7189 Beatrice DrKalamazoo, MI 49009

For Sale
$1,279,000
High-yield NNN lease, strong ROI.

Overview

Added:
Dec 11, 2024
Days on market:
126
This 10,000 square foot distribution facility in Kalamazoo, MI (49009), sits on a 2.573-acre lot and is currently under a single-tenant, triple-net (NNN) lease expiring July 31, 2029, with 4.7 years remaining. The property boasts a strong pro-forma NOI of $108,000 annually, translating to an 8.44% pro-forma cap rate and a price per square foot of $127.90. The asking price is $1,279,000. This investment opportunity offers significant tax advantages due to substantial depreciation deductions. Located in a high-demand industrial area of Kalamazoo County, this property provides a stable income stream and potential for long-term appreciation. The property's current lease structure ensures consistent cash flow, making it an attractive option for investors seeking a secure and profitable investment. The strategic location within Kalamazoo further enhances the property's value and potential for future growth. This is a rare opportunity to acquire a high-yield industrial property with immediate cash flow and significant tax benefits.

Highlights

  • Triple-net leased industrial truck parking lot generating $108,000 annual net income.
  • Significant depreciation benefits maximize tax advantages.
  • High-demand industrial location ensures strong occupancy and tenant stability.
  • Excellent potential for long-term property value appreciation.

Property Details for 7189 Beatrice Dr

Property type
Industrial properties, Distribution centers
Square Feet
10,000 SF
Lot Size (sq. ft)
112,080 SF

Location Insight

City
Kalamazoo
County
Kalamazoo
State
Michigan
Latitude
42.2407404
Longitude
-85.6902428
7189 Beatrice Dr, Kalamazoo, Michigan

FAQs

What type of property is this?
Industrial property - High-yield NNN lease, strong ROI.
Where is the industrial property located?
The property is located at 7189 Beatrice Dr Kalamazoo, MI.
What is the asking price?
The asking price for this property is $1,279,000.
What are key features of this property?
This property features: Triple-net leased industrial truck parking lot generating $108,000 annual net income.; Significant depreciation benefits maximize tax advantages.; High-demand industrial location ensures strong occupancy and tenant stability.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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7189 Beatrice Dr
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