603-665 Romence Rd - Storefront FOR SALE


Portage, MI 49024
$8,825,000 USD
630-954-7336
603-665 Romence Rd, Portage, MI for Sale
$8,825,000 USD
Storefront - FOR SALE
1/12
null | 8.25% Cap Rate

603-665 Romence Rd
Portage, MI 49024


HIGHLIGHTS

  • STRONG HISTORICAL OCCUPANCY & RECENT LEASING VELOCITY
  • HIGHER EDUCATION AND MAJOR EMPLOYERS
  • DOMINANT RETAIL MARKET
  • STABLE DEMOGRAPHICS
  • UPSIDE POTENTIAL | DEVELOPABLE VACANT PAD

OVERVIEW

Mid-America Real Estate Corporation, in cooperation with Mid-America Real Estate – Michigan, LLC, has been retained by the owner to sell the 100% fee simple interest in Shoppes at Romence Village, a community shopping center positioned near the highly trafficked Westnedge Avenue in the Kalamazoo/ Portage region’s most prominent retail trade area. The center provides an investor the opportunity to acquire an asset featuring stable in-place cash flow from a tenant roster with strong historical occupancy.

FOR SALE DETAILS

PRICE

$8,825,000 USD

PRICE/SF

$142 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shoppes at Romence Village

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

200

LAND DETAILS

LAND ACRES

8.97 AC

LAND SF

390,733 SF

ZONING

B-2

APN/PARCEL ID

10-00016-055-E

ASK ABOUT THIS PROPERTY

Ben WinemanMid-America Real Estate Corp.More Info
630-954-7336

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Ben WinemanMid-America Real Estate Corp.More Info
630-954-7336

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.