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315 S Kalamazoo Mall & 126 E South Street 315 S Kalamazoo Mall 24,169 SF 100% Leased Office Building Kalamazoo, MI 49007 $3,000,000 ($124.13/SF) 8.19% Cap Rate
Investment Highlights
- Long-term Burnham & Flowers Headquarters - 20 years
- Sale MUST include 126 E South Street, Kalamazoo
- Michigan based global platform
Executive Summary
Acrisure, a top-10 global insurance brokerage and fintech platform with more than $4 billion in annual revenue and operations in 20+ countries, occupies the property following its acquisition of Burnham & Flower, which had been headquartered here for approx. two decades. This seamless transition reflects the buildings long-standing, mission-critical insurance use and provides investors with stable tenancy backed by one of the worlds largest privately held insurance brokerages. Sale additionally includes 126 South Street. Long-term historical tenancy with upside!
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
24,169 SF
Year Built/Renovated
1975/2025
Price
$3,000,000
Price Per SF
$124.13
Cap Rate
8.19%
NOI
$245,784
Percent Leased
100%
Building Height
3 Stories
Typical Floor Size
8,056 SF
Building FAR
1.21
Lot Size
0.46 AC
Opportunity Zone
Yes
Zoning
D-1 - Downtown
1 1
Moderately walkable
70/100
Fairly drivable
50/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $1,135,500 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,135,500
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315 S Kalamazoo Mall & 126 E South Street | 315 S Kalamazoo Mall
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