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1555 Arboretum Dr SE

Grand Rapids, MI
Floors
1
Total Size
104,961 sqft
Zoning
201 - COMMERCIAL IMPROVED
Year Constructed
0
Year Renovated
0
Building Class
Class B

About 1555 Arboretum Dr SE

This investment opportunity represents a 100% occupied office park centrally located in Cascade, MI. The offering consists of 5 buildings totaling 104,961 RSF spanning 14.5 Acres. The park like setting right on Watermark Country Club along with its close proximity to I-96 have allowed this property to experience near 100% occupancy with a strong mix of tenants. The offering is available for $9,500,000 representing a 9.77% cap rate on in place income.

TERMS: Cash or new mortgage

INDIV ELECTRIC METER: Yes.

INDIV GAS METER: Yes. - Area description: DIRECTIONS: East from I-96, just under 2-miles - Number of buildings: 4 - Class of space: Class B - Tenancy: Multiple Tenants

Internet Providers for 1555 Arboretum Dr SE

Provider Technology Max Download Speed Max Upload Speed
Comcast Cable
1 Gb/s
25 Mb/s
AT&T Michigan DSL
25 Mb/s
3 Mb/s
ACD.net DSL
25 Mb/s
3 Mb/s
Iserv DSL
10 Mb/s
768 kbps
Cavalier Telephone DSL
10 Mb/s
1.5 Mb/s
MegaPath Corporation Copper Wireline
6 Mb/s
6 Mb/s

The City: Forest Hills

On average, listings lease in the $10's per square foot per year. The Forest Hills region is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decrease in rent.

Median Rate Median Size
Forest Hills $19
/sqft/yr
1,230
sqft

Median Rate over Time in Forest Hills