321 Settlers Rd
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321 Settlers Rd
21,890 SF 100% Leased Office Building Holland, MI 49423 £2,545,725 (£116/SF) 7.32% Net Initial Yield
Executive Summary
First time offering for sale, this property is a signature building along the US-31 corridor in Holland. This prominent location has premium exposure and convenient access from anywhere in the lakeshore area.
Located between 8th & 16th Streets on the east side of US-31 in the city of Holland. The property is a fully leased investment opportunity featuring three quality tenant’s that have been longstanding businesses in the community. Cunningham Dalman PC, Wells Fargo Advisors & Lighthouse Title Group occupy the entirety of the building.
Located between 8th & 16th Streets on the east side of US-31 in the city of Holland. The property is a fully leased investment opportunity featuring three quality tenant’s that have been longstanding businesses in the community. Cunningham Dalman PC, Wells Fargo Advisors & Lighthouse Title Group occupy the entirety of the building.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
21,890 SF
Building Class
C
Year Built
1989
Price
£2,545,725
Price Per SF
£116
Net Initial Yield
7.32%
NOI
£186,347
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
10,945 SF
Building FAR
0.29
Lot Size
1.76 AC
Zoning
Commercial - Commercial Zoned District
Parking
92 Spaces (4.2 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Central Heating
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 70-16-28-477-015 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £777,739 |
PROPERTY TAXES
Parcel Number
70-16-28-477-015
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£777,739
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321 Settlers Rd
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