Updated Oct 29, 2025
Freedom Functional Medicine Leases 7,247 SF Medical Office In Grand Rapids Represented By Josh Wiser
1787 Grand Ridge Court Northeast
Building Size
7,247 SF
Asset Type
Medical Office
Closing
Oct 28, 2025
About this deal
AI
The asset involved in the transaction is a medical office located at 1787 Grand Ridge Court Northeast, Grand Rapids, MI. The property encompasses 7,247 square feet, designed for medical functions.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: Not specified
- Address: 1787 Grand Ridge Court Northeast
- Market: Grand Rapids, MI
- Square Footage: 7,247
- Tenant: Freedom Functional Medicine
- Landlord Representative: Hillary Taatjes Woznick & Doug Taatjes - NAI Global
- Tenant Representative: Josh Wiser - Keller Williams Realty
Freedom Functional Medicine secured a lease for the medical suite at the specified address, facilitated by representation from Keller Williams' Josh Wiser for the tenant and NAI Global's Hillary Taatjes Woznick and Doug Taatjes for the landlord.
Players
Grand Rapids Medical Office Market Snapshot
Boundary boundary · Medical Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93