Property Type Industrial - Warehouse/Distribution
Property Size 38,310 SF
Lot Size 2.25 Acre
Property Tenancy Multi-Tenant
Building Class C
Year Built 1950

Location

City Ann Arbor, MI
Neighborhood Germantown
Zip Code 48104
Market Detroit

Contacts

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Owner

True Owner
Registered Owner

Brokers

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Documents

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Sales

Purchase Date 26 Jul, 2000
Purchase Price
Arm's Length True
Buyer Name

Market Trends

Average Actual Rents in Ann Arbor

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent

Net Rent

$44.3/SF/YR

Recoverables Show detailsHide details

$16.7/SF/YR

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Occupancy & Leasing Activity

Occupancy

83.5%

Lease Spread

-20.5%

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Asking Rents in Ann Arbor Office Market

Office rental rates are based on aggregated data of asking rates.

2020 Avg. Asking Rent $26.44
2020 Office Vacancy Rate 9.25%
2020 Office Completions (SF)

Ann Arbor Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

2020 Avg. Price per SF $155.98
Y-o-Y Avg. PpSF Change -23.34%
2020 Office Sales Volume $42.5M
2020 Number of Transactions 4

Tax

Property Tax in 2021 $54,918
Market Value* $1,596,600
Assessed Value $1,596,600

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*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.