Active
Brentwood II
Grand Rapids, MI · 31,800 SF
- Price
- $3,260,000
- Cap rate
- 8.65%
- NOI
- $281,990
- Term remaining
- rent roll
Lease and credit
- Term remaining
- rent roll
- Listing ID
- FNL-24263
Rent roll
Rollover concentration matters more than average lease term. The schedule below shows when income actually expires.
| Tenant | SF | Rent PSF | Expiry |
|---|---|---|---|
| Regional fitness | 14,000 | $9.75 | 2030-04 |
| Quick-service restaurant | 2,200 | $26.50 | 2028-08 |
| Medical services | 5,400 | $18.00 | 2029-11 |
- Occupancy
- 88.00%
- Expense ratio
- 31.00%
- CAM structure
- Pro-rata, capped at 4% annual
Documents
- Offering memorandumRequest access
- Rent rollRequest access
- FinancialsRequest access
Listing broker
Practice leadPractice lead — multitenant retailMultitenant and grocery-anchored retail(248) 254-3410
Direct line pending roster confirmation — this is the main office number.
Comparable closed sales
| Property | Market | Price | Cap | Closed | Status |
|---|---|---|---|---|---|
| The Shoppes at Albertville Crossings | Albertville, MN | $7,450,000 | 8.25% | 2025 | Sold · closed comp |
| Woodbury Center | Woodbury, MN | $5,100,000 | 8.45% | 2024 | Sold · closed comp |
Similar listings
| Property | Market | Price | Cap | Term | Status |
|---|---|---|---|---|---|
| Harvey Ellis Shopping Center | Norton Shores, MI | $4,850,000 | 8.40% | rent roll | Active |