DOWNTOWN KALAMAZOO OFFICE INVESTMENT OPPORTUNITY - Fifth Third Bank multi-tenanted building in downtown Kalamazoo, Michigan. This iconic, 90,000 SF office tower is situated in the middle of Kalamazoo's Central Business District, between the Kalamazoo Mall and Portage Street. Constructed in 1929, the Fifth Third Bank Building features 15 floors plus a full basement, Class A bank branch/bank office finishes on the ground and second floors, 2 public elevators, 2 private/service elevators and 4 stairwells. Investment has long-term tenant history, including Fifth Third Bank, The Connable Office, Lewis Reed & Allen, PC, the Irving S. Gilmore Foundation and Levine & Levine law firm. Current occupancy rate of 83%, with 7.1% cap rate on existing income.
|12/27/2018 3:00:00 AM||New Value: $3,125,000|
|10/26/2018 9:34:34 PM||New Value: Pending|
|8/28/2018 1:35:29 PM||New Value: Active|