669-677 Romence Rd, Portage, MI 49024
62,079 SF | 100% Leased | Retail Building | Portage, MI 49024 | $8,825,000 ($142/SF) | 8.25% Cap Rate
For Sale
Active
12 pictures
Asking Price $8,825,000
- Property Type
-
Retail
- Square Feet
- 62,079 SF
- Price / Square Foot
- $142
Listing Contacts
Ben Wineman
Daniel Stern
Brad Lefkowitz
Olivia Simmons
- Property Info
Property 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.
Property Details
- Class
- C
- Year Built
- 2005
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 390,733 SF
Highlights
- STRONG HISTORICAL OCCUPANCY & RECENT LEASING VELOCITY
- HIGHER EDUCATION AND MAJOR EMPLOYERS
- DOMINANT RETAIL MARKET
- STABLE DEMOGRAPHICS
- UPSIDE POTENTIAL | DEVELOPABLE VACANT PAD
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