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23265963
23265962

5075 Cascade Rd. S.E., Grand Rapids, MI 49546

ET
MI 6502107086
Prime Development
Listed by Prime Development
$3,000,000
402 days on market
Updated 67 days ago

5075 Cascade Rd. S.E.

Details
APN 41-15-31-326-021
Property Type Office
Sub Type Traditional Office
Square Footage 35,500
Net Rentable (SqFt) 33,000
Units 15
Cap Rate 12.63%
NOI $379,000
Occupancy 90%
Tenancy Multi
Lease Type Modified
Rent Bumps Yes
Lease Options Some tenants have renewals
Pro-Forma Cap Rate 18.54%
Pro-Forma NOI $556,200
Price per SqFt $85
Broker Co-Op Yes
Class B
Year Built 1980
Year Renovated 1986
Buildings 1
Stories 2
Acreage 2.500
Zoning PO
Parking Spaces 100 spaces
Parking Per SqFt 2.82
Investment Type Stabilized
Lease Commencement 05/06/2025
Occupancy Date 01/01/2026
Ownership 5075 Cascade Holdings, LLC
Sale Condition For sale by owner

Office | 12.63% CAP | 35,500 SqFt

Marketing description

Located in the hottest suburban office corridor in S.E. Grand Rapids, Michigan just over 1 mile from I-96 interchange and 4+ miles to GRR Airport. The building has gone through recent renovations to most office suites and common areas. All suites enjoy expansive windowscapes and the upper-level offices also have large skylights. Updated RTU’s service existing suites and most have separate controls. There’s a nice blend of smaller to large suites throughout, allowing for tenant expansion opportunities and easier re-tenanting. There are two entry foyers and ample common areas & restrooms, including a shared kitchen & breakroom. In early 2026, one large recently remodeled suite is available and could be an ideal owner/occupant space; 4,000 to 8,000 sqft. All leases are currently modified-gross and tenant’s pay for Utilities (metered). Recent office sales in the area are above $175/sf for Class B & A.

Listing Contacts

ET
MI 6502107086
Prime Development
Listed by Prime Development

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$379,000.00
$31,583.33/mo

Valuation Metrics

0
DSCR
12.63%
Cap Rate
12.63%
ROI

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Additional Information

Name
Eric Trierweiler
License
6502107086
Brokerage
Eric T. Trierweiler
Title
Principal & Associate Broker
Brokerage Address
825 Parchment Drive Southeast
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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