Duong Investment Group

Neptune Drive Industrial

3213-8233 Neptune Drive, Kalamazoo, MI

Property Description

Price: $3,628,000
Gross Leasable Area: ±53,631 SF
Year Built: 2003

Investment Highlights

SCP Distributors – a Subsidiary of PoolCorp (NYSE : POOL) is a Well-Established Industrial Tenant with Locations Both Nationally and Internationally

Offered at a 7.67% Cap | Low Price Per SF of Just $67.65 (Well Below Replacement Value)

Located Less Then 10 Minutes to Downtown Kalamazoo MI Via Highway 131

Industrial Property in Excellent Condition

  • New AC Units Installed
  • Newly Replaced Furnace for 40% of Space
  • Located Just Off of Highway 131 – A 10 Minute Drive to Downtown Kalamazoo
  • Large Lot of Over 5 Acres

Strong Tenants

  • Polymershapes is the premier distributor of plastic sheet, rod, tube, film, and associated products, with over 70 years of industry-leading heritage
  • Matrix Basement Systems is ranked as the #1 basement finishing company in America
  • VanDam & Krusinga has been serving west Michigan since 1962 for all restoration and reconstruction needs

Pride of Ownership Property in Kalamazoo, MI

  • Dense Infill Area (±265,000 Residents in Kalamazoo County) With Strong Average Household Income of $82,613 Within 5 Miles

Several new and upcoming developments in Kalamazoo include the new Home2Suites by Hilton, Arcadia Flats Student Housing (341 Beds), Charles & Lynn Zhang Portage Community Senior Center, Hilton Garden Inn, Kalamazoo County Justice Facility, historic Gibson Hotel by Hard Rock Hotels, Advia Credit Union headquarters, Bronson Outpatient Surgery Center, Revel Creek Assisted Living, Redwood Texas Township 157-Unit Apartments, 400 Rose 136-Unit Apartments, The Creamery 48-Unit Apartments and many more.

Kalamazoo is home to major players in the pharmaceutical and medical science industries. The Stryker Corporation, headquartered in Kalamazoo, is an industry leader in the field of medical technologies, with 40,000 employees and an annual revenue of $15 billion.

The economy benefits from a diverse range of industries such as breweries, distilleries, and manufacturing. The Kalamazoo/ Portage market boasts major employers including Pfizer, Bronson and Borgess Medical Group, Dana Corporation, State Farm and PNC Bank. Kalamazoo is a brewery powerhouse and has also built a reputation as a major player in the American craft beer movement. Kalamazoo is also known for its importance in the world of music, home to the Gibson Guitar Corporation.

 

 

Contact Information

James Andrews
Associate
Net Leased Properties Group
(949) 419-3302
james.andrews@marcusmillichap.com
License: CA 02115272

Ron Duong
Senior Vice President Investments
Senior Director, National Retail Group
(949) 419-3233
ron.duong@marcusmillichap.com
License: CA 01438643

Craig Elster
Vice President Investments
Director, Net Leased Properties Group
(949) 419-3223
craig.elster@marcusmillichap.com
License: CA 01958307