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West Michigan Medical Center 3322 Beltline Ct NE
14,413 SF Vacant Office Building Grand Rapids, MI 49525 £1,760,513 (£122/SF)
Investment Highlights
- Superior Medical Office
- Loads of natural light
Executive Summary
Financial Summary (Pro forma - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£206,229
|
£14.31
|
| Other Income |
£34,256
|
£2.38
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£240,484
|
£16.69
|
| Taxes |
£26,187
|
£1.82
|
| Operating Expenses |
£36,814
|
£2.55
|
| Total Expenses |
£63,001
|
£4.37
|
| Net Operating Income |
£177,483
|
£12.31
|
Financial Summary (Pro forma - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £206,229 |
| Annual Per SF | £14.31 |
| Other Income | |
|---|---|
| Annual | £34,256 |
| Annual Per SF | £2.38 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £240,484 |
| Annual Per SF | £16.69 |
| Taxes | |
|---|---|
| Annual | £26,187 |
| Annual Per SF | £1.82 |
| Operating Expenses | |
|---|---|
| Annual | £36,814 |
| Annual Per SF | £2.55 |
| Total Expenses | |
|---|---|
| Annual | £63,001 |
| Annual Per SF | £4.37 |
| Net Operating Income | |
|---|---|
| Annual | £177,483 |
| Annual Per SF | £12.31 |
Property Facts
Amenities
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Christian Healthcare Centers
- Health Care and Social Assistance
- 9,106 SF
- £16.03
- Plus All Utilities
- Dec 2024
- Specialty Medical
- Health Care and Social Assistance
- 5,499 SF
- £10.17
- NNN
- Dec 2029
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Christian Healthcare Centers | Health Care and Social Assistance | 9,106 SF | £16.03 | Plus All Utilities | Dec 2024 | |
| Specialty Medical | Health Care and Social Assistance | 5,499 SF | £10.17 | NNN | Dec 2029 |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Blue Rock Commercial Real Estate is pleased to present this Medical Office. Beautifully decorated and ready for occupancy.
Space would be perfect for a medical office or dental office. The 5,499SF available suite has a large waiting/reception area, admin/patient check in/check-out area in addition to several management offices and exam rooms which total 15. This end unit suite has a great deal of natural light with 10 private offices with windows. The suite has separate full basement for extra storage.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 100 | 9,102 SF | Office/Medical | Full Build-Out | Now |
| 1st Fl-Ste 101 | 5,311 SF | Office/Medical | Full Build-Out | Now |
1st Fl-Ste 100
| Size |
| 9,102 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 101
| Size |
| 5,311 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 100
| Size | 9,102 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
Blue Rock Commercial Real Estate is pleased to present this Medical Office. Beautifully decorated and ready for occupancy.
1st Fl-Ste 101
| Size | 5,311 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
Space would be perfect for a medical office or dental office. The 5,499SF available suite has a large waiting/reception area, admin/patient check in/check-out area in addition to several management offices and exam rooms which total 15. This end unit suite has a great deal of natural light with 10 private offices with windows. The suite has separate full basement for extra storage.
PROPERTY TAXES
| Parcel Number | 41-10-35-125-028 | Total Assessment | £525,102 (2024) |
| Land Assessment | £0 (2024) | Annual Taxes | £26,187 (£1.82/sf) |
| Improvements Assessment | £0 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Presented by
West Michigan Medical Center | 3322 Beltline Ct NE
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