Toronto-Based Investor Group Sells D&W Fresh Market In Kalamazoo For $6.92M With Jeff Gates As Representative
2103 Parkview Avenue
$6,920,000
$238/SF
Building Size
29,000 SF
Asset Type
Retail
Closing
Aug 10, 2026
About this deal
AI
The property involved in this transaction is a single-tenant D&W Fresh Market located at 2103 Parkview Avenue in Kalamazoo, Michigan. The asset, which spans 29,000 square feet and sits on 2.33 acres, was sold for $6,920,000. The sale represents a price per square foot of $239.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,920,000
- Address: 2103 Parkview Avenue
- Market: Kalamazoo, MI
- Acres: 2.33
- Square Footage: 29,000
- Price per Square Foot: $239
- Broker: Jeff Gates - SRS Real Estate Partners
- Seller: Toronto-based investor group
- Buyer: Institutional investor
SRS Real Estate Partners facilitated the transaction, with Jeff Gates acting as the representative for the seller. The deal highlights the interest in retail properties by institutional investors in the Kalamazoo market.
On the Map
$6,920,000
$238/SF
Retail
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Kalamazoo Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.29%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93