Listed by Bradley Company Grand Rapids, Bradley Company
$507,500
838 Boston Street Southeast
Details
Property Type Industrial
Sub Type Flex, Manufacturing
Square Footage 5,800
Net Rentable (SqFt) 5,800
NOI $13,440
Occupancy 46.3%
Tenancy Multi
Lease Type NNN
Buildings 1
Acreage 1.140
Zoning SD-IT – Special District Institutional Transportation.
Parking Spaces 14 spaces
Parking per 1,000 SqFt 2.41
Investment Type Owner/User
Ground Lease No
Ceiling Height 14
Loading Docks 1
Dock High Doors 1
Industrial | 5,800 SqFt
Marketing description
A solid brick-constructed 5,800-square-foot industrial building sits on over an
acre of property in one of the City of Grand Rapids's most occupied industrial
sectors. This property is in an opportunity zone and is attractive to start-ups
looking for capital from investors looking to capitalize on the Opportunity Zone
incentives.
There is 3,500 SF available for lease with room to expand once the balance of
the building becomes available. The vacant suite benefits from a truck dock and
has room for trailer parking or outside storage.
Investment highlights
Centrally located in Grand Rapids
Vacant 3,500 SF (~2,500 Office)
Trailer Parking/Outside Storage
1 Dock High Door
Income Producing:
2,688 SF (46.3%) leased
NOI: $13,440
Type: NNN
Listing Contacts
Listed by Bradley Company Grand Rapids, Bradley Company
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$13,440.00
$1,120.00/mo
Valuation Metrics
0
DSCR
2.65%
Cap Rate
2.65%
ROI
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Property History
Tax History
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