4940 Cascade Road SE

Office: General

4940 Cascade Rd SE, Grand RapidsMI 49546

Property Details

Location

Address
4940 Cascade Rd SE, Grand RapidsMI 49546
County
Kent
Submarket
Ada/Cascade

Building Size

Building Size
24,963 SF
Rentable Space
3,933 SF

Building Details

Type
 Office: General
Number of Buildings
1
Occupancy Type
Multi-tenant
Percent Occupied
100%
Building Class
A
Building Status
Existing
Floors
3
Year Built
Sprinklers
Primary Const.
Framed
Parking Ratio

Land & Utilities

Land (Acres)
1.39 Acres
Land (SF)
60,356 SF
Electricity
Yes, Consumers Energy
Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
PUD OFFICE
Lot Depth
Lot Width
Stand. Electric
Yes

Contacts

Current Listings

ACCREDITED TURN-KEY SURGICAL SUITE (SUB-LEASE OR SALE)

3,933 SF$599,000
Keller Williams GR East - Commercial

Optimize your efficiency and productivity by offering your patients convenient access to schedule examinations, consultations, and surgical procedures in the same suite. Turn-key accredited surgical space including fully furnished administrative offices, staff breakroom, private reception, and pre/post op bays. Current physician wishes to lease back the OR and pre- and post-op bays on Tuesdays only.

Ample on-site parking on newly poured concrete surface lot. No Certificate of Need (CON) is currently in place. More highlights:

1. The surgery suite is located on the first floor of a Class A building located on Cascade Road

2. Accredited surgery facility w/custom ventilation and 4-hour back-up generator

3. Johnson Construction (specializes in surgery center projects) constructed the leasehold improvements

4. Fully furnished reception, break room, 3 furnished executive offices and several surgery prep and recovery bays

5. $250,000 of OR medical equipment included in the rent

6. New poured concrete surface parking

7. Sub-lease (modified gross lease structure) from current physician through March 2024; renewal options to be coordinated prior to close.

8. Physician who built out the space desires to lease back Tuesdays for surgeries and will supply own surgical supplies and meds. Surgeon occupies an administrative office across the hall.

Additional medical equipment lease agreement and supply of medicines and prescriptions are available in addition to the lease space (negotiable).

LEASE STRUCTURE: MODIFIED GROSS

Landlord expenses include pro-rata share of property taxes, commercial general liability insurance, utilities separately metered electric, plus pro rata share of other utilities, snowplowing, landscaping, and building exterior maintenance. Tenant pays for interior repairs and maintenance, janitorial, plumbing, mechanical, and electrical repair.

Keller Williams GR East - Commercial

Optimize your efficiency and productivity by offering your patients convenient access to schedule examinations, consultations, and surgical procedures in the same suite. Turn-key accredited surgical space including fully furnished administrative offices, staff breakroom, private reception, and pre/post op bays. Current physician wishes to lease back the OR and pre- and post-op bays on Tuesdays only.

Ample on-site parking on newly poured concrete surface lot. No Certificate of Need (CON) is currently in place. More highlights:

1. The surgery suite is located on the first floor of a Class A building located on Cascade Road

2. Accredited surgery facility w/custom ventilation and 4-hour back-up generator

3. Johnson Construction (specializes in surgery center projects) constructed the leasehold improvements

4. Fully furnished reception, break room, 3 furnished executive offices and several surgery prep and recovery bays

5. $250,000 of OR medical equipment included in the rent

6. New poured concrete surface parking

7. Sub-lease (modified gross lease structure) from current physician through March 2024; renewal options to be coordinated prior to close.

8. Physician who built out the space desires to lease back Tuesdays for surgeries and will supply own surgical supplies and meds. Surgeon occupies an administrative office across the hall.

Additional medical equipment lease agreement and supply of medicines and prescriptions are available in addition to the lease space (negotiable).

LEASE STRUCTURE: MODIFIED GROSS

Landlord expenses include pro-rata share of property taxes, commercial general liability insurance, utilities separately metered electric, plus pro rata share of other utilities, snowplowing, landscaping, and building exterior maintenance. Tenant pays for interior repairs and maintenance, janitorial, plumbing, mechanical, and electrical repair.

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

Source: Edward Myers

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