Real Estate Equity Mixed use
833 Michigan Street
Grand Rapids, Michigan Syndication Active
Value-Add Real Estate Redevelopment
Real Estate Equity Office
4500 Cascade Road Grand Rapids, Michigan
- Asset type
- Office
- Strategy
- Value-Add Real Estate
- Transaction
- Repositioning
- Category
- Real Estate Equity
- Structure
- Syndication
- Status
- Active
- Size
- 17,800 sq ft
Project overview
Project overview: 4500 Cascade Road
Two-story, 17,800-square-foot professional office building in Grand Rapids, renovated in 2020 for multi-tenant medical and office use.
4500 Cascade Road SE is a two-story professional office building in Grand Rapids, Michigan. It has approximately 17,800 square feet of space and is configured for several tenants. Carbon River Capital's investment is structured as a syndication.
The asset
The building was constructed in 1972. It has a history of medical and dental occupancy, and it also suits executive office users. The site has 109 parking spaces and quick access to I-96. Suites can be delivered in shell condition or built out to a tenant's specification.
The Opportunity
A 1972 office building on Cascade Road SE in Grand Rapids with a history of medical and dental occupancy. Before the renovation it was structurally sound but dated, in a strong suburban submarket.
Carbon River's Approach
In 2020 Third Coast Development, the development firm led by Carbon River's principals, completed a full renovation. The work covered the common areas, roof, HVAC, landscaping, signage, and parking. The floor plate was reworked so that space can be divided flexibly among tenants.
Current Status / Outcome
The renovation was completed in 2020. We hold the property for the long term, configured for several tenants, with suites offered from shell condition to full build-out.
Related strategy
How this investment fits our strategy
Opportunity takes many forms.
We welcome inquiries from property owners, business owners, brokers, lenders, investment professionals and others interested in learning more about Carbon River Capital.
Whether you are considering the sale of a property, exploring a sale-leaseback or recapitalization, or presenting an investment opportunity, contact our team.