Listed by SVN | Stewart Commercial Group, LLC
$1,200,000
442 Century Lane
Details
APN 70-16-33-205-003
Property Type Office
Sub Type Medical Office
Square Footage 10,205
Cap Rate 8.50%
NOI $102,672
Tenancy Multi
Lease Type NN
Rent Bumps Yes
Class B
Year Built 1970
Year Renovated 2025
Stories 1
Acreage 0.980
Investment Type Stabilized
Office | 8.50% CAP | 10,205 SqFt
Marketing description
442 Century Lane is an approximately 10,205 SF office building in Holland, Michigan, fully occupied by five tenants on landlord-friendly leases, generating approximately $103,000 in net operating income. Approximately 50% of the center is occupied by tenants on modified gross leases and the other 50% of the property is occupied by tenants on NN leases (reimbursing 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, 426 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
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$102,672.00
$8,556.00/mo
Valuation Metrics
0
DSCR
8.56%
Cap Rate
8.56%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Address
Is there information that looks off?
