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1045 Gezon Pkwy SWWyoming, MI 49509
Gezon Place Retail Center
Asset ClassRetail
Deal Size$4.77 M
Deal Size: $4.77 MCap Rate: 8%# Tenants: 5Access Data Room
Prime Suburban Retail Investment | Grand Rapids
overview of deal

Overview

Advantage Commercial Real Estate is pleased to present the sale of 1045 Gezon Parkway SW, a 25,668 SF multi-tenant retail center located in Wyoming, MI, a growing suburb of Grand Rapids.

 

  • Asking Price: $4,768,000
  • Cap Rate: 8.00%
  • NOI: $381,450
  • 25,668 SF
  • Multi-Tenant | 100% Occupied
  • Majority NNN Leases
  • Strong Suburban Location with High Traffic Counts

 

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Investment Highlights

1045 Gezon Parkway SW offers investors a fully stabilized, multi-tenant retail asset in a high-growth Grand Rapids suburb. The property is 100% leased to five tenants, four on NNN leases, ensuring consistent income with minimal landlord responsibilities and the ability to increase value through releasing the gross space to a net lease.

 

  • NOI: $381,450
  • 100% Occupied | Five Tenants
  • 4 of 5 NNN Leases | 82.20% Pro-rata share
  • 3.10-Year WALT
  • Modern Construction

Property Information

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Total Building Size
25,668 SF
Lot Size
2.96
Frontage
270’ on Gezon Parkway SW
Year Built
2007
Signage
Pylon and Building
Zoning
B-3, Planned Shopping Business District
3 Miles: Population | Households | Median Household Income
83,880 | 32,942 | $72,743
5 Miles: Population | Households | Median Household Income
215,673 | 81,947 | $75,818
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1045 Gezon Pkwy SWWyoming, MI 49509

Sales Team

Michael VisserPartner | Senior Vice President | Investment(616) 327-2617michael.visser@advantagecre.com
Mark Ansara Partner | Senior Vice President | Retail(616) 745-9290mark.ansara@advantagecre.com
Trent Wieringa SIORPartner | Senior Vice President | Industrial(616) 481-3868trent.wieringa@advantagecre.com
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Listing provided by Revere CRE