5528 Portage Road, Portage, MI

5528 Portage Road, Portage, MI, 49002

Acquisition Date:  Oct 2017
Acquisition Price: undisclosed
Current Market Value: undisclosed
Building Size: 45,870
Acquisition Cost per SF: undisclosed
Property Type: Office
Tenants: vacant
Occupancy: 0% – State Farm occupied until November 2018
Investor Returns: TBD (value-add transaction)

Highlights: Envision acquired this property at a significant discount from fair market value.  With the tenant paying rent for more than 10 months from the closing date, Envision has the opportunity to pay down debt and build reserves until a new tenant is identified.

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