Bridge Pointe Office Park - 3950 Sparks Drive SE

Off-Market

3950 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 60,000 SF
  • Lot Size 3.46 Acre
  • Parking Spaces Avail. 120
  • Parking Ratio 2.00 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1992

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.

  • 2021 Avg. Asking Rent $21.65
  • 2021 Office Vacancy Rate 14.55%
  • 2021 Office Completions (SF) 329,230

Grand Rapids Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2021 Avg. Price per SF $163.26
  • Y-o-Y Avg. PpSF Change -17.52%
  • 2021 Office Sales Volume $31.7M
  • 2021 Number of Transactions 3
View more Grand Rapids market trends

Location

Getting Around

  • Walk Score ®

    50/100 Somewhat Walkable
  • Transit Score ®

    31/100 Some Transit
  • Bike Score ®

    53/100 Bikeable
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood Ridgemoor
  • Zip Code 49546
  • Market Grand Rapids

Points of Interest

  • Grand Rapids

    5.91 miles

  • Shell

    0.18 miles

  • Speedway

    0.19 miles

  • Sam's Club

    0.45 miles

  • Shell

    0.69 miles

  • Marathon

    0.69 miles

  • Pacific Pride

    1.17 miles

  • Costco Gasoline

    1.35 miles

  • Citgo

    1.49 miles

  • ChargePoint

    1.83 miles

  • Grand Rapids Supercharger

    1.87 miles

  • Lake Michigan Academy's Parking

    2.05 miles

  • Gerald R. Ford Airport Cell Phone Lot

    2.79 miles

  • School Bus Parking

    3.28 miles

  • Stauffer Street Trailhead

    3.71 miles

  • bus parking

    3.75 miles

  • MDOT Park & Ride - Kentwood

    4.04 miles

  • Woodward Lot

    4.12 miles

  • Plymouth Lot

    4.14 miles

  • East Albertus Lot

    4.18 miles

  • Wing Street Trailhead

    4.20 miles

  • Fairfield Inn & Suites Grand Rapids

    0.07 miles

  • Comfort Inn Airport

    0.32 miles

  • Extended Stay America - Grand Rapids - Kentwood

    0.41 miles

  • Staybridge Suites

    0.49 miles

  • Sleep Inn & Suites

    0.56 miles

  • Holiday Inn

    0.58 miles

  • Knights Inn Grand Rapids East

    0.59 miles

  • Residence Inn

    0.70 miles

  • Wyndham Garden Grand Rapids Airport

    0.70 miles

  • Ramada Plaza

    0.77 miles

  • Cantina Mexican Grill

    0.15 miles

  • Wendy's

    0.15 miles

  • Olive Garden

    0.16 miles

  • Buddy's Pizza

    0.20 miles

  • Red Lobster

    0.21 miles

  • Denny's

    0.22 miles

  • Cindy's Donuts & Ice Cream

    0.22 miles

  • Texas Roadhouse

    0.28 miles

  • Burger King

    0.29 miles

  • Chuck E. Cheese's

    0.30 miles

  • Calvin Theological Seminary

    1.24 miles

  • Calvin University

    1.33 miles

  • Martin Luther School

    1.64 miles

  • Alexander Hamilton School

    2.09 miles

  • Martin School

    2.18 miles

  • Woodcliff School

    2.29 miles

  • Breton Downs Elementary School

    2.33 miles

  • Shawnee Park School

    2.48 miles

  • Excel Charter Academy

    2.64 miles

  • Grand Rapids Christian High School

    2.69 miles

  • Kelloggsville Early Childhood Learning Center

    6.37 miles

  • Adventures Learning Center

    7.48 miles

  • Milestones Child Development Center

    7.65 miles

  • Kids R Angels Childcare Center

    9.25 miles

Frequently Asked Questions

What is the total square footage of Bridge Pointe Office Park - 3950 Sparks Drive SE?

Bridge Pointe Office Park - 3950 Sparks Drive SE totals 60,000 square feet.

When was this property built?

Bridge Pointe Office Park - 3950 Sparks Drive SE was built in 1992.

When was Bridge Pointe Office Park - 3950 Sparks Drive SE last sold?

Bridge Pointe Office Park - 3950 Sparks Drive SE was last sold on 09 Jul, 2015.

What is the property tax for Bridge Pointe Office Park - 3950 Sparks Drive SE?

The property tax for Bridge Pointe Office Park - 3950 Sparks Drive SE in 2022 was $255,156.

What is the market value for Bridge Pointe Office Park - 3950 Sparks Drive SE?

The market value* for Bridge Pointe Office Park - 3950 Sparks Drive SE in 2022 was $9,939,727.
*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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