442 Century Lane is an approximately 10,205 SF
office building in Holland, Michigan, fully occupied by
five tenants on landlord-friendly leases, generating
approximately $103,000 in net operating income.
Approximately 50% of the center is occupied by
tenants on modified gross leases and the other 50%
of the property is occupied by tenants on NN leases
(reimbursing for property taxes and CAM). Landlord
responsibilities include maintenance of the structure
and property insurance.
The property may be sold as a portfolio with the
neighboring office, 426 Century Lane.
Located in the rapidly growing east side of Holland at the intersection of Century Lane and East 16th Street within a suburban office park serving healthcare and consulting services.
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
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