Bridge Pointe Office Park - 3855 Sparks Drive

Off-Market

3855 Sparks Drive SE, Grand Rapids, MI 49546

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - General Office
  • Property Size 77,005 SF
  • Lot Size 4.13 Acre
  • Parking Spaces Avail. 153
  • Parking Ratio 1.99 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1987

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Brokers

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Documents

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Sales

  • Purchase Date 09 Jul, 2015
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

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.

  • 2022 Avg. Asking Rent $23.00
  • 2022 Office Vacancy Rate 15.06%
  • 2022 Office Completions (SF) 331,938
View more Grand Rapids market trends

Location

Getting Around

  • Walk Score ®

    58/100 Somewhat Walkable
  • Transit Score ®

    31/100 Some Transit
  • Bike Score ®

    52/100 Bikeable
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood Ridgemoor
  • Zip Code 49546
  • Market Grand Rapids

Points of Interest

  • Grand Rapids

    5.81 miles

  • Shell

    0.28 miles

  • Speedway

    0.30 miles

  • Sam's Club

    0.55 miles

  • Marathon

    0.61 miles

  • Shell

    0.62 miles

  • Pacific Pride

    1.27 miles

  • Costco Gasoline

    1.43 miles

  • Citgo

    1.56 miles

  • BP

    1.86 miles

  • Shell

    1.90 miles

  • Lake Michigan Academy's Parking

    1.95 miles

  • Gerald R. Ford Airport Cell Phone Lot

    2.90 miles

  • School Bus Parking

    3.28 miles

  • bus parking

    3.68 miles

  • Stauffer Street Trailhead

    3.75 miles

  • MDOT Park & Ride - Kentwood

    3.94 miles

  • Woodward Lot

    4.01 miles

  • Plymouth Lot

    4.04 miles

  • East Albertus Lot

    4.07 miles

  • Ethel Parking Lot

    4.10 miles

  • Fairfield Inn & Suites Grand Rapids

    0.17 miles

  • Comfort Inn Airport

    0.41 miles

  • Extended Stay America - Grand Rapids - Kentwood

    0.46 miles

  • Staybridge Suites

    0.54 miles

  • Knights Inn Grand Rapids East

    0.56 miles

  • Holiday Inn

    0.62 miles

  • Sleep Inn & Suites

    0.66 miles

  • Ramada Plaza

    0.72 miles

  • Residence Inn

    0.77 miles

  • Wyndham Garden Grand Rapids Airport

    0.78 miles

  • Olive Garden

    0.22 miles

  • Wendy's

    0.22 miles

  • Cantina Mexican Grill

    0.25 miles

  • Chuck E. Cheese's

    0.26 miles

  • Denny's

    0.28 miles

  • Red Lobster

    0.29 miles

  • Buddy's Pizza

    0.31 miles

  • Texas Roadhouse

    0.31 miles

  • Cindy's Donuts & Ice Cream

    0.33 miles

  • Panera Bread

    0.33 miles

  • Calvin Theological Seminary

    1.13 miles

  • Calvin University

    1.22 miles

  • Martin Luther School

    1.54 miles

  • Alexander Hamilton School

    2.06 miles

  • Martin School

    2.11 miles

  • Woodcliff School

    2.19 miles

  • Breton Downs Elementary School

    2.22 miles

  • Shawnee Park School

    2.39 miles

  • Grand Rapids Christian High School

    2.61 miles

  • Excel Charter Academy

    2.65 miles

  • Kelloggsville Early Childhood Learning Center

    6.33 miles

  • Adventures Learning Center

    7.58 miles

  • Milestones Child Development Center

    7.76 miles

  • Kids R Angels Childcare Center

    9.36 miles

Frequently Asked Questions

What is the total square footage of Bridge Pointe Office Park - 3855 Sparks Drive?

Bridge Pointe Office Park - 3855 Sparks Drive totals 77,005 square feet.

When was this property built?

Bridge Pointe Office Park - 3855 Sparks Drive was built in 1987.

When was Bridge Pointe Office Park - 3855 Sparks Drive last sold?

Bridge Pointe Office Park - 3855 Sparks Drive was last sold on 09 Jul, 2015.

What is the property tax for Bridge Pointe Office Park - 3855 Sparks Drive?

The property tax for Bridge Pointe Office Park - 3855 Sparks Drive in 2023 was $340,109.

What is the market value for Bridge Pointe Office Park - 3855 Sparks Drive?

The market value* for Bridge Pointe Office Park - 3855 Sparks Drive in 2023 was $13,197,841.

*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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