665 Seward Ave NW - Office/Residential FOR SALE
Grand Rapids, MI 49504 |
665 Seward Ave NW
Grand Rapids, MI 49504
HIGHLIGHTS
- Recent capital expenditures include a new generator, fence, and lobby improvements
- Five leases are based on rentable square footage with 12% to 14% core factor while three others are leased on useable square footage
- 95.65% current occupancy
- 1 tenant renewed and 2 tenants signed during the Coronavirus pandemic
- Generous parking - 288 spaces being conveyed with the property
- Annual increases of 2.5% to 3.0% for 6 out of the 8 office tenants
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Widdicomb Building South
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Office/Residential
ADD'L SUBTYPES
Loft/Creative Space
TOTAL BUILDING SIZE
113950
STORIES
5
BUILDING CLASS
B
YEAR BUILT
1880
SPRINKLERS
-
PARKING SPACES
288
LAND DETAILS
LAND ACRES
2.57 AC AC
LAND SF
111,949 SF
ZONING
-
APN/PARCEL ID
41-13-24-311-003,41-13-24-311-004
