Ann Arbor Research Park

Industrial for Sale
Catylist Listing ID: 30180780
Property Subtypes: Flex Space, Research & Development
Building Size (RSF): 31,508 SF
Gross Building Area: See Agent
Gross Land Area: 2.58 Acres
Sale Price: $2,200,000
Unit Price: $69.82 PSF
Ceiling: 16 ft.
Office SF: 15,754 SF
Drive In Bays: 4 Bays
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: Ann Arbor Research Park
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 10/20/2021

Overview / Comments

Ideal for office/research and development facility. 31,508 sq. ft. building located on 2.58 acres with 800 amps/480 volt power. Remodeled fa├žade July 2019. New parking lot in September 2018. Landlord to install new roof, new HVAC units, new fire protection system and provide generous tenant improvement allowance. 1 minute from I-94 & 5 minutes to the University of Michigan and Downtown Ann Arbor. This property is located in an Opportunity Zone, which could mean preferential tax treatment for qualified buyers. 2020 real estate taxes were $91,503.01, which equates to $2.72/sf.


Finance Data Year 2020
Real Estate Taxes - Annual($) $2.90 (Annual)
Finance Data Year 2018
Real Estate Taxes - Annual($) $2.72 (Annual)

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw W of 23
Tax ID/APN: 09-12-09-300-007
Property Located Between: E. of State Street/S. of I-94 Expressway
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Year Built: 1988
Year Renovated: 2016
Roof Type: Other
Exterior Description: Steel/Conc. (Tilt Up)
Parking Type: Surface
Total Parking Spaces: 94
Overhead Cranes: Undisclosed
Sprinklers: Other
Amps: 800
Volts: 480
Heat Type: Other
Heat Source: Other
Air Conditioning: Other
Lighting: Fluorescent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,526 79,687 167,361
Median Age: 34.45 33.96 34.42
Households: 2,460 31,979 69,001


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