2000 43rd St SE - Medical FOR SALE


Grand Rapids, MI 49508- Millbrook
$2,600,000 USD
616-575-7034
2000 43rd St SE, Grand Rapids, MI for Sale
$2,600,000 USD
Medical - FOR SALE
1/15
null | 8.44% Cap Rate

2000 43rd St SE
Grand Rapids, MI 49508
Millbrook


OVERVIEW

NAI Wisinski of West Michigan, as exclusive agent for the Owner, is pleased to offer 2000 43rd Street SE, a 79% leased medical/dental office building in the East castle Park of Grand Rapids, to the market for purchase. This two-story, 16,525 SF quality medical/dental building is on 1.96 acres of two parcels that are located off 44th Street SE, directly between Breton Rd. SE and Kalamazoo Ave SE in Grand Rapids. Built in 1988, the building is located in an area zoned SD-NOS (Neighborhood Office) and there are four strong dental tenants that occupy the building. Three of these four tenants will execute five year triple net leases at close. The property is being offered to the market at a cap rate of 8.44% based on 2024 projected NOI of $219,413. Asking price is $2,600,000. Rent roll available upon receipt of executed NDA.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$157 USD /SF

CAP RATE

8.44%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Executive Professional Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

1.96 AC

LAND SF

85,378 SF

ZONING

SD-NOS

APN/PARCEL ID

41-18-21-451-012

ASK ABOUT THIS PROPERTY

Jason MakowskiNAI Wisinski of West MichiganMore Info
616-575-7034

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Jason MakowskiNAI Wisinski of West MichiganMore Info
616-575-7034

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.