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West Michigan Industrial Spotlight
2016/2017
Wisinski of
West Michigan
Personalized service &
collaborative teamwork.
Why NAI?
Your business is our business. Personalized service and collaborative teamwork form the core of our philosophy. We provide custom
solutions focused on your business objectives, taking a fiduciary position with your asset to maximize value at each point of the
process.
We will listen, take a holistic view of your business, and apply our commercial knowledge to maximize potential, guide your
investment, and add value. When appropriate, we are eager to push the boundaries and do things differently, as our singular purpose is
to achieve better outcomes for our clients. We are local and we are global. Our diversified platform spans from Grand Rapids across North
and South America and the Caribbean, Europe, the Middle East, Africa, and in the Asia Pacific region.
With our careful selection of seasoned professionals who are deeply rooted in their markets, we have developed our business to
support yours over the long-term. And as you look at growth markets, so do we—with more offices globally than any other
commercial real estate firm. We are actively expanding in strategic locations so we can help you stay ahead of your competition.
In the spring of 2011, two successful and reputable companies, The Wisinski Group and NAI West
Michigan merged. The merger represents collaboration, rich traditions, innovative technologies, unique
cultures and diversity of skills and specialties which ultimately benefit our clients. We’re going back to
our fundamentals, strengthening our core, and becoming stronger in the services we provide our cli-
ents. Our focus is simple, building client relationships for life by offering market appropriate advice and
then executing. Our success is a direct result of its unwavering commitment to providing the best pos-
sible service to each and every client. Our Brokers, with their 590 plus years of combined experience
(22 years average), possess the knowledge and expertise to manage the most complex transactions in
industrial, office, retail, and multi-family specialities throughout West Michigan.
Trusted to do
what we say we will do.
Serving West and Southwest Michigan with offices in Grand Rapids and Kalamazoo
Kurt Kunst, SIOR,
CCIM
616 242 1116
kurtk@naiwwm.com
Jeremy Veenstra
616 242 1105
jeremyv@naiwwm.com
David Smies, CCIM,
SIOR
Doug Taatjes, CCIM,
SIOR
616 292 1828
dougt@naiwwm.com
Chris Prins
616 242 1107
chrisp@naiwwm.com
Kara Schroer
269 459 0435
Chadwick Versluis,
SIOR
616 242 1125
chadv@naiwwm.com
Industrial Specialists
Jim Badaluco, SIOR
616 450 9428
jimb@naiwwm.com
Dane Davis
269 459 0434
daned@naiwwm.com
Stuart Kingma, SIOR
616 575 7022
skingma@naiwwm.com
Cameron Timmer
616 485 4131
cameront@naiwwm.com
Marc Tourangeau, MBA
269 207 3072
marct@naiwwm.com
Stanley Wisinski III, SIOR,
CCIM
616 575 7015
Local Knowledge. Global Reach.
Achieve More.
Meet Our Industrial Team
840 Ottawa Ave. NW
SALE: 13,600 SF
Stu Kingma, SIOR
4600 W. Dickman Rd.
Battle Creek
LEASE: 116,000-158,066 SF
Kara Schroer, Dane Davis, Chris Prins
3720 West River Dr.
LEASE: 2,000 SF
Kurt Kunst, CCIM, SIOR
Available NAI Wisinski Industrial Properties (For a complete list, visit naiwwm.com)
8300 Logistic Dr.
SALE/LEASE: 12,855 SF
Stu Kingma, SIOR
3011 Mill Iron Rd. S
LEASE: 6,850-12,650 SF
Stu Kingma, SIOR
9444-9446 S. Greenville Rd.,
Greenville
SALE: 11,680 SF
LEASE: 5,840-11,680 SF
Jeremy Veenstra
533 32nd St. SE
SALE: 3,200 SF
Stu Kingma, SIOR
2630 Prairie St. SW
LEASE: 28,000 SF
Chadwick Versluis, SIOR
3601 Lake St., Kalamazoo
LEASE: 17,268 SF
Marc Tourangeau, MBA
1354 King Hwy, Suite: 1354
Kalamazoo
LEASE: 6,900 SF
Jeremy Veenstra
2044 Peck St., Muskegon
SALE: 22,293 SF
Kurt Kunst, CCIM, SIOR
Pentatech Industrial Park
Zeeland
SALE: 2.80-6.55 ACRES
Stu Kingma, SIOR
7357 Expressway Ct. SW
Suite A
LEASE: 30,000 SF
Stu Kingma, SIOR
5205 W. River Dr. NE
SALE: 2.01 ACRES
Chadwick Versluis, SIOR
7974-86 Clyde Park Ave. SW
LEASE: 1,800-3,600 SF
Jeremy Veenstra
DOWNTOWN
3765 Broadmoor Ave. SE
LEASE: 4,416-4,816 SF
Doug Taatjes, CCIM, SIOR
DOCK/DRIVE-IN
320 Hall St. SW, Suite A
LEASE: 90,000 SF
Kurt Kunst, CCIM, SIOR
Stu Kingma, SIOR
5599 Amy School Rd.
SALE/LEASE: 27,226 SF
Kurt Kunst, CCIM, SIOR
311 28th St. SE
SALE: 8,486 SF
Stu Kingma, SIOR
HIGHVISABILITY
14385 8th Ave., Suite B
LEASE: 2,400 SF
Kurt Kunst, CCIM, SIOR
HWYEXPOSURE
HWYACCESSRAREFIND
OFFICESERVICE
CLEANSPACE
25TONCRANES
DOCKS
INDUSTRIALLAND
5830 Clyde Park Ave. SW
SALE: 9.79 ACRES
Stu Kingma, SIOR
4592 40th St. SE
LEASE: 10,000 SF
Dave Smies, CCIM, SIOR
10421 Northland Dr. NE
SALE: 26,304 SF
Stu Kingma, SIOR
3085 Walkent Dr. NW
SALE: 19,824 SF
Kurt Kunst, CCIM, SIOR
Stan Wisinski, CCIM, SIOR
2385 Walker Ave. NW
LEASE: 11,990 SF
Chadwick Verluis, SIOR
300 & 301 36th St. SW
SALE: 20-79.96 ACRES
Stu Kingma, SIOR
4412 Coloma Rd.,Coloma
LEASE: 114,050-423,230 SF
Stan Wisinski, CCIM, SIOR
Dane Davis, Kara Schroer
500 & 532 Grandville Ave.
SW
SALE: 41,302 SF
Stu Kingma, SIOR
3141 Chicago Dr. SW
SALE: 10,200 SF
Doug Taatjes, CCIM, SIOR
3956 3 Mile Rd.
SALE: 2.13 ACRES
Chadwick Verluis, SIOR
5960 S. Sprinkle Rd., Portage
LEASE: 9,200-20,000 SF
SALE: 24,200 SF
Dane Davis
Kara Schroer
530 32nd St. SE
SALE: 9,114 SF
Stu Kingma, SIOR
828 DuoTang Rd.,Paw Paw
LEASE: 2,100-65,030 SF
Marc Tourangeau, MBA
421 E. Elm St.
SALE/LEASE: 22,330 SF
Stu Kingma, SIOR
3378 3 Mile Rd. NW
SALE/LEASE: 104,864 SF
Stu Kingma, SIOR
19342 Lake Montcalm Rd.
SALE/LEASE: 48,300 SF
Kurt Kunst, CCIM, SIOR
220 Aylworth Ave.
South Haven
SALE: 84,900 SF
Dane Davis, Kara Schroer
606.5 N Main St.
SALE: 5,250 SF
Doug Taatjes, CCIM, SIOR
4755 Campus Drive,
Kalamazoo
SALE: 4.3 ACRES
Marc Tourangeau, MBA
1525 Townline Rd.,
Benton Harbor
SALE/LEASE: 4,800-46,405 SF
Kara Schroer
Dane Davis
MAINTOMAINFRESHREMODEL
HWYEXPOSURE
BTRPARK
BUDGETSOLUTION
37DOCKS
LEASED-INVESTMENTPENDING
SITE36
DOWNTOWNSUPERFUNCTIONAL
1611 N. Grand River Ave.
SALE: 116,122 SF
Russ Bono
2710 Northridge Dr.NW
LEASE: 52,500-78,750 SF
Stu Kingma, SIOR
4710 44th St. SE
LEASE: 44,630 SF
Kurt Kunst, CCIM, SIOR
Doug Taatjes, CCIM, SIOR
6949 Broadmoor Ave. SE
SALE: 31.32 ACRES
Cameron Timmer
1761 Airport Ct.
LEASE: 51,998 -123,348 SF
SALE: 123,348 SF
Stu Kingma, SIOR
Available NAI Wisinski Industrial Properties (For a complete list, visit naiwwm.com)
3729 Patterson Ave. SE
Suite 2
LEASE: 64,600 SF
Dave Smies, CCIM, SIOR
3175, 3131 & 3140 Union
Ave. SE and 535 32nd St. SE
SALE: 58,679 SF
Stu Kingma, SIOR
68028 US-131, White Pigeon
SALE: 10,000 SF
Marc Tourangeau, MBA
2103, 2121, 1977 & 1973
Alpine Ave. NW
SALE: 22 ACRES
LEASE: 713 SF
Chadwick Versluis, SIOR
900 BrooksAve.
LEASE: 35,000-75,950 SF
Stu Kingma, SIOR
4700 Garfield St.
SALE: 53.73 ACRES
Cameron Timmer
1860 Alpine Ave. NW
SALE: 115,691 SF
Stu Kingma, SIOR
1286 Pipestone Rd.,
Benton Harbor
LEASE: 11,712 SF
Joshua Jacobs
921 W. Western Ave.
SALE: 16,000 SF
Dick Jasinski
529 32nd St. SE
SALE: 21,864 SF
Stu Kingma, SIOR
922 N. M-37, Hastings
SALE: 41,795
Kurt Kunst, CCIM, SIOR
13617 Woodlawn Hills Dr.
SALE: 12.03 ACRES
Dave Smies, CCIM, SIOR
HWYEXPOSURE
HOTAREA
2547 3 Mile Rd. NW
LEASE: 37,500-117,500 SF
Stu Kingma, SIOR
HEAVYOFFICE
2907 Northridge Dr. NW
LEASE: 13,500-23,125 SF
Stu Kingma, SIOR
HEAVYPOWER
WHITE&BRIGHT
HEAVYINDUSTRIAL
HEAVYPOWER
BUILD-TO-SUIT
10451 Northland Dr. NE
SALE: 36,000 SF
Stu Kingma, SIOR
LIGHTINDUSTRIAL
FOODGRADELARGEYARD
14%CAP
1370 142nd Ave., Dorr
SALE: 10 ACRES
Stu Kingma, SIOR
4380 40th St. SE, Suite D
LEASE: 5,355 SF
Kurt Kunst, CCIM, SIOR
2685 Northridge Dr. NW
LEASE: 10,000-60,000 SF
Stu Kingma, SIOR
725 Taylor Ave.
LEASE: 1,600-14,000 SF
Stu Kingma, SIOR
445 & 455 32nd St. SE
SALE: 7,236 SF
Stu Kingma, SIOR
5565 Broadmoor Ave. SE
LEASE: 30,000-200,000 SF
Stu Kingma, SIOR
5737 & 5795 60th St. SE
5880,5950 & 5980 Kraft Ave. SE
SALE: 27.56 ACRES
Stu Kingma, SIOR
1058 Scribner Ave. NW
SALE/LEASE: 8,250 SF
Chadwick Versluis, SIOR
4440 44th St. SE
Suites C & D
LEASE: 95,000 SF
Stu Kingma, SIOR
101 Poplar St., Dowagiac
SALE: 88,626 SF
Dane Davis
Kara Schroer
81 124th Ave., Shelbyville
SALE: 25,524 SF on 6.26 ACRES
Jason Makowski
142nd Ave. At US-131
SALE: 96.45 ACRES
Stu Kingma, SIOR
5282 East Paris Ave. SE
SALE: 20,677 SF
Stu Kingma, SIOR
700 Hatfield Ave.
Kalamazoo
LEASE: 1,357-2,927 SF
Kara Schroer
Marc Tourangeau, MBA
5920 Clyde Park Ave. SW
SALE: 7.75 ACRES
Jeremy Veenstra
5724 East N Avenue,
Kalamazoo (West Parcel)
SALE: +/- 107 ACRES
Marc Tourangeau, MBA
208 S. Lincoln Ave.
SALE: 23,240 SF
Dick Jasinski
Airport & Enterprise
Industrial Parks, Three Rivers
SALE: 6.5-110.4 ACRES
Kara Schroer
Dane Davis
7740 Clyde Park Ave. SW
LEASE: 4,600 SF
Jeremy Veenstra
INEXPENSIVE
GROSSLEASE
CLASSA
331 Ann St. NW
SALE: 8.45 ACRES
Stu Kingma, SIOR
HWYCOMMERCIAL
VACANTLAND
VACANTLAND
COSTEFFICIENT
LARGEYARD
SUPERCLEAN
LOCALMANAGEMENT
HWYEXPOSURE
DOWNTOWNEXIT
VACANTLAND
West Michigan
Industrial Submarket Statistics
Methodology:All Industrial building
types are included, including warehouse,
flex/research development, distribution,
manufacturing, industrial showroom, and
service buildings, in both single-tenant and
multi-tenant buildings, including owner-
occupied buildings.
*	The information contained herein has been given to us by
sources we deem reliable. We have no reason to doubt its
accuracy, however, we do not make any guarantees. All
information should be verified before relying thereon.
*	 Source: NAI Wisinski of West MI, CoStar Property®
,  U.S.
Bureau of Labor Statistics
To see our full Quarterly Market Reports, please visit our website naiwwm.com
2016 Q3 Snapshot
Submarket Total RBA Vacant
Available
SF
Vacancy
Rate
Total Average
NNN Rate ($/SF/
Yr)
Total Net
Absorption
(SF)
Lakeshore
Warehouse 9,793,128 147,833 1.5% $4.22 44,751
Manufacturing 24,196,695 766,978 3.2% $2.40 42,732
Hightech Flex 1,002,287 3,093 0.3% $6.07 5,000
Total 34,992,110 917,904 2.6% $3.01 92,483
Northeast
Warehouse 4,859.792 59,590 1.2% $4.04 6
Manufacturing 7,159,112 327,905 4.6% $2.63 15,648
Hightech Flex 565,606 3,690 0.7% $5.31 -3,690
Total 12,584,510 391,185 3.1% $3.29 11,964
Northwest
Warehouse 4,429,108 185,115 4.2% $3.42 45,504
Manufacturing 12,751,134 364,415 2.9% $3.22 1,390
Hightech Flex 1,208,188 - - $7.25 -
Total 18,388,430 549,530 3.0% $3.53 46,894
Southeast
Warehouse 21,904,910 537,954 2.5% $3.43 110,849
Manufacturing 26,017,047 817,446 3.1% $4.05 171,991
Hightech Flex 3,038,832 160,862 5.3% $5.59 -36,971
Total 50,960,789 1,516,262 3.0% $3.88 245,869
Southwest
Warehouse 8,017,889 71,690 0.9% $2.94 5,858
Manufacturing 21,954,488 174,713 0.8% $3.60 39,427
Hightech Flex 763,400 18,680 2.4% $6.99 7,193
Total 30,735,777 265,083 0.8% $3.51 52,478
Total Overall 147,661,616 3,639,962 2.50% $3.50 228,405
22 2 2
-100,000
150,000
400,000
650,000
2014Q1 2014Q2 2014Q32 014Q42 015Q1 2015Q2 2015Q3 2015Q4 2016Q1 2016Q22 016Q3
RBA Delivered Warehouse RBA Delivered Manufacturing
RBA Delivered Hightech Flex
222
0.00%
2.00%
4.00%
6.00%
8.00%
2014Q1 2014Q2 2014Q3 2014Q4 2015Q1 2015Q2 2015Q3 2015Q4 2016Q1 2016 Q22 016Q3
Vacancy Rate
Vacancy Rates- Warehouse Vacancy Rates- Manufacturing Vacancy Rates- Hightech Flex
2
0
2
4
6
8
2013Q3 2013Q4 2014Q12 014Q2 2014Q32 014Q4 2015Q1 2015Q2 2015Q3 2015Q4 2016Q12 016Q22 016Q3
Triple Net Rental Rates
Triple Net Rental Rates- Warehouse Triple Net Rental Rates- Manufacturing Triple Net Rental Rates- Hightech Flex
2222
Property Management Our Values and Principles:
	 As an Accredited Management Organization®
(AMO®) firm that has the expertise to manage your
investment at the highest level of efficiency, NAI
Wisinski of West Michigan would be a valuable
asset to your investment. Our property management
services are tailored to meet each owner’s individual
goals, and designed to maximize the value of your
property assets.
	 We devise and implement a plan that
maximizes cash flow and return on your investment,
ultimately creating additional value for you. This goal
may seem obvious, but it is a challenge for investors
everywhere. NAI Wisinski of West Michigan property
managers begin with the fundamentals of property
management, then think well beyond the obvious to
deliver innovative and actionable solutions for your
assets.
NAI Wisinski of West Michigan Benefits:
1. NAI Wisinski of West Michigan’s management team thinks
like owners when making recommendations for our clients.
2. Our staff utilizes the latest technology tools to deliver the
highest level of productivity and efficiency to our clients.
3. We understand that great property management goes
beyond day-to-day tasks to truly support leasing efforts on a
daily basis.
4. Quick response including diverse layers of valuable
opinions and expertise from local corporate support and
oversight team.
5. Integration with brokerage, marketing and research teams
brings a deep well of market intelligence, creativity and
brainstorming capacity, offering supportive and unique
programs and resources.
Trust NAI Wisinski of West Michigan with your property
management needs.
You will not be disappointed!
Tax Appeal Specialist
Steve Johnson is a tax appeal specialist with GSA Property
Tax Consultants and is affiliated with NAI Wisinski of
West Michigan. GSA has been successfully appealing
property taxes in Michigan for over 25 years. They have
demonstrated superior market knowledge and aggressive
negotiating techniques. Their staff consists of Michigan
State certified Assessors, Personal Property Tax Examiners,
Auditors, and a legal staff well versed in property tax law,
municipal tax appeals, and all stages of Michigan Tax
Tribunal and State Tax Commission procedures. As a result,
their efforts have produced exceptional outcomes by saving
millions of dollars in taxes for our clients.
Have your property reviewed to determine if a case can be
built in your favor to lower your property taxes!
Fun Facts
•Investment Properties: even if the property is 100% leased,
there still may be a basis for an appeal.
•Owner Occupied Properties: many have not been evaluated
and are currently over assessed.
Specialties
Commercial Properties
Industrial Properties
Apartment Complexes
Office Buildings
Retail Properties
Business Personal Property
Property Tax Research
Fair and Equitable Results
Litigation Support
Steve Johnson
Tax Appeal Specialist
(616) 710 4119
stevej@naiwwm.com
Commercial Real Estate Services, Worldwide.
Wisinski of
West Michigan
facebook.com/naiwwm
@naiwwm
nai-wisinski-of-west-michigan
Industrial
Office
Industrial
Land
Investment
Property Management
Multi-Family
Tax Appeal
Available Industrial Services
• Product Representation
• Site Search
• Build-to-Suit
• Financial Analysis of Alternatives
• Fair Market Value Analysis
• Retrofit Expansion/Expansion
Division of Existing Building
100 Grandville Ave SW Suite 100
Grand Rapids, MI 49503
616. 776. 0100 www.naiwwm.com

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Industrial Spotlight 2016 FINAL 10.13.16

  • 1. West Michigan Industrial Spotlight 2016/2017 Wisinski of West Michigan
  • 2. Personalized service & collaborative teamwork. Why NAI? Your business is our business. Personalized service and collaborative teamwork form the core of our philosophy. We provide custom solutions focused on your business objectives, taking a fiduciary position with your asset to maximize value at each point of the process. We will listen, take a holistic view of your business, and apply our commercial knowledge to maximize potential, guide your investment, and add value. When appropriate, we are eager to push the boundaries and do things differently, as our singular purpose is to achieve better outcomes for our clients. We are local and we are global. Our diversified platform spans from Grand Rapids across North and South America and the Caribbean, Europe, the Middle East, Africa, and in the Asia Pacific region. With our careful selection of seasoned professionals who are deeply rooted in their markets, we have developed our business to support yours over the long-term. And as you look at growth markets, so do we—with more offices globally than any other commercial real estate firm. We are actively expanding in strategic locations so we can help you stay ahead of your competition. In the spring of 2011, two successful and reputable companies, The Wisinski Group and NAI West Michigan merged. The merger represents collaboration, rich traditions, innovative technologies, unique cultures and diversity of skills and specialties which ultimately benefit our clients. We’re going back to our fundamentals, strengthening our core, and becoming stronger in the services we provide our cli- ents. Our focus is simple, building client relationships for life by offering market appropriate advice and then executing. Our success is a direct result of its unwavering commitment to providing the best pos- sible service to each and every client. Our Brokers, with their 590 plus years of combined experience (22 years average), possess the knowledge and expertise to manage the most complex transactions in industrial, office, retail, and multi-family specialities throughout West Michigan. Trusted to do what we say we will do.
  • 3. Serving West and Southwest Michigan with offices in Grand Rapids and Kalamazoo Kurt Kunst, SIOR, CCIM 616 242 1116 kurtk@naiwwm.com Jeremy Veenstra 616 242 1105 jeremyv@naiwwm.com David Smies, CCIM, SIOR Doug Taatjes, CCIM, SIOR 616 292 1828 dougt@naiwwm.com Chris Prins 616 242 1107 chrisp@naiwwm.com Kara Schroer 269 459 0435 Chadwick Versluis, SIOR 616 242 1125 chadv@naiwwm.com Industrial Specialists Jim Badaluco, SIOR 616 450 9428 jimb@naiwwm.com Dane Davis 269 459 0434 daned@naiwwm.com Stuart Kingma, SIOR 616 575 7022 skingma@naiwwm.com Cameron Timmer 616 485 4131 cameront@naiwwm.com Marc Tourangeau, MBA 269 207 3072 marct@naiwwm.com Stanley Wisinski III, SIOR, CCIM 616 575 7015 Local Knowledge. Global Reach. Achieve More. Meet Our Industrial Team
  • 4. 840 Ottawa Ave. NW SALE: 13,600 SF Stu Kingma, SIOR 4600 W. Dickman Rd. Battle Creek LEASE: 116,000-158,066 SF Kara Schroer, Dane Davis, Chris Prins 3720 West River Dr. LEASE: 2,000 SF Kurt Kunst, CCIM, SIOR Available NAI Wisinski Industrial Properties (For a complete list, visit naiwwm.com) 8300 Logistic Dr. SALE/LEASE: 12,855 SF Stu Kingma, SIOR 3011 Mill Iron Rd. S LEASE: 6,850-12,650 SF Stu Kingma, SIOR 9444-9446 S. Greenville Rd., Greenville SALE: 11,680 SF LEASE: 5,840-11,680 SF Jeremy Veenstra 533 32nd St. SE SALE: 3,200 SF Stu Kingma, SIOR 2630 Prairie St. SW LEASE: 28,000 SF Chadwick Versluis, SIOR 3601 Lake St., Kalamazoo LEASE: 17,268 SF Marc Tourangeau, MBA 1354 King Hwy, Suite: 1354 Kalamazoo LEASE: 6,900 SF Jeremy Veenstra 2044 Peck St., Muskegon SALE: 22,293 SF Kurt Kunst, CCIM, SIOR Pentatech Industrial Park Zeeland SALE: 2.80-6.55 ACRES Stu Kingma, SIOR 7357 Expressway Ct. SW Suite A LEASE: 30,000 SF Stu Kingma, SIOR 5205 W. River Dr. NE SALE: 2.01 ACRES Chadwick Versluis, SIOR 7974-86 Clyde Park Ave. SW LEASE: 1,800-3,600 SF Jeremy Veenstra DOWNTOWN 3765 Broadmoor Ave. SE LEASE: 4,416-4,816 SF Doug Taatjes, CCIM, SIOR DOCK/DRIVE-IN 320 Hall St. SW, Suite A LEASE: 90,000 SF Kurt Kunst, CCIM, SIOR Stu Kingma, SIOR 5599 Amy School Rd. SALE/LEASE: 27,226 SF Kurt Kunst, CCIM, SIOR 311 28th St. SE SALE: 8,486 SF Stu Kingma, SIOR HIGHVISABILITY 14385 8th Ave., Suite B LEASE: 2,400 SF Kurt Kunst, CCIM, SIOR HWYEXPOSURE HWYACCESSRAREFIND OFFICESERVICE CLEANSPACE 25TONCRANES DOCKS INDUSTRIALLAND
  • 5. 5830 Clyde Park Ave. SW SALE: 9.79 ACRES Stu Kingma, SIOR 4592 40th St. SE LEASE: 10,000 SF Dave Smies, CCIM, SIOR 10421 Northland Dr. NE SALE: 26,304 SF Stu Kingma, SIOR 3085 Walkent Dr. NW SALE: 19,824 SF Kurt Kunst, CCIM, SIOR Stan Wisinski, CCIM, SIOR 2385 Walker Ave. NW LEASE: 11,990 SF Chadwick Verluis, SIOR 300 & 301 36th St. SW SALE: 20-79.96 ACRES Stu Kingma, SIOR 4412 Coloma Rd.,Coloma LEASE: 114,050-423,230 SF Stan Wisinski, CCIM, SIOR Dane Davis, Kara Schroer 500 & 532 Grandville Ave. SW SALE: 41,302 SF Stu Kingma, SIOR 3141 Chicago Dr. SW SALE: 10,200 SF Doug Taatjes, CCIM, SIOR 3956 3 Mile Rd. SALE: 2.13 ACRES Chadwick Verluis, SIOR 5960 S. Sprinkle Rd., Portage LEASE: 9,200-20,000 SF SALE: 24,200 SF Dane Davis Kara Schroer 530 32nd St. SE SALE: 9,114 SF Stu Kingma, SIOR 828 DuoTang Rd.,Paw Paw LEASE: 2,100-65,030 SF Marc Tourangeau, MBA 421 E. Elm St. SALE/LEASE: 22,330 SF Stu Kingma, SIOR 3378 3 Mile Rd. NW SALE/LEASE: 104,864 SF Stu Kingma, SIOR 19342 Lake Montcalm Rd. SALE/LEASE: 48,300 SF Kurt Kunst, CCIM, SIOR 220 Aylworth Ave. South Haven SALE: 84,900 SF Dane Davis, Kara Schroer 606.5 N Main St. SALE: 5,250 SF Doug Taatjes, CCIM, SIOR 4755 Campus Drive, Kalamazoo SALE: 4.3 ACRES Marc Tourangeau, MBA 1525 Townline Rd., Benton Harbor SALE/LEASE: 4,800-46,405 SF Kara Schroer Dane Davis MAINTOMAINFRESHREMODEL HWYEXPOSURE BTRPARK BUDGETSOLUTION 37DOCKS LEASED-INVESTMENTPENDING SITE36 DOWNTOWNSUPERFUNCTIONAL
  • 6. 1611 N. Grand River Ave. SALE: 116,122 SF Russ Bono 2710 Northridge Dr.NW LEASE: 52,500-78,750 SF Stu Kingma, SIOR 4710 44th St. SE LEASE: 44,630 SF Kurt Kunst, CCIM, SIOR Doug Taatjes, CCIM, SIOR 6949 Broadmoor Ave. SE SALE: 31.32 ACRES Cameron Timmer 1761 Airport Ct. LEASE: 51,998 -123,348 SF SALE: 123,348 SF Stu Kingma, SIOR Available NAI Wisinski Industrial Properties (For a complete list, visit naiwwm.com) 3729 Patterson Ave. SE Suite 2 LEASE: 64,600 SF Dave Smies, CCIM, SIOR 3175, 3131 & 3140 Union Ave. SE and 535 32nd St. SE SALE: 58,679 SF Stu Kingma, SIOR 68028 US-131, White Pigeon SALE: 10,000 SF Marc Tourangeau, MBA 2103, 2121, 1977 & 1973 Alpine Ave. NW SALE: 22 ACRES LEASE: 713 SF Chadwick Versluis, SIOR 900 BrooksAve. LEASE: 35,000-75,950 SF Stu Kingma, SIOR 4700 Garfield St. SALE: 53.73 ACRES Cameron Timmer 1860 Alpine Ave. NW SALE: 115,691 SF Stu Kingma, SIOR 1286 Pipestone Rd., Benton Harbor LEASE: 11,712 SF Joshua Jacobs 921 W. Western Ave. SALE: 16,000 SF Dick Jasinski 529 32nd St. SE SALE: 21,864 SF Stu Kingma, SIOR 922 N. M-37, Hastings SALE: 41,795 Kurt Kunst, CCIM, SIOR 13617 Woodlawn Hills Dr. SALE: 12.03 ACRES Dave Smies, CCIM, SIOR HWYEXPOSURE HOTAREA 2547 3 Mile Rd. NW LEASE: 37,500-117,500 SF Stu Kingma, SIOR HEAVYOFFICE 2907 Northridge Dr. NW LEASE: 13,500-23,125 SF Stu Kingma, SIOR HEAVYPOWER WHITE&BRIGHT HEAVYINDUSTRIAL HEAVYPOWER BUILD-TO-SUIT 10451 Northland Dr. NE SALE: 36,000 SF Stu Kingma, SIOR LIGHTINDUSTRIAL FOODGRADELARGEYARD 14%CAP
  • 7. 1370 142nd Ave., Dorr SALE: 10 ACRES Stu Kingma, SIOR 4380 40th St. SE, Suite D LEASE: 5,355 SF Kurt Kunst, CCIM, SIOR 2685 Northridge Dr. NW LEASE: 10,000-60,000 SF Stu Kingma, SIOR 725 Taylor Ave. LEASE: 1,600-14,000 SF Stu Kingma, SIOR 445 & 455 32nd St. SE SALE: 7,236 SF Stu Kingma, SIOR 5565 Broadmoor Ave. SE LEASE: 30,000-200,000 SF Stu Kingma, SIOR 5737 & 5795 60th St. SE 5880,5950 & 5980 Kraft Ave. SE SALE: 27.56 ACRES Stu Kingma, SIOR 1058 Scribner Ave. NW SALE/LEASE: 8,250 SF Chadwick Versluis, SIOR 4440 44th St. SE Suites C & D LEASE: 95,000 SF Stu Kingma, SIOR 101 Poplar St., Dowagiac SALE: 88,626 SF Dane Davis Kara Schroer 81 124th Ave., Shelbyville SALE: 25,524 SF on 6.26 ACRES Jason Makowski 142nd Ave. At US-131 SALE: 96.45 ACRES Stu Kingma, SIOR 5282 East Paris Ave. SE SALE: 20,677 SF Stu Kingma, SIOR 700 Hatfield Ave. Kalamazoo LEASE: 1,357-2,927 SF Kara Schroer Marc Tourangeau, MBA 5920 Clyde Park Ave. SW SALE: 7.75 ACRES Jeremy Veenstra 5724 East N Avenue, Kalamazoo (West Parcel) SALE: +/- 107 ACRES Marc Tourangeau, MBA 208 S. Lincoln Ave. SALE: 23,240 SF Dick Jasinski Airport & Enterprise Industrial Parks, Three Rivers SALE: 6.5-110.4 ACRES Kara Schroer Dane Davis 7740 Clyde Park Ave. SW LEASE: 4,600 SF Jeremy Veenstra INEXPENSIVE GROSSLEASE CLASSA 331 Ann St. NW SALE: 8.45 ACRES Stu Kingma, SIOR HWYCOMMERCIAL VACANTLAND VACANTLAND COSTEFFICIENT LARGEYARD SUPERCLEAN LOCALMANAGEMENT HWYEXPOSURE DOWNTOWNEXIT VACANTLAND
  • 8. West Michigan Industrial Submarket Statistics Methodology:All Industrial building types are included, including warehouse, flex/research development, distribution, manufacturing, industrial showroom, and service buildings, in both single-tenant and multi-tenant buildings, including owner- occupied buildings. * The information contained herein has been given to us by sources we deem reliable. We have no reason to doubt its accuracy, however, we do not make any guarantees. All information should be verified before relying thereon. * Source: NAI Wisinski of West MI, CoStar Property® , U.S. Bureau of Labor Statistics To see our full Quarterly Market Reports, please visit our website naiwwm.com 2016 Q3 Snapshot Submarket Total RBA Vacant Available SF Vacancy Rate Total Average NNN Rate ($/SF/ Yr) Total Net Absorption (SF) Lakeshore Warehouse 9,793,128 147,833 1.5% $4.22 44,751 Manufacturing 24,196,695 766,978 3.2% $2.40 42,732 Hightech Flex 1,002,287 3,093 0.3% $6.07 5,000 Total 34,992,110 917,904 2.6% $3.01 92,483 Northeast Warehouse 4,859.792 59,590 1.2% $4.04 6 Manufacturing 7,159,112 327,905 4.6% $2.63 15,648 Hightech Flex 565,606 3,690 0.7% $5.31 -3,690 Total 12,584,510 391,185 3.1% $3.29 11,964 Northwest Warehouse 4,429,108 185,115 4.2% $3.42 45,504 Manufacturing 12,751,134 364,415 2.9% $3.22 1,390 Hightech Flex 1,208,188 - - $7.25 - Total 18,388,430 549,530 3.0% $3.53 46,894 Southeast Warehouse 21,904,910 537,954 2.5% $3.43 110,849 Manufacturing 26,017,047 817,446 3.1% $4.05 171,991 Hightech Flex 3,038,832 160,862 5.3% $5.59 -36,971 Total 50,960,789 1,516,262 3.0% $3.88 245,869 Southwest Warehouse 8,017,889 71,690 0.9% $2.94 5,858 Manufacturing 21,954,488 174,713 0.8% $3.60 39,427 Hightech Flex 763,400 18,680 2.4% $6.99 7,193 Total 30,735,777 265,083 0.8% $3.51 52,478 Total Overall 147,661,616 3,639,962 2.50% $3.50 228,405
  • 9. 22 2 2 -100,000 150,000 400,000 650,000 2014Q1 2014Q2 2014Q32 014Q42 015Q1 2015Q2 2015Q3 2015Q4 2016Q1 2016Q22 016Q3 RBA Delivered Warehouse RBA Delivered Manufacturing RBA Delivered Hightech Flex 222 0.00% 2.00% 4.00% 6.00% 8.00% 2014Q1 2014Q2 2014Q3 2014Q4 2015Q1 2015Q2 2015Q3 2015Q4 2016Q1 2016 Q22 016Q3 Vacancy Rate Vacancy Rates- Warehouse Vacancy Rates- Manufacturing Vacancy Rates- Hightech Flex 2 0 2 4 6 8 2013Q3 2013Q4 2014Q12 014Q2 2014Q32 014Q4 2015Q1 2015Q2 2015Q3 2015Q4 2016Q12 016Q22 016Q3 Triple Net Rental Rates Triple Net Rental Rates- Warehouse Triple Net Rental Rates- Manufacturing Triple Net Rental Rates- Hightech Flex 2222
  • 10. Property Management Our Values and Principles: As an Accredited Management Organization® (AMO®) firm that has the expertise to manage your investment at the highest level of efficiency, NAI Wisinski of West Michigan would be a valuable asset to your investment. Our property management services are tailored to meet each owner’s individual goals, and designed to maximize the value of your property assets. We devise and implement a plan that maximizes cash flow and return on your investment, ultimately creating additional value for you. This goal may seem obvious, but it is a challenge for investors everywhere. NAI Wisinski of West Michigan property managers begin with the fundamentals of property management, then think well beyond the obvious to deliver innovative and actionable solutions for your assets. NAI Wisinski of West Michigan Benefits: 1. NAI Wisinski of West Michigan’s management team thinks like owners when making recommendations for our clients. 2. Our staff utilizes the latest technology tools to deliver the highest level of productivity and efficiency to our clients. 3. We understand that great property management goes beyond day-to-day tasks to truly support leasing efforts on a daily basis. 4. Quick response including diverse layers of valuable opinions and expertise from local corporate support and oversight team. 5. Integration with brokerage, marketing and research teams brings a deep well of market intelligence, creativity and brainstorming capacity, offering supportive and unique programs and resources. Trust NAI Wisinski of West Michigan with your property management needs. You will not be disappointed!
  • 11. Tax Appeal Specialist Steve Johnson is a tax appeal specialist with GSA Property Tax Consultants and is affiliated with NAI Wisinski of West Michigan. GSA has been successfully appealing property taxes in Michigan for over 25 years. They have demonstrated superior market knowledge and aggressive negotiating techniques. Their staff consists of Michigan State certified Assessors, Personal Property Tax Examiners, Auditors, and a legal staff well versed in property tax law, municipal tax appeals, and all stages of Michigan Tax Tribunal and State Tax Commission procedures. As a result, their efforts have produced exceptional outcomes by saving millions of dollars in taxes for our clients. Have your property reviewed to determine if a case can be built in your favor to lower your property taxes! Fun Facts •Investment Properties: even if the property is 100% leased, there still may be a basis for an appeal. •Owner Occupied Properties: many have not been evaluated and are currently over assessed. Specialties Commercial Properties Industrial Properties Apartment Complexes Office Buildings Retail Properties Business Personal Property Property Tax Research Fair and Equitable Results Litigation Support Steve Johnson Tax Appeal Specialist (616) 710 4119 stevej@naiwwm.com
  • 12. Commercial Real Estate Services, Worldwide. Wisinski of West Michigan facebook.com/naiwwm @naiwwm nai-wisinski-of-west-michigan Industrial Office Industrial Land Investment Property Management Multi-Family Tax Appeal Available Industrial Services • Product Representation • Site Search • Build-to-Suit • Financial Analysis of Alternatives • Fair Market Value Analysis • Retrofit Expansion/Expansion Division of Existing Building 100 Grandville Ave SW Suite 100 Grand Rapids, MI 49503 616. 776. 0100 www.naiwwm.com