Listed by Callander Commercial
$499,000
126 E South Street
Details
APN 39000615392203
Property Type Office
Sub Type Medical Office, Investment
Square Footage 7,595
Cap Rate 9.18%
NOI $45,784
Tenancy Single
Price per SqFt $66
Year Built 1978
Buildings 1
Stories 3
Acreage 0.200
Zoning Downtown 2
Investment Type Net Lease
Office | 7,595 SqFt
Marketing description
Investment opportunity featuring a long-term lease to an established contract biotechnology laboratory serving pharmaceutical, cosmetic, and consumer health clients with genomic, biomarker, and cell-based testing. The specialized build-out includes five fully improved labs, dedicated conference room, and administrative/billing offices. Property offers an attached parking garage, substantial electrical capacity to support lab operations, and a low-impact, quiet tenancy ideal for an office or research environment.
Investment highlights
- Municipality: Kalamazoo
- Available for Sale: 7,595 SF
- Lot Dimensions: 54.25' x 163'
- Year Built: 1978
- Zoning Code / Description: D-2 / Downtown 2
- Between Streets: Corner of Kalamazoo Mall and South Street
- Sewer / Water: Public / Public
- Heat Type / Source: Boiler / Gas
- Parking Spaces: Attached Municipal Parking Ramp
- # of Restrooms: 2
- Air Conditioning: Central Air
- Utilities Attached: Gas and Electric
- Power: 400 / 208 / 3ph
- Fiber Optics: Yes
- Capitalization Rate: 8.03%
Listing Contacts
Listed by Callander Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$45,784.00
$3,815.33/mo
Valuation Metrics
0
DSCR
9.18%
Cap Rate
9.18%
ROI
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