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29197315
29197314

8233 Neptune Dr, Kalamazoo, MI 49009

TW
MI MI 6501377143
Advantage Commercial Real Estate
LW
MI 6501418494
Advantage Commercial Real Estate
Listed by Advantage Commercial Real Estate
$1,750,000
137 days on market
Updated 91 days ago

8233 Neptune Dr

Details
APN 01-13-476-040
Property Type Industrial
Sub Type Distribution, Warehouse (+1)
Square Footage 21,056
Cap Rate 7.12%
NOI $124,516
Occupancy 100%
Price per SqFt $83
Year Built 1998
Acreage 2.281
Zoning I-2
Parking Spaces 34 spaces
Parking Per SqFt 1.61
Ceiling Height 17'-20'
Loading Docks 1
Dock High Doors 3

Industrial | 7.12% CAP | 21,056 SqFt

Marketing description

The property located at 8233 Neptune Dr, Kalamazoo, Michigan is a fully leased two-tenant industrial building totaling 21,056 square feet on 2.28 acres. Polymershapes occupies 12,806 SF and has been a long-term tenant at the property. There space features 1 dock, 1 drive in door and approximately 1,500 SF of office space with conference room, several private offices and kitchen. Division 7 Building and Contractors occupies the remaining 8,250 SF and signed a lease in August 2025. Upon taking occupancy, the Landlord completed an office refresh, further enhancing the functionality and appeal of their space. Their space features access to 1 dock, 2 drive in doors and approximately 2,500 SF of office space. Please reach out to the listing Brokers for more information.

Listing Contacts

TW
MI MI 6501377143
Advantage Commercial Real Estate
LW
MI 6501418494
Advantage Commercial Real Estate
Listed by Advantage Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$124,516.00
$10,376.33/mo

Valuation Metrics

0
DSCR
7.12%
Cap Rate
7.12%
ROI

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Additional Information

Name
Trent Wieringa SIOR
License
MI 6501377143
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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