- 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 25, 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)
False
Contacts
Location
Getting Around
-
Walk Score ®
9/100 Car-Dependent -
Bike Score ®
31/100 Somewhat Bikeable
- 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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Jimmy John's
1.52 miles
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Taco Bell
1.57 miles
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Mi Zarape
1.65 miles
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Black Rock
1.68 miles
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Thai Spoon
1.69 miles
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Ahmo's Gyros & Grill
1.74 miles
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Mark's Mid-Town Coney Island
1.76 miles
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Subway
1.84 miles
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Burger King
1.99 miles
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Graham's Restaurant
2.13 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
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Pittsfield Township Public Safety Fire Station No 3
1.44 miles
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Pittsfield Charter Township Police Department
1.92 miles
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Pittsfield Charter Township Fire Department
1.94 miles
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Building 3
2.41 miles
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Building 1
2.42 miles
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Building 2
2.42 miles
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Building 4
2.45 miles
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Building 5
2.45 miles
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Building 9
2.49 miles
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Building 10
2.49 miles
Frequently Asked Questions
What is the lease rate for 5500 South State Street?
Rental asking rate at 5500 South State Street is $2,150,000.00/YR.
What is the total square footage of 5500 South State Street?
5500 South State Street totals 46,356 square feet.
When was this property built?
5500 South State Street was built in 1966.
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