3290 Patterson Ave SE - R&D FOR SALE


Grand Rapids, MI 49512- Outer Kentwood/Wyoming
$50,078,571 USD
586-945-9960
3290 Patterson Ave SE, Grand Rapids, MI for Sale
$50,078,571 USD
R&D - FOR SALE
1/5
null | 7% Cap Rate

3290 Patterson Ave SE
Grand Rapids, MI 49512
Outer Kentwood/Wyoming


HIGHLIGHTS

  • Three-story office/engineering plus single-story manufacturing/warehouse.
  • High clear heights (±27’–32’), robust power and mechanical systems.
  • Fully sprinklered, modern life-safety systems.
  • Comprehensive roof replacement with 20-year warranty.

OVERVIEW

This is a mission-critical engineering and manufacturing facility, 100% leased to GE Aviation Systems LLC (a division of GE Aerospace, NYSE: GE), under a long-term net lease with annual rent escalations and limited landlord responsibilities. The ±369,000 SF building sits on ±42.17 acres, less than ten minutes from Gerald R. Ford International Airport, in a dynamic West Michigan employment corridor.

FOR SALE DETAILS

PRICE

$50,078,571 USD

PRICE/SF

$136 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

R&D

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1995

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

4

DRIVE INS

-

PARKING SPACES

1057

LAND DETAILS

LAND ACRES

37.86

LAND SF

1,649,182

ZONING

CM-I

APN/PARCEL ID

41-19-18-300-041

ASK ABOUT THIS PROPERTY

Doug PassonFortis Net LeaseMore Info
586-945-9960

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Doug PassonFortis Net LeaseMore Info
586-945-9960

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