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4047 Eastern Ave SE

Kentwood, MI
Total Size
97,438 sqft
Zoning
INDUSTRIAL IMPROVED
Year Constructed
0
Year Renovated
0
Building Class

About 4047 Eastern Ave SE

Investment offering represents a building secured by a brand new 15 year NNN lease from Kindel Furniture Co and the Taylor Company; two highly respected Grand Rapids based companies with a long history of manufacturing in Grand Rapids, MI. The companies produce high end specialty furniture and niche wood carved prodcuts for worldwide distribution from this facility. The sale represents a 9% cap based on in-place income and a value of $50,000/acre for the currently vacant 7.5 acres. The existing building offers 90,438 SF of main level manufacturing and office space and 7,000 sf of additional mezzanine space, totaling 97,438 SF ($26.10/SF). The parcel is comprised of 14.5 acres with street access to Eastern Avenue, 40th Avenue, and Linden Street located directly East of Roger B Chaffee.

INDIV ELECTRIC METER: Yes. INDIV GAS METER: Yes. - Tenancy: Single Tenant

Internet Providers for 4047 Eastern Ave SE

Provider Technology Max Download Speed Max Upload Speed
Comcast Cable
1 Gb/s
25 Mb/s
AT&T Michigan DSL
25 Mb/s
1.5 Mb/s
MegaPath Corporation Copper Wireline
6 Mb/s
6 Mb/s

The City: Wyoming

On average, listings lease in the $20's per square foot per year. The Wyoming submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 18% rise in rent.

Median Rate Median Size
Wyoming $24
/sqft/yr
5,670
sqft

Median Rate over Time in Wyoming