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: |
$2,300,000 |
| Unit Price: |
$73 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: |
3/2/2021 |
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 façade 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 $2.72/sf.
|
Financials
| Finance Data Year |
2020 |
| Real Estate Taxes - Annual($) |
$2.90 (Annual) |
| Finance Data Year |
2018 |
| Real Estate Taxes - Annual($) |
$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 |
| Zoning: |
RESEARCH |
| 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 |
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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