4398 Roger B Chaffee Mem Dr SE - Office FOR SALE


Grand Rapids, MI 49548- Outer Kentwood/Wyoming
$825,000 USD
312-550-4889
4398 Roger B Chaffee Mem Dr SE, Grand Rapids, MI for Sale
$825,000 USD
Office - FOR SALE
1/9
null | 8.06% Cap Rate

4398 Roger B Chaffee Mem Dr SE
Grand Rapids, MI 49548
Outer Kentwood/Wyoming


OVERVIEW

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

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$73 USD /SF

CAP RATE

8.06%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

undefined, R&D, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

76

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,787 SF

ZONING

I-1 Industrial

APN/PARCEL ID

41-18-19-406-007

ASK ABOUT THIS PROPERTY

Aaron EichenbergPantheon CommercialMore Info
312-550-4889

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

Aaron EichenbergPantheon CommercialMore Info
312-550-4889

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