700 Waverly Rd - Medical FOR SALE


Holland, MI 49423- Holland/Zeeland
$10,460,000 USD
805-279-3154
700 Waverly Rd, Holland, MI for Sale
$10,460,000 USD
Medical - FOR SALE
1/33
null | Request Cap Rate

700 Waverly Rd
Holland, MI 49423
Holland/Zeeland


HIGHLIGHTS

  • FREE MONEY! Awesome Economic Incentives available to Eligible Companies that Create Qualified Jobs in MI. (See Pages 6-7 of OM or contact MEDC)
  • Corporate HQ, Research & Development, Laboratories, High-Tech Facilities, Engineering, Educational, Medical, or Communication Center
  • Private executive window offices and conference rooms on 2nd and 3rd floors, with two large open office areas on each floor
  • Dedicated IT Server room and building-wide back-up generator
  • Auditorium Conference Center & Spacious Employee Lounge/Cafeteria

OVERVIEW

FREE MONEY! Awesome Economic Incentives available to Eligible Companies that Create Qualified Jobs in MI. (See Pages 6-7 of OM and/or attached information from Michigan Economic development Corporation (MEDC), and the City of Holland.) Advanced Computing, Biotechnology, Engineering, Laboratory Testing, Medical Device Technology, Product Research & Development, AI, Semiconductors and other High-Tech activities have been deemed priorities and may qualify for economic incentives. Rare opportunity to purchase an ±84,600 SF gorgeous office building in a park-like setting, located in the dynamic commercial district of Holland, MI, just 7 miles from Lake Michigan. Holland is part of the vibrant SW Michigan thriving economic hub that is home to global industry leaders with LG Energy Solutions Michigan Inc., Haworth HQ and Showroom, and GHSP - Global Headquarters, all within 1.6 miles from the Property. Great space for Corporate Headquarters, Logistics, or Training; Educational or Governmental Offices; Medical Offices; Creative Space or other uses. Bright, open atrium lobby leads to three full floors of private offices with exterior windows, open common workspace areas, conference rooms of various sizes, rest rooms and elevator access. New $300K Chiller installed in July 2024 that services the entire building. First floor includes a beautiful three-story atrium lobby, IT server room, spacious townhall/conference room/training center with movie-theater style projection room, kitchen/executive dining areas, employee lounge/cafeteria, conference rooms, private offices, a large open office area, and mail room. Second and third floors are ringed with private window offices and executive conference rooms (some with private restrooms). Each floor includes spacious open workspace areas with sectional dividers. Central restroom and coffee area facilities divide the upper floors into two similar half floors. Each floor could be subdivided to create space for multiple companies in the building. Great Incubator Space for strategic partners to grow together. Ground floor includes additional offices, training rooms, labs, mechanical room, and storage, as well as a garage with secure private parking for 8 autos. Large private surface parking lot included with space for approx. 300 vehicles. NEW 225-ton air cooled chilled HVAC system installed in 2024. Roof under warranty. Building-wide backup generator. Easy access via major freeways, with West Michigan Regional Airport 4.1 miles from Property, and the Gerald R. Ford International Airport just 34 miles away in Grand Rapids. SEE ATTACHED MICHIGAN BUSINESS DEVELOPMENT PROGRAM FACT SHEET, AND INFORMATION ON OTHER ECONOMIC INCENTIVES. MBDP PROVIDES GRANTS, LOANS AND OTHER ECONOMIC ASSISTANCE TO BUSINESSES FOR HIGHLY COMPETITIVE PROJECTS IN MI THAT CREATE JOBS AND/OR PROVIDE INVESTMENT TOWARD A NET-POSITIVE RETURN TO MI. CONTACT MICHIGAN ECONOMIC DEVELOPMENT CORPORATION (MEDC) FOR MORE INFORMAITON @ www.michiganbusiness.org The Strategic Outreach and Attraction Reserve (SOAR) Fund provides cash support to large-scale economic development projects and site preparation through two programs, the Critical Industry Program (CIP) and Michigan Strategic Site Readiness Program (MSSRP). For More information to attached fact sheet. Also note, a company relocating to this Property could be eligible for real property tax abatement subject to real property improvements. See attached information sheet for more information regarding the PA 198 real property tax abatement incentive, or visit: https://www.michigan.gov/taxes/property/exemptions/industrial-facilities/industrial-facilities-exemption. Interested Parties must complete their own research and analysis regarding the potential benefits of any of these programs. Availability or applicability of economic incentives is not guaranteed by brokers or property owners.

FOR SALE DETAILS

PRICE

$10,460,000 USD

PRICE/SF

$124 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

R&D, Loft/Creative Space, Office Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

308

LAND DETAILS

LAND ACRES

7.23 AC

LAND SF

314,939 SF

ZONING

Commercial

APN/PARCEL ID

70-16-33-477-026,70-16-33-477-028

ASK ABOUT THIS PROPERTY

Dawn DyerDyer Sheehan Group, Inc.More Info
805-279-3154

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Dawn DyerDyer Sheehan Group, Inc.More Info
805-279-3154

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.