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Airport Business Park - 3850 Broadmoor

Off-Market

3850 Broadmoor Avenue, Grand Rapids, MI 49512

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  • Property Type Office - General Office
  • Property Size 82,000 SF
  • Lot Size 8.93 Acre
  • Property Tenancy Owner Occupied
  • Building Class A
  • Year Built 1998

Location

  • City Grand Rapids, MI
  • Neighborhood Kentwood
  • Zip Code 49512
  • Market Grand Rapids

Contacts

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Owner

  • True Owner

Brokers

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Documents

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Sales

  • Purchase Date 24 Jan, 2017
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Grand Rapids

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Grand Rapids Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $22.54
  • 2020 Office Vacancy Rate 11.83%
  • 2020 Office Completions (SF)
View more Grand Rapids market trends

Tax

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of Airport Business Park - 3850 Broadmoor?

Airport Business Park - 3850 Broadmoor totals 82,000 square feet.

When was this property built?

Airport Business Park - 3850 Broadmoor was built in 1998.

When was Airport Business Park - 3850 Broadmoor last sold?

Airport Business Park - 3850 Broadmoor was last sold on 24 Jan, 2017.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.