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1634 Gull Rd 8,000 SF Medical Condo Unit Offered at $1,667,200 in Kalamazoo, MI 49048
INVESTMENT HIGHLIGHTS
- Early 5-year lease extension.
- Strong corporate guaranty.
- 2% annual rent increases + renewal options.
EXECUTIVE SUMMARY
+/- 8,000 SF fee simple condo.
PROPERTY FACTS
| Total Building Size | 16,156 SF | Typical Floor Size | 8,078 SF |
| Property Type | Office (Condo) | Year Built | 1965 |
| Property Subtype | Medical | Lot Size | 0.90 AC |
| Building Class | B | Parking Ratio | 4.95/1,000 SF |
| Floors | 2 | ||
| Zoning | C-1 | ||
| Total Building Size | 16,156 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 8,078 SF |
| Year Built | 1965 |
| Lot Size | 0.90 AC |
| Parking Ratio | 4.95/1,000 SF |
| Zoning | C-1 |
1 UNIT AVAILABLE
Unit WellNow
| Unit Size | 8,000 SF | Sale Type | Investment |
| Price | $1,667,200 | Cap Rate | 7.50% |
| Price Per SF | $208.40 | NOI | $125,040 |
| Condo Use | Medical |
| Unit Size | 8,000 SF |
| Price | $1,667,200 |
| Price Per SF | $208.40 |
| Condo Use | Medical |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| NOI | $125,040 |
SALE NOTES
Early 5-year lease extension. 2% annual rent increases + renewal options. Strong corporate guaranty. Strategic medical corridor location. High-traffic visibility.
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