Listed by Lakeshore Commercial Real Estates
$2,400,000
Clover Commercial Office Center
Details
Property Type Office
Sub Type Executive Office, Medical Office
Square Footage 22,400
Net Rentable (SqFt) 22,400
Units 1
Cap Rate 5.1%
NOI $122,400
Occupancy 50%
Tenancy Multi
Lease Type Modified
Lease Term 6
Lease Expiration 08/31/2031
Remaining Term 5.1
Rent Bumps Yes
Price per SqFt $129
Class A
Year Built 1988
Year Renovated 2019
Buildings 1
Stories 2
Acreage 4.000
Zoning Commercial Office
Parking Spaces 80 spaces
Parking per 1,000 SqFt 3.57
Investment Type Owner/User
Lease Commencement 09/01/2025
Occupancy Date 09/01/2025
Ownership Private Investor, Owner/User
Office Holland/Zeeland on US 31
Marketing description
Commercial Office building centrally located to the Holland/Zeeland communities. On US-31 just off Chicago Drive. Property is approximately 4 acres of landscaped green space, beautiful setting with 11,400 sf per floor, 22,800 sf total. First floor has an open floor plan for lite assembly, physical therapy, storage space, etc. Second floor has conference rooms and approximately 9 built out offices. Adjacent 5,500 sf separate building is a warehouse garage with 12’ overhead door, and loading dock with offices and restroom.
Property options include owner occupied space for growing office and assembly company. Call today for a tour.
Listing Contacts
Listed by Lakeshore Commercial Real Estates
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$122,400.00
$10,200.00/mo
Valuation Metrics
0
DSCR
5.1%
Cap Rate
5.1%
ROI
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