25% Taux de capitalisation
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- New 10 Year Absolute NNN Lease: Sale leaseback at closing with zero landlord responsibilities and 2.0% annual rent escalations.
- Integrated with Manufacturing Operations: Physically adjacent to MiEN’s manufacturing facility and future development site, reinforcing long-term occu
- Direct Riverfront Trail Access: Adjacent to a city funded trail extension connecting the property to Downtown Grand Rapids and Riverside Park.
- Corporate Headquarters Location: Primary operating location supporting leadership and core business functions.
- Recent Comprehensive Renovation: Full building redevelopment completed March 2026 with significant tenant capital invested.
- Prime Urban Infill Positioning: Located within the Monroe North and Medical Mile corridor with immediate access to US 131 and regional infrastructure.
Résumé de l'annonce
JET Industrial is pleased to present the sale leaseback of the newly redeveloped office headquarters
of MiEN Company® in Grand Rapids, Michigan. At closing, the seller will execute a new 10 year
Absolute NNN lease with 2.0% annual rent escalations, creating a stable income stream backed by
the company’s primary operating location.
Originally constructed in 1974, the property was fully redeveloped through a comprehensive
renovation completed in March 2026. The building reflects substantial tenant capital investment and
serves as the company’s central leadership and operational hub. The 15,800 SF office headquarters
is directly integrated with MiEN’s adjacent manufacturing facility and planned future development
site, reinforcing the operational importance of the location.
Founded in 2012, MiEN designs and manufactures furniture solutions for K–12 and higher education
institutions across North America. The Grand Rapids headquarters supports leadership, product
development, engineering, and customer operations that are central to the company’s continued
growth.
The property is positioned just northwest of Downtown Grand Rapids within the Monroe North and
Medical Mile corridor, an area experiencing continued public and private investment. The site offers
immediate access to US 131 and is less than 15 miles from Gerald R. Ford International Airport.
As part of the City of Grand Rapids’ GR Forward Master Plan, the final 0.75 mile segment of
the River Edges Trail between Leonard Street and Ann Street has received full funding and is
advancing toward construction. Upon completion, the property will have direct pedestrian and
bike connectivity to Downtown Grand Rapids, Riverside Park, and the 92 mile Fred Meijer White
Pine Trail system.
This offering presents investors with the opportunity to acquire a stabilized, mission critical
corporate headquarters asset featuring a long term Absolute NNN lease structure, contractual
rent growth, recent capital investment, and durable positioning within one of Grand Rapids’ most
actively evolving urban corridors.
To learn more about MiEN Company® visit: miencompany.com.
of MiEN Company® in Grand Rapids, Michigan. At closing, the seller will execute a new 10 year
Absolute NNN lease with 2.0% annual rent escalations, creating a stable income stream backed by
the company’s primary operating location.
Originally constructed in 1974, the property was fully redeveloped through a comprehensive
renovation completed in March 2026. The building reflects substantial tenant capital investment and
serves as the company’s central leadership and operational hub. The 15,800 SF office headquarters
is directly integrated with MiEN’s adjacent manufacturing facility and planned future development
site, reinforcing the operational importance of the location.
Founded in 2012, MiEN designs and manufactures furniture solutions for K–12 and higher education
institutions across North America. The Grand Rapids headquarters supports leadership, product
development, engineering, and customer operations that are central to the company’s continued
growth.
The property is positioned just northwest of Downtown Grand Rapids within the Monroe North and
Medical Mile corridor, an area experiencing continued public and private investment. The site offers
immediate access to US 131 and is less than 15 miles from Gerald R. Ford International Airport.
As part of the City of Grand Rapids’ GR Forward Master Plan, the final 0.75 mile segment of
the River Edges Trail between Leonard Street and Ann Street has received full funding and is
advancing toward construction. Upon completion, the property will have direct pedestrian and
bike connectivity to Downtown Grand Rapids, Riverside Park, and the 92 mile Fred Meijer White
Pine Trail system.
This offering presents investors with the opportunity to acquire a stabilized, mission critical
corporate headquarters asset featuring a long term Absolute NNN lease structure, contractual
rent growth, recent capital investment, and durable positioning within one of Grand Rapids’ most
actively evolving urban corridors.
To learn more about MiEN Company® visit: miencompany.com.
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Faits sur la propriété
Type de vente
Investissement pour loyer hypernet
Condition de vente
Cession-bail
Type de propriété
Commerce de détail
Sous-type de propriété
Banque
Taille du bâtiment
15 703 pi²
Classe d’immeuble
B
Année de construction/rénovation
1978/2026
Prix
8 036 909 $ CAD
Prix par pi²
511,81 $ CAD
Taux de capitalisation
7,25%
Revenu net d’exploitation
582 676 $ CAD
Location
Unique
Hauteur du bâtiment
2 étages
Coefficient d’occupation des sols de l’immeuble
0,55
Taille du lot
0,65 AC
Zonage
TN-TCC - Centre-ville en transition
Stationnement
30 places (1,91 places par 1 000 pi² loué)
Façade
190’ sur Ann St
Commodités
- Enseigne sur pylône
- Intersection avec signalisation
- Climatisation
Principaux locataires
- Locataire
- Secteur
- pi² Occupé
- Loyer/pi²
- Fin du bail
- MiEN Company
- Fabrication
- -
- -
- -
| Locataire | Secteur | pi² Occupé | Loyer/pi² | Fin du bail | ||
| MiEN Company | Fabrication | - | - | - |
Moyennement praticable à pied
60/100
Exceptionnellement facile d’accès en voiture
100/100
Transports en commun limités
30/100
Moyennement praticable en vélo
60/100
Principaux détaillants à proximité
Impôts fonciers
| Numéro de lot | 41-13-13-276-001 | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 0 $ CAD | Évaluation totale | 968 523 $ CAD |
Impôts fonciers
Numéro de lot
41-13-13-276-001
Évaluation du terrain
0 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
968 523 $ CAD
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Présenté par
JET Industrial
150 Ann St NW
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