Listed by Advantage Commercial Real Estate
$1,750,000
8233 Neptune Dr
Details
APN 01-13-476-040
Property Type Industrial
Sub Type Distribution, Warehouse
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
Listed by Advantage Commercial Real Estate
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$124,516.00
$10,376.33/mo
Valuation Metrics
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DSCR
7.12%
Cap Rate
7.12%
ROI
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