Listed by SVN | Stewart Commercial Group, LLC
$1,050,000
426 Century Lane
Details
APN 70-16-33-205-002
Property Type Office
Sub Type Traditional Office
Square Footage 7,301
Units 36
Cap Rate 8.04%
NOI $84,467
Occupancy 100%
Tenancy Multi
Lease Type NN
Remaining Term 3.3
Rent Bumps Yes
Class B
Year Built 1988
Year Renovated 2025
Buildings 1
Stories 1
Acreage 0.960
Parking Spaces 56 spaces
Parking Per SqFt 7.67
Investment Type Stabilized
Office | 8.04% CAP | 7,301 SqFt
Marketing description
426 Century Lane is a 7,301 SF single-story office building in Holland, Michigan, 100% occupied by three primary tenants on NN leases generating $84,500 in NOI. Tenants reimburse for property taxes and CAM). Landlord responsibilities include maintenance of the structure and property insurance.
The property may be sold as a portfolio with the neighboring office, 442 Century Lane.
Investment highlights
- Located in the rapidly growing east side of Holland at the intersection of Century Lane and East 16th St, 0.3 Miles to US-31
- In a suburban office park oriented towards healthcare and consulting services - benefitting from on-site parking, greenspace, and easy access compared to the dense downtown area to the West
- Surrounded by new and established retail including Starbucks, 7 Brew Coffee, Culvers, Mister, Menards, Aldi, Meijer, etc.
- Strategic proximity to Downtown Holland (5 Minutes) and Grand Rapids (30 minutes)
Listing Contacts
Listed by SVN | Stewart Commercial Group, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$84,467.00
$7,038.92/mo
Valuation Metrics
0
DSCR
8.04%
Cap Rate
8.04%
ROI
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