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30882310
30882312

4775 Campus Drive, Kalamazoo, MI 49008

JM
MI 6506044331
NAI Wisinski of West Michigan - Kalamazoo
Listed by NAI Wisinski of West Michigan - Kalamazoo
$3,995,000
87 days on market
Updated 36 days ago

4775 Campus Drive

Details
APN 06-31-110-013
Property Type Office, Special Purpose
Sub Type Traditional Office, Executive Office (+2)
Square Footage 23,059
Units 4
Cap Rate 7.70%
Occupancy 87%
Tenancy Multi
Lease Type NNN
Price per SqFt $173
Class A
Year Built 2002
Buildings 1
Acreage 5.050
Zoning CBTR
Parking Spaces 120 spaces
Parking Per SqFt 5.20
Investment Type Stabilized

Class A 23,059 SF R&D office building in WMU's BTR Park. 87% occupied with a 7.7% cap rate.

Marketing description

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 [email protected] for additional information.

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 areas.

  • 87% leased to include long time tenants: EPS Security, StructureTec, and Jones & Henry Engineering. One suite recently vacated due to tenant expansion and is marketed for lease

  • Located within WMU’s Business Technology and Research Park, minutes from US-131 and I-94, offering direct proximity to Western Michigan University’s College of Engineering and access to a strong talent pipeline

  • APNs:

06-31-110-013 | City of Kalamazoo

05-36-232-013 | Oshtemo Township

  • Zoned CBTR - Commercial, Business, Technology, and Research in City of Kalamazoo

  • Zoned BRP - Business and Research Park in Oshtemo Township

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Listing Contacts

JM
MI 6506044331
NAI Wisinski of West Michigan - Kalamazoo
Listed by NAI Wisinski of West Michigan - Kalamazoo

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Additional Information

Name
Jodi K. Milks, CCIM
License
6506044331
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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