Allen Distribution Build-to-Suit | 5720 N Ave
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Allen Distribution Build-to-Suit 5720 N Ave
624,000 SF 47% Leased 4-Star Industrial Building Kalamazoo, MI 49048 For Sale
Investment Highlights
- Stable cash flow with strong annual rent increases.
- Dynamic Kalamazoo market.
- National 3PL tenant.
Executive Summary
CBRE, Inc., as exclusive advisor, is pleased to present to qualified investors the opportunity to acquire a 624,000 brand new industrial building in Kalamazoo, MI. The Property is 100% leased to Allen Distribution through Dec-2030 with 4.0% annual rent increases. The Property was built in Phases. Phase I was completed in Nov 2023. Phase II will be completed on Sep 1, 2024. The Property was a build-to-suit for Allen Distribution, an established 3PL, featuring state of the art building design, and situated in a market featuring strong tenant demand an no new supply of product. The Property is being offered without an asking price. All investors should base their offer and pricing on the “As Is, Where Is” condition of the Property at the completion of Phase II.
Property Facts
| Sale Type | Investment NNN | Rentable Building Area | 624,000 SF |
| Sale Conditions | Build to Suit | No. Stories | 1 |
| Property Type | Industrial | Parking Ratio | 0.1/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 32 FT |
| Building Class | B | No. Dock-High Doors/Loading | 60 |
| Lot Size | 81.99 AC | No. Drive In / Grade-Level Doors | 4 |
| Construction Status | Proposed |
| Sale Type | Investment NNN |
| Sale Conditions | Build to Suit |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 81.99 AC |
| Construction Status | Proposed |
| Rentable Building Area | 624,000 SF |
| No. Stories | 1 |
| Parking Ratio | 0.1/1,000 SF |
| Clear Ceiling Height | 32 FT |
| No. Dock-High Doors/Loading | 60 |
| No. Drive In / Grade-Level Doors | 4 |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Spec or build to suite opportunity. Divisable down to 100,000 square feet to 333,000 square feet.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 100,000-333,000 SF | Industrial | Shell Space | Oct 2025 |
1st Floor
| Size |
| 100,000-333,000 SF |
| Space Use |
| Industrial |
| Condition |
| Shell Space |
| Available |
| Oct 2025 |
1st Floor
| Size | 100,000-333,000 SF |
| Space Use | Industrial |
| Condition | Shell Space |
| Available | Oct 2025 |
Spec or build to suite opportunity. Divisable down to 100,000 square feet to 333,000 square feet.
zoning
| Zoning Code | I-1 (Industrial Warehouse) |
| I-1 (Industrial Warehouse) |
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Allen Distribution Build-to-Suit | 5720 N Ave
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