- For Sale $4,300,000
- Property Type Industrial - Warehouse/Distribution
- Property Size 46,356 SF
- Units 1
- Lot Size 4.63 Acre
- Property Tenancy Single Tenant
- Year Built 1966
- Year Renovated 2007
- Date Updated Apr 23, 2024
- Dock High Doors 16
- Grade Level Doors 1
- Office Area 9,500 SF
- Electricity Service 2000 A / 480 V
- Fire Sprinklers Other
- HVAC None
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Highlights
- 46,356 SF (+/-) Building (20% +/- Office Area) on 4.63 Acres in Ann Arbor, MI
- Fully Leased to Adaptive Energy since 2007, remaining lease term through 12/31/24
- Excellent opportunity for an owner/user or Investor to capture NNN income through the remaining lease term
- 8.83% Blended Cap Rate for Remaining Lease Term
- Located in affluent Ann Arbor, MI less than 2 miles to I-94
- 17 Dock Doors (1 Grade Level & 16 Loading Docks, all with levelers
- 24' Clear Height at Peak
- Entire Building, including shop area, has wet sprinkler protection and is 100% air conditioned
- 2000 Amps / 480 Volts, 3-Phase Power
- New LED Lighting throughout shop area
- New Parking Lot & Drive Area in 2018
- 3 of 4 Roof Top HVAC Units replaced in 2022
- 2 of 3 HVAC Units serving the office area replaced in 2021
- Functional Mezzanine in Shop Area (not included in SF)
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Contacts
Dan Stewart
SVN | Stewart Commercial Group
(734) 662-5097
Location
Getting Around
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Walk Score ®
Car-Dependent (9) -
Bike Score ®
Somewhat Bikeable (31)
- City Ann Arbor, MI
- Neighborhood Ann Arbor Municipal Airport
- Zip Code 48108
- Market Detroit
Points of Interest
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Ann Arbor
5.51 miles
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Speedway
1.44 miles
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Sunoco
1.56 miles
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Costco Gasoline
1.63 miles
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Citgo
1.83 miles
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BP
2.20 miles
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Mobil
2.22 miles
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Valero
2.50 miles
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Shell
2.50 miles
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Citgo
2.52 miles
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Meijer
2.70 miles
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Pittsfield Preserve Nature Area Trailhead
1.43 miles
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SC 43
1.95 miles
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U-M Lot SC34
2.75 miles
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State Street Park and Ride
2.79 miles
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Eisenhower Center Parking
2.81 miles
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Overflow Parking
3.65 miles
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U-M Lot SC7 (Crisler Center)
3.87 miles
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Glick
3.88 miles
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U-M Lot SC6 (Crisler Center)
3.95 miles
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Lot SC 16
3.98 miles
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Walmart Supercenter
1.35 miles
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Mediterranean Market
1.74 miles
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Von Maur
2.19 miles
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Sears
2.21 miles
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Briarwood Mall
2.26 miles
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JCPenney
2.33 miles
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Macy's
2.34 miles
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Kohl's
2.49 miles
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Hyundai Asian Market
2.54 miles
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Meijer
2.60 miles
Contact Listing Broker
Dan Stewart
SVN | Stewart Commercial Group
(734) 662-5097