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4840 South State Road

Off-Market

4840 South State Road, Ann Arbor, MI 48108

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - R&D - Office
  • Property Size 54,607 SF
  • Lot Size 14.17 Acre
  • Parking Spaces Avail. 163
  • Parking Ratio 3.00 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 2007

Location

  • Walk Score ® Car-Dependent (19)
  • Bike Score ® Somewhat Bikeable (30)
Powered by Walk Score ®
  • City Ann Arbor, MI
  • Neighborhood Ann Arbor Municipal Airport
  • Zip Code 48108
  • Market Detroit

Points of Interest

Ann Arbor

4.94 miles

Ann Arbor Supercharger

2.31 miles

Shell

3.43 miles

Speedway

4.21 miles

Marathon

4.84 miles

BP

4.84 miles

ChargePoint

4.96 miles

Sunoco

5.56 miles

RP Fuel

6.38 miles

Citgo

6.51 miles

BP

6.52 miles

Pittsfield Preserve Nature Area Trailhead

1.37 miles

U-M Lot SC7 (Crisler Center)

3.30 miles

U-M Lot SC20 (Athletics Campus Grey Lot)

3.55 miles

U-M Lot M95

4.46 miles

First & Huron parking lot

4.52 miles

U-M P2 M18 Taubman Structure

4.64 miles

U-M Lot M55

4.72 miles

McKenny Lot

5.95 miles

Arrowwood Parking Lot C

6.26 miles

Sill Lot

6.37 miles

Red Roof Inn

1.56 miles

Hampton Inn Ann Arbor, South

1.57 miles

Extended Stay America

1.72 miles

Holiday Inn & Suites

1.74 miles

The University Inn Ann Arbor

3.15 miles

A Victory Inn & Suites

3.61 miles

Stone Chalet Bed and Breakfast Inn

3.64 miles

Library Bed and Breakfast

3.80 miles

Cadgwith Too

3.95 miles

Burnt Toast Inn

4.32 miles

Nick's Original House of Pancakes

2.35 miles

Lefty's Cheesesteak

2.38 miles

Subway

2.60 miles

Chipotle

3.46 miles

Tropical Smoothie Cafe

3.49 miles

Baba Dari

3.82 miles

Au Bon Pain

4.07 miles

Mac's Acadian Seafood

4.16 miles

Slurping Turtle

4.34 miles

Sava's

4.37 miles

Pathways Campus

2.25 miles

Dicken Elementary School

3.78 miles

Ross School of Business

3.88 miles

Huron High School

4.79 miles

Washtenaw Community College

4.84 miles

University of Michigan

4.86 miles

Concordia University Ann Arbor

4.88 miles

Haisley Elementary School

5.46 miles

Ann Arbor STEAM

5.69 miles

Forsythe Middle School

5.77 miles

Kozy Heart Daycare Center

1.23 miles

Little Lamb Nursery & Kindergarten

2.33 miles

Annie's Children's Center

3.05 miles

Explorer Child Care Learning Center

3.52 miles

Towsley Chidren House

3.93 miles

The Discovery Center

4.46 miles

Little Angels Daycare

4.70 miles

Green Apple Garden Upper Playschool

4.74 miles

Stony Creek Preschool

6.09 miles

Annie's Children's Center

6.81 miles

Contacts

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Owner

  • True Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 11 Jan, 2013
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

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
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/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.

  • 2021 Avg. Asking Rent $25.70
  • 2021 Office Vacancy Rate 14.04%
  • 2021 Office Completions (SF) 230,000

Ann Arbor Office Sales Trends

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

  • 2021 Avg. Price per SF $155.46
  • Y-o-Y Avg. PpSF Change -0.33%
  • 2021 Office Sales Volume $38.1M
  • 2021 Number of Transactions 6
View more Ann Arbor market trends

Tax

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of 4840 South State Road?

4840 South State Road totals 54,607 square feet.

When was this property built?

4840 South State Road was built in 2007.

When was 4840 South State Road last sold?

4840 South State Road was last sold on 11 Jan, 2013.

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Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.