Contact Property

500 Avis Drive

Off-Market

500 Avis Drive, 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 - General Office
  • Property Size 27,160 Sqft
  • Lot Size 3.28 Acre
  • Parking Spaces Avail. 100
  • Parking Ratio 3.70/ 1,000 SF
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 2001

Location

  • City Ann Arbor, MI
  • Neighborhood Ann Arbor Municipal Airport
  • Zip Code 48108
  • Market Detroit

Contacts

Find property contacts with verified and updated contact information on CommercialEdge: owners, building management, representatives from permits and tenants.

Owner

  • True Owner

Brokers

Do you represent this property? Claim it!

List your spaces with ease and generate only verified leads with CommercialEdge Marketing.

Add listing for free

Documents

Access researched data with nationwide coverage on CommercialEdge: sales, mortgages, financials, title documents and more.

Sales

  • Purchase Date 04 Nov, 2010
  • Purchase Price $2,000,000
  • Arm's Length
  • 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
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
Unlock on CommercialEdge
Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
Unlock on CommercialEdge

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 (Sqft)

Ann Arbor Office Sales Trends

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

  • 2020 Avg. Price per Sqft $155.98
  • Y-o-Y Avg. PpSF Change -23.34 %
  • 2020 Office Sales Volume $42.5M
  • 2020 Number of Transactions 4
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 500 Avis Drive?

500 Avis Drive totals 27,160 square feet.

When was this property built?

500 Avis Drive was built in 2001.

When was 500 Avis Drive last sold?

500 Avis Drive was last sold on 04 Nov, 2010.

What was the last purchase price for 500 Avis Drive?

500 Avis Drive was last sold for $2,000,000.

Looking for more in-depth information on this property?

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