7189 Beatrice DrKalamazoo, MI 49009

Property Details for 7189 Beatrice Dr

Lot size

2.57 AC

Zone code

I-1

Property type

Land

Property subtype

Commercial land

APN

09-03-275-010

APU

903275010

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $16,446,101

  Hospitality

  $15,064,540

  Educational

  $12,533,520

  Medical

  $12,964,567

  Retail

  $19,496,588

Location Insight

City

Kalamazoo

County

Kalamazoo

State

Michigan

Latitude

42.2402

Longitude

-85.6911

CBSA code

28020

CBSA name

KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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