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4775 Campus Dr
Kalamazoo, MI 49008
Initech Building · Office Property For Sale
Investment Highlights
- Class A, 23,059 SF office building featuring extensive window lines and a flexible floor plan with a combination of private offices and open work area
- Located within WMU's Business, Technology, and Research Park, minutes from US_131 and I-94
- 87% leased to include long time tenants: EPS Security, StructureTec, and Jones & Henry Engineering. One suite recently vacated due to tenant expansion
Executive Summary
FOR SALE: Class A 23,059 SF R&D office building located within Western Michigan University’s Business Technology and Research Park in Kalamazoo. The property features extensive window lines and a flexible floor plan with a mix of private offices and open work areas. The building is 87% leased to long-time tenants including EPS Security, StructureTec, and Jones & Henry Engineering, with one suite recently vacated due to tenant expansion and currently being marketed for lease. Positioned minutes from US-131 and I-94 with direct proximity to Western Michigan University’s College of Engineering, providing access to a strong regional talent pipeline. Building is zoned CBTR – Commercial, Business, Technology, and Research in City of Kalamazoo. Sale price is based on 7.7% cap rate and 13% vacancy rate. Contact agent for confidentiality agreement to receive additional information.
Contact Jodi Milks, CCIM, NAI Wisinski of West Michigan, at (269) 207-1040 or via email at jodim@naiwwm.com for additional information.
Contact Jodi Milks, CCIM, NAI Wisinski of West Michigan, at (269) 207-1040 or via email at jodim@naiwwm.com for additional information.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
23,059 SF
Building Class
A
Year Built
2002
Price
$3,995,000
Price Per SF
$173.25
Cap Rate
7.70%
NOI
$307,615
Percent Leased
87%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
23,059 SF
Building FAR
0.14
Lot Size
3.80 AC
Zoning
CBTR - Commercial, Business, Technology, and Research
Parking
114 Spaces (4.94 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 06-31-110-013 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,521,100 |
Property Taxes
Parcel Number
06-31-110-013
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,521,100
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