1925 Breton
Grand Rapids, MichiganAn example of being small enough to plan fast, and creative enough to dream big.
1925 Breton is a two-story suburban office building located in a prime retail corridor. The building was 100 percent vacant when purchased from a large, institutional investor that was unable to provide the attention and flexibility the building needed. The underlying fundamentals were strong enough to warrant the front-end risk of the purchase. The project was done in partnership with Rockford Development Group and subsequently renovated, primarily for a government-related tenant. The building was half-leased prior to the building renovations being completed, allowing for strong upside. After further leasing efforts, the building was sold at nearly full occupancy in 2021, providing investors with substantial returns in a short period of time.
Project Details
- Location
Grand Rapids, Michigan - Size
44,000 SF - Year Built
1974 - Most Recent Remodel
2019 - Acquisition Price
$1,550,000 (June 2016) - Property Management
Rockford Property Management - Construction
Rockford Construction / Hoty Builders - Value Added
- Complete renovation of interior and exterior of building
- Professional property management
- Provided Tenant Improvement Dollars
- Leased vacant space