Commercial Real Estate

Greg and Chip had a great closing experience a few weeks ago, and even received a great writeup from Client, Debora Jandle, L.M.S.W.  The property was small office building right on the edge of Heritage Hill, and the buyer was a law firm looking for a Grand Rapids location.  Always nice to hear from our clients about the work that we are doing, and we certainly hope to have more to add throughout the rest of 2010!

Congratulations to the sellers and the purchasers of a great location near downtown Grand Rapids!

Diane Karns, CCIM recently represented both the Landlord and Tenant in the leasing of 1,000 sf of office space in Rockford, MI.

Acclaim Private Home Care’s corporate office is located in Kalamazoo, MI and specializes in the highest attainable quality of compassionate health care in a home environment.  Acclaim Private Home Care, Inc. works closely with the person that has the disability, their families, physicians, case managers, and discharge planners to insure a smooth transition to their home.  They felt a need to be in the Rockford market as their business needs were expanding.  Bella Vista Drive offered them exactly what they were looking for in a new office location.

Welcome to Kent County Acclaim Private Home Care!

The oldest Bait and Tackle Shop in Greater Grand Rapids is available for sale; it sits in an excellent location on 28th St. just east of Wilson Avenue.  Huge traffic counts, and potentially a great place for future development.  Perfect spot for a quick stop-off before hopping on the highway, or if you dare, fishing in the Grand River!  The property is currently listed for $275,000 $235,000; the building is approximately 2000 sq. ft.  Included in the asking price are the fixtures, inventory, and equipment.  There is a home attached to the store as well, which could be occupied by the owner or rented out for additional income.  Financial information is available with a signed confidentiality form, please feel free to contact clafleur@ccmichigan.com or dkarns@ccmichigan.com for any further information – or just click on the photo above to be taken to CPIX.net for the basic listing information.

2130 Enterprise offers numerous benefits to future tenants.  This class B office is situated off of 44^th St in Kentwood, Michigan, with great proximity to expressways.  As flexible as needed, this building offers 13,500 SF (2 levels) and can be demised to any need!  Most importantly, rates are among the most aggressive in the county ($2 to $5 a SF)!  We have motivated owners here and they are ready to put together a deal!  If you are currently thinking about starting a business, moving your existing business, have too much or too little square footage- call and schedule your showing today.

Additional Building Specifics:

• Gross Size:                  13,500 SF
• Units:                            4
• Total Acres:               0.96
• Sewer/Water:            Public/Public
• Heat:                             Gas/Forced Air
• Parking:                       Ample
• Estimated NNN’s:    $3.00 per SF

2131 Enterprise Marketing Package

346 Wealthy

346 Wealthy St. is absolutely perfect for the right user!  Possessing the historic interior of most Heritage Hill properties, this opportunity definitely stands out from the rest.  There are a total of 6 to 7 offices on the lower floor, totaling around 1,200 SF of useable space  that could be demised to achieve just about any interior office design!  Not only is the office space priced to lease but also the upstairs portion of this building is 100% occupied with 4 separate residential apartments; the property is cash flowing and a great buy for an owner-occupier at $190,000! The possibilities are endless here; but hurry because downtown office space price this aggressively with such close proximity to the expressway doesn’t last long! Give Greg Mahalick or Chip LaFleur a call today to schedule your showing.  616-459-8000

*Make sure you are also following Greg & Chip on Twitter for real-time industry updates and news:

@GregoryMahalick

@ChipLaFleur

Greg Mahalick

Good afternoon to all!  Thanks again for stopping by CREGR.com; as promised above, a local investment opportunity that stands to perform very well!

First and foremost, I will not get specific on address (or business name/names)- this is not a confidential opportunity but out of respect for my client I simply ask that if you would like additional details that you contact me for the full marketing package.

This opportunity in located within Wyoming, MI.  Roughly 20,000 SF of office space with a sub-tenant occupying 3,700SF (100% occupied/owner occupies all else) sub-tenant is extremely vested into current space, governmental orientation, 3% annual bumps, with two five year renewal periods remaining.

Current owner possesses very strong business, willing to sign a five year lease back with 2.5% annual bumps, full triple net (including sub-tenant), with land contract terms available!

Purchase Price: $1,075,000.00

CAP Rate: 12%

NOI: $129,000.00

Total SF: 20,000SF

Occupancy: 100%

Marketing Package Includes: Premise address with interior/exterior photos; full sub-tenant summary, full triple net breakdown (semi-annual & annual), rent roll, & business bios.  Call or email Greg Mahalick or Chip LaFleur today for your full marketing package and additional details!  Office line: (616) 459-8000.

Click Photo for More Information

2905 Lucerne Cascade Township, MI

We have reduced the selling price on this professional office building located in The Centennial Office Park. This beautiful office facility is located in Cascade Township easily accessible to I-96, the Gerald R. Ford International Airport and a multitude of retail amenities.

If you have ever considered owning your own office in the past, now is the time to buy with interest rates at their lowest and possible seller financing. This property has a tenant in place in half the building making it a desirable owner occupied investment opportunity. If you are looking for 6,000-15,000 square feet of space, the building could be the investment for you. Or if you are looking to lease, this well maintained property offers the most competitive lease rates available.

Please call Pamela or Diane @ 616-459-8000 for a tour today.

Click Picture for Property Information

This building is easily demised for multiple tenants or one larger office user with some warehouse storage requirements. The property is located at 3529 Lousma Drive in Wyoming, Michigan, off of Roger B. Chaffee just north of 36th Street.  The building is located under 5 minutes from the entrance to US-131 at 36th Street, and includes an overhead door for access to the warehouse area.

The interior is nicely finished and ready for occupancy.  There are currently three tenants in the building, although the space could be arranged for an owner to take occupancy immediately.  The building contains several demised offices, as well as conference rooms and larger rooms that are perfectly laid out for training courses or presentations.  I-1 Zoning allows for a variety of uses and make this property very versatile.  Plenty of parking completes the package!

Take a look at our e-book located here.  If you would like more information or to arrange a showing, please contact either Greg Mahalick or Chip LaFleur.

2818 Vineland, Grand Rapids, MI

Without a doubt, one of the most effective means of getting a deal done in today’s economic climate is by making use of seller held financing.  2818 Vineland is a small, 1,920 square foot office building just off of 28th St., west of Kalamazoo Ave.  It’s listed for sale at just $130,000, and the seller is happy to provide the financing via a land contract with extremely reasonable terms.

If you would like to find out more about this property, please click here to access the listing information on CPIX.  If you have further questions or comments, please call Chip LaFleur at (616) 446-4197, or email clafleur@ccmichigan.com.

2905 Lucerne Drive

30,000 SF Office building available for sale or lease. This is a great opportunity for an owner occupied user.  Owners are very motivated and will consider a land contract.  Will consider all offers. Additional details are HERE, or contact Pamela Collins for more information.