Property Type Office - General Office
Property Size 39,500 SF
Lot Size 3.51 Acre
Parking Spaces Avail. 158
Parking Ratio 4.00/ 1,000 SF
Property Tenancy Multi-Tenant
Building Class B
Year Built 2003

Location

Map
Street

City Grand Rapids, MI
Neighborhood Grand Rapids
Zip Code 49546
Market Grand Rapids

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 Price
Arm's Length True
Buyer Name

Mortgages

Current Lender
Loan Amount
Loan Origination Date

Market Trends

Average Actual Rents in Grand Rapids

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Current Average Rent

Net Rent

$44.3/SF/YR

Recoverables Show detailsHide details

$16.7/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.

2020 Avg. Asking Rent $22.54
2020 Office Vacancy Rate 11.83%
2020 Office Completions (SF)

Tax

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