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700 KMS Place

Off-Market

3621 South State Street, 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 125,815 SF
  • Lot Size 11.89 Acre
  • Parking Spaces Avail. 515
  • Parking Ratio 4.10/ 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class C
  • Year Built 1969

Location

  • Walk Score ® Car-Dependent (37)
  • Transit Score ® Some Transit (29)
  • Bike Score ® Somewhat Bikeable (48)
Powered by Walk Score ®
  • City Ann Arbor, MI
  • Neighborhood Clinton-George
  • Zip Code 48108
  • Market Detroit

Points of Interest

Ann Arbor

3.62 miles

Citgo

0.13 miles

BP

0.33 miles

Mobil

0.33 miles

Costco Gasoline

0.41 miles

Speedway

0.45 miles

Shell

0.62 miles

Shell

1.43 miles

Meijer

1.50 miles

Ann Arbor Supercharger

1.54 miles

Circle K

1.76 miles

SC 43

0.47 miles

U-M Lot SC34

0.87 miles

State Street Park and Ride

0.91 miles

Eisenhower Center Parking

1.34 miles

U-M Lot SC7 (Crisler Center)

1.99 miles

Glick

1.99 miles

U-M Lot SC6 (Crisler Center)

2.08 miles

Lot SC 16

2.10 miles

U-M Lot SC5 (Crisler Center)

2.16 miles

Pittsfield Preserve Nature Area Trailhead

2.16 miles

Holiday Inn Express - University South

0.20 miles

Comfort Inn & Suites

0.25 miles

Red Roof Inn

0.25 miles

Kensington Court Hotel

0.29 miles

Hampton Inn Ann Arbor, South

0.31 miles

EVEN Hotels

0.31 miles

Staybridge Suites

0.32 miles

Hyatt Place

0.36 miles

Sheraton Ann Arbor Hotel

0.37 miles

Courtyard Marriott

0.39 miles

Subway

0.14 miles

Mark's Mid-Town Coney Island

0.18 miles

Black Rock

0.24 miles

Graham's Restaurant

0.29 miles

Burger King

0.32 miles

Los Amigos

0.34 miles

Taco Bell

0.35 miles

Jimmy John's

0.38 miles

Buffalo Wild Wings

0.43 miles

Wendy's

0.44 miles

Preschool and Family Center

0.85 miles

Daycroft Montessori School

0.93 miles

Central Academy

1.07 miles

Bryant Elementary School

1.13 miles

Pathways Campus

1.16 miles

Clonlara School

1.33 miles

Pattengill Elementary School

1.62 miles

Allen Elementary School

1.77 miles

Lawton Elementary School

1.84 miles

Pioneer High School

1.92 miles

Little Lamb Nursery & Kindergarten

1.54 miles

Kozy Heart Daycare Center

2.11 miles

Annie's Children's Center

2.33 miles

Towsley Chidren House

2.62 miles

Gretchen's House

2.67 miles

Gretchen's House

2.90 miles

Explorer Child Care Learning Center

3.07 miles

The Discovery Center

3.34 miles

Green Apple Garden Upper Playschool

3.44 miles

Little Angels Daycare

4.77 miles

Contacts

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Owner

  • True Owner
  • Registered 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 09 Jan, 2001
  • 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.

  • 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
View more Ann Arbor market trends

Tax

  • Base Tax $465,843
  • Current Tax $331,803
  • Market Value* $13,543,000
  • Assessed Value $13,543,000

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

*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.

Frequently Asked Questions

What is the total square footage of 700 KMS Place?

700 KMS Place totals 125,815 square feet.

When was this property built?

700 KMS Place was built in 1969.

When was 700 KMS Place last sold?

700 KMS Place was last sold on 09 Jan, 2001.

What is the market value for 700 KMS Place?

The market value* for 700 KMS Place in 2022 was $13,543,000.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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