28th Street Portfolio
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28th Street Portfolio
2 Retail Properties Offered at $2,480,000 in Multiple Locations
Investment Highlights
- Fully leased investment opportunity
Executive Summary
Fully leased investment opportunity with 2 buildings located at 28th St SW and Burlingame Ave. Occupied by Gerber Collision since 2004. Gerber has recently signed a 10 year renewal on their lease. The other building is occupied by RightWay Auto Sales since 2012. RightWay has 52 locations. Their lease goes until 2025 however they have seven more 3 year extensions options on their lease. This listing is offered as a package and cannot be split.
CAP RATE Gerber 7.75% - RightWay 8.75%
For more information call the listing broker and sign a confidentiality agreement.
CAP RATE Gerber 7.75% - RightWay 8.75%
For more information call the listing broker and sign a confidentiality agreement.
Property Facts
| Price | $2,480,000 | Number of Properties | 2 |
| Price / SF | $141.35 / SF | Individually For Sale | 0 |
| Cap Rate | 8.25% | Total Building Size | 17,545 SF |
| Sale Type | Investment | Total Land Area | 11.30 AC |
| Status | Active |
| Price | $2,480,000 |
| Price / SF | $141.35 / SF |
| Cap Rate | 8.25% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 17,545 SF |
| Total Land Area | 11.30 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Gm Certified Used Vehicles
1680 28th St SW, Wyoming, MI 49519 |
Retail | 5,300 SF | 1980 | - |
| 1644 28th St SW, Grand Rapids, MI 49509 | Retail | 12,245 SF | 1970 | - |
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Kurt Kunst -
NAI Wisinski of West Michigan
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