Metro Health Park East

Off-Market

4055 Cascade Road 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 - Medical Office
  • Property Size 82,000 SF
  • Lot Size 5.58 Acre
  • Parking Spaces Avail. 336
  • Parking Ratio 4.10 / 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class A
  • Year Built 2007

Contacts

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Owner

  • True 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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Documents

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Sales

  • Purchase Date 11 Aug, 2017
  • 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 ®

    25/100 Car-Dependent
  • Bike Score ®

    34/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Grand Rapids, MI
  • Neighborhood Grand Rapids
  • Zip Code 49546
  • Market Grand Rapids

Points of Interest

  • Grand Rapids

    5.29 miles

  • Shell

    0.10 miles

  • Speedway

    0.15 miles

  • Marathon

    0.65 miles

  • Forest Hills Fuel

    0.69 miles

  • Marathon

    2.39 miles

  • Shell

    2.43 miles

  • D&W Quick Stop

    2.44 miles

  • Speedway

    2.53 miles

  • Mobil

    2.56 miles

  • Shell

    2.56 miles

  • MDOT Park & Ride - Kentwood

    1.87 miles

  • School Bus Parking

    2.49 miles

  • Lake Michigan Academy's Parking

    2.54 miles

  • Woodward Lot

    2.89 miles

  • Plymouth Lot

    2.99 miles

  • East Albertus Lot

    3.05 miles

  • Bukowski Lot

    3.17 miles

  • Ethel Parking Lot

    3.28 miles

  • Eastown Hub Parking Lot

    3.30 miles

  • Mayfield Lot

    3.35 miles

  • Country Inn & Suites

    1.78 miles

  • Residence Inn

    2.45 miles

  • Fairfield Inn & Suites Grand Rapids

    2.45 miles

  • Comfort Inn Airport

    2.51 miles

  • Wyndham Garden Grand Rapids Airport

    2.53 miles

  • Ramada Plaza

    2.63 miles

  • Courtyard By Marriott

    2.64 miles

  • DoubleTree by Hilton Hotel Grand Rapids Airport

    2.65 miles

  • Rodeway Inn

    2.67 miles

  • Knights Inn Grand Rapids East

    2.68 miles

  • Knollcrest Dining Hall

    1.44 miles

  • Rose's

    2.21 miles

  • Anna's House

    2.23 miles

  • Culver's

    2.28 miles

  • Wok & Mortar

    2.36 miles

  • Olive’s Restaurant and Bar

    2.38 miles

  • Big Bobs Pizza

    2.43 miles

  • Chuck E. Cheese's

    2.45 miles

  • Ucellos's

    2.48 miles

  • Cantina Mexican Grill

    2.50 miles

  • Martin School

    0.41 miles

  • Collins School

    0.80 miles

  • Calvin University

    1.35 miles

  • Woodcliff School

    1.53 miles

  • Calvin Theological Seminary

    1.74 miles

  • Martin Luther School

    2.00 miles

  • Lincoln School

    2.06 miles

  • East Grand Rapids Middle School

    2.06 miles

  • East Grand Rapids High School

    2.21 miles

  • Lakeside Elementary School

    2.24 miles

  • Kelloggsville Early Childhood Learning Center

    7.55 miles

  • Adventures Learning Center

    9.70 miles

  • Milestones Child Development Center

    9.85 miles

Frequently Asked Questions

What is the total square footage of Metro Health Park East?

Metro Health Park East totals 82,000 square feet.

When was this property built?

Metro Health Park East was built in 2007.

When was Metro Health Park East last sold?

Metro Health Park East was last sold on 11 Aug, 2017.

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