Bridge Pointe Office Park - 3940 Peninsular Drive SE

Off-Market

3940 Peninsular Drive SE, Grand Rapids, MI 49546

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  • Property Type Office - General Office
  • Property Size 34,015 SF
  • Lot Size 2.43 Acre
  • Parking Spaces Avail. 68
  • Parking Ratio 2.00 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1985

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 ®

    43/100 Car-Dependent
  • 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

  • Speedway

    0.34 miles

  • Shell

    0.34 miles

  • Sam's Club

    0.56 miles

  • Marathon

    0.66 miles

  • Shell

    0.66 miles

  • Pacific Pride

    1.33 miles

  • Costco Gasoline

    1.41 miles

  • Citgo

    1.54 miles

  • ChargePoint

    1.87 miles

  • BP

    1.91 miles

  • Lake Michigan Academy's Parking

    1.97 miles

  • Gerald R. Ford Airport Cell Phone Lot

    2.95 miles

  • School Bus Parking

    3.21 miles

  • bus parking

    3.71 miles

  • Stauffer Street Trailhead

    3.83 miles

  • MDOT Park & Ride - Kentwood

    3.88 miles

  • Woodward Lot

    3.98 miles

  • Plymouth Lot

    4.01 miles

  • East Albertus Lot

    4.05 miles

  • Ethel Parking Lot

    4.08 miles

  • Fairfield Inn & Suites Grand Rapids

    0.23 miles

  • Comfort Inn Airport

    0.43 miles

  • Extended Stay America - Grand Rapids - Kentwood

    0.55 miles

  • Staybridge Suites

    0.63 miles

  • Knights Inn Grand Rapids East

    0.64 miles

  • Sleep Inn & Suites

    0.69 miles

  • Holiday Inn

    0.71 miles

  • Residence Inn

    0.74 miles

  • Wyndham Garden Grand Rapids Airport

    0.76 miles

  • Ramada Plaza

    0.78 miles

  • Wendy's

    0.30 miles

  • Cantina Mexican Grill

    0.30 miles

  • Olive Garden

    0.30 miles

  • Chuck E. Cheese's

    0.33 miles

  • Buddy's Pizza

    0.34 miles

  • Denny's

    0.36 miles

  • Red Lobster

    0.37 miles

  • Cindy's Donuts & Ice Cream

    0.38 miles

  • Texas Roadhouse

    0.40 miles

  • Panera Bread

    0.42 miles

  • Calvin Theological Seminary

    1.11 miles

  • Calvin University

    1.17 miles

  • Martin Luther School

    1.53 miles

  • Martin School

    2.03 miles

  • Alexander Hamilton School

    2.13 miles

  • Woodcliff School

    2.15 miles

  • Breton Downs Elementary School

    2.22 miles

  • Shawnee Park School

    2.41 miles

  • Grand Rapids Christian High School

    2.64 miles

  • Lakeside Elementary School

    2.69 miles

  • Kelloggsville Early Childhood Learning Center

    6.40 miles

  • Adventures Learning Center

    7.64 miles

  • Milestones Child Development Center

    7.81 miles

  • Kids R Angels Childcare Center

    9.39 miles

Frequently Asked Questions

What is the total square footage of Bridge Pointe Office Park - 3940 Peninsular Drive SE?

Bridge Pointe Office Park - 3940 Peninsular Drive SE totals 34,015 square feet.

When was this property built?

Bridge Pointe Office Park - 3940 Peninsular Drive SE was built in 1985.

When was Bridge Pointe Office Park - 3940 Peninsular Drive SE last sold?

Bridge Pointe Office Park - 3940 Peninsular Drive SE was last sold on 09 Jul, 2015.

What is the property tax for Bridge Pointe Office Park - 3940 Peninsular Drive SE?

The property tax for Bridge Pointe Office Park - 3940 Peninsular Drive SE in 2023 was $156,229.

What is the market value for Bridge Pointe Office Park - 3940 Peninsular Drive SE?

The market value* for Bridge Pointe Office Park - 3940 Peninsular Drive SE in 2023 was $6,085,979.
*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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