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315 S Kalamazoo Mall & 126 E South Street 315 S Kalamazoo Mall 24,169 SF 100% Leased Office Building Kalamazoo, MI 49007 $3,973,564 CAD ($164.41 CAD/SF) 8.78% Cap Rate
Investment Highlights
- Long-term Burnham & Flowers Headquarters - 20 years
- Sale MUST include 126 E South Street, Kalamazoo
- Michigan based global platform
Executive Summary
Acrisure, a top-10 global insurance brokerage and fintech platform with $4 billion + in annual revenue and operations in 20+ countries, occupies the property following its acquisition of Burnham & Flower, which had been headquartered here for approx. two decades. Additionally, Downtown Kalamazoo continues to grow with development of the new $500M + area / event center just blocks away. Sale also includes 126 South Street, which is immediately adjacent. Long-term historical tenancy with upside, plus the anchor of Acrisure make this an attractive investment offering!
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
24,169 SF
Building Class
C
Year Built/Renovated
1975/2025
Price
$3,973,564 CAD
Price Per SF
$164.41 CAD
Cap Rate
8.78%
NOI
$348,799 CAD
Percent Leased
100%
Building Height
3 Stories
Typical Floor Size
8,056 SF
Building FAR
1.21
Lot Size
0.46 AC
Opportunity Zone
Yes
Zoning
D-1 - Downtown
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Moderately walkable
70/100
Fairly drivable
50/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 06-15-391-204 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,161,416 CAD |
Property Taxes
Parcel Number
06-15-391-204
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,161,416 CAD
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315 S Kalamazoo Mall & 126 E South Street | 315 S Kalamazoo Mall
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