5528 Portage Rd
Portage, MI 49002
State Farm Regional Office · Office Property For Sale

Former Regional Headquarters - 45,870 rentable square feet with approximately 22,935 sq. ft. per floor on two (2) floors. Priced significantly lower than replacement costs at $76.30 psf. For the right user, there is a plug and play option with furniture and equipment included. Building includes two large training rooms and raised floor electrical distribution system. The building structure was built in 2001 and is in excellent condition. The building is immediately across the street from the Kalamazoo / Battle Creek International Airport. The property also has close proximity access to major highway I-94. The property has a dedicated parking field with approximately 150 spaces offering a 3.27 / 1,000 parking ratio. The building is listed for lease at $11.75 NNN which would elicit an enhanced value at a 9 cap of close to $6 M. There is great signage exposure on Portage Road with close proximity to area amenities - hotels, restaurants, etc.