= Required Field.

Already a Member?

Email Address:

Password:

Re-Enter Password:

First Name:

Last Name:

Country:

Zip/Postal Code:

Ext.

Day Phone:

Yes, I want to receive LoopNet's weekly newsletter "LoopNews" and information about LoopNet promotions and special offers.

No Thanks.

By clicking the button above, you are indicating that you have read, understood, and agree to LoopNet's Terms and Conditions.

We will NOT share your email address.
View Our Privacy Policy.

Welcome to LoopNet! Check out the listing below or search over 725,000 other listings.

Select a Property Type

You may enter a US or Canadian location in the following formats:

Zip Code
City, State
State

For additional search options, go to Advanced Search Advanced Search Advanced Search.

e.g. Los Angeles, CA or 91016

Advanced Search

Browse More Listings in Industrial For Sale, Kalamazoo, MI or Michigan

Industrial Property For Sale

KALAMAZOO TECH PORTFOLIO

6400 Technology Ave, Kalamazoo, MI 49009

Price:
$13,333,000
Building Size:
261,563 SF
Price/SF:
$50.97
Property Type:
Industrial
Property Sub-type:
Flex Space
Property Use Type:
Investment
Cap Rate:
10%
Occupancy:
100%
Tenancy:
Multiple
Year Built:
2005
Lot Size:
14 AC
Features:
- Sprinklers
Find Out More...

Last Verified 11/25/2009 Listing ID 15990055

Highlights

Portfolio of Tech Buildings
Five Newer Tech Buildings in Same Business Park
Attractive 6.5% Seller Financing Available

High Occupancy. Management & Leasing Team in Place
Est 10% Cap on Current NOI, Est 20% Yield!

Description

Portfolio of five sharp 100% climate controlled tech/service buildings all lined up next to each other in high tech business park in healthy Kalamazoo Michigan. Strong rental history, NN to owner. Seller financing offered by original developer/builder should yield nearly 20% + cash on cash based on a 10% cap on current NOI, increasing annually with rent bumps in place. In-house management and leasing team can stay on. One of the cleanest portfolios I have ever seen. All information has been supplied by the Seller.

Newer technology park in high growth technology area just off Interstate I-94.

Financial Summary

Actual
Net Operating Income
$1,420,000

Map of 6400 Technology Ave, Kalamazoo, MI 49009

Hide Map

Contact Listing Broker to find out more details.

Presented by

Request additional information

Contact Listing Broker

Peter Colvin (616) 893-1398

Track changes to this property: Watch This Property
Share this listing: Send to Friend; Link to This Listing

Link
Copy the link above and share via email or IM.; Embed This on Your Web Site; Share on Facebook; Share on LinkedIn; Share on Twitter
Additional Options: Print Listing; View Map; Demographics; Research Price; Get Financing

Created 11/14/2008

Additional Information for 6400 Technology Avenue, Kalamazoo, MI 49009

Active For Sale - 2 Listings
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Embed this Listing on Your Website

Industrial Property For Sale - KALAMAZOO TECH PORTFOLIO

6400 Technology Ave, Kalamazoo, MI, 49009