For Sale View Offering Memorandum

Investment 15,000 SF

5318, 5322, 5330 S Division Avenue, Grand Rapids, MI 49548

Property Stats

GSF15,000
Price/GSF$40.40
TypeRetail
Sub-typeNot specified
Use TypeNot specified
Lot SizeNot specified
MSANot specified
Year BuiltNot specified

Property Details

Property Description

Fully leased property with 3 separate suites and tenants of 5,000 SF each.
Income of ~ $57,417+/yr. Leases are for 3 and 4 years. Tenant mix includes: a fitness studio, tire sales and service, and a group that specializes in furniture repair and restoration. Ideal for 1031 Exchange.

Contact Olga @ 616-893-0134 for more information and rent roll.

Newer construction directly across the street with Biggby Coffee and T-Mobile. Located less than 1/2 mile from Home Depot & newly constructed (2014) Wal-Mart on 54th St. On the Silver bus line.

Highlights

  • Fully Leased
  • 3 Separate Suites
  • Leases 3-4 years

Property Map

Additional Info

  • Number of Floors: Not specified
  • Under Construction: No
  • Building Class: Not specified
  • RSF: Not specified
  • USF: Not specified
  • Acres: 1.02

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.