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Airport Plaza Business Park

Off-Market

3630 Plaza Drive, Ann Arbor, MI 48108

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  • Property Type Industrial - Flex - Industrial
  • Property Size 481,080 SF
  • Lot Size 46.03 Acre
  • Parking Spaces Avail. 288
  • Parking Ratio 0.60 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1977

Location

  • Walk Score ® Car-Dependent (39)
  • Bike Score ® Bikeable (56)
Powered by Walk Score ®
  • City Ann Arbor, MI
  • Neighborhood Bryant Pattengill West
  • Zip Code 48108
  • Market Detroit

Points of Interest

Ann Arbor

3.70 miles

Ann Arbor Supercharger

1.02 miles

BP

2.99 miles

ChargePoint

3.58 miles

Shell

3.61 miles

BP

4.64 miles

Kroger

6.71 miles

Citgo

6.90 miles

Boggs

7.51 miles

Pilot

7.90 miles

Mobil

8.48 miles

Church St. Structure

2.96 miles

Fourth & Washington parking structure

3.20 miles

U-M Lot M89

3.38 miles

Overflow Parking

3.55 miles

Lot M75

3.86 miles

NC86

5.08 miles

Lot N: Public

5.24 miles

EMU Rynearson stadium parking lot

5.29 miles

Lot L: Public

5.53 miles

611 W. Cross Lot

6.56 miles

Surf City Squeeze

0.37 miles

Panera Bread

0.93 miles

Ahmo's Gyros & Grill

1.57 miles

Toarmina's Pizza

2.27 miles

Subway

2.55 miles

Belly Deli

2.94 miles

Holiday's Restaurant

2.95 miles

The Chop House

3.07 miles

TAQ | Taqueria Restaurant & Bar

3.11 miles

Mani Osteria and Bar

3.13 miles

Von Maur

0.33 miles

Briarwood Mall

0.40 miles

Sears

0.43 miles

JCPenney

0.44 miles

Macy's

0.51 miles

Target

1.27 miles

Mediterranean Market

1.59 miles

By The Pound

1.76 miles

Begreen, Inc.

1.90 miles

Target

3.14 miles

Pittsfield Township Public Safety Fire Station No 3

0.57 miles

Building 3

0.62 miles

Building 1

0.69 miles

CVS Pharmacy

1.31 miles

Campus Police

2.15 miles

Hometown Pharmacy

2.51 miles

Rite Aid

2.55 miles

City of Ann Arbor Fire Department Station 4

2.83 miles

CVS Pharmacy

3.01 miles

Walgreens

3.10 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 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

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

Frequently Asked Questions

What is the total square footage of Airport Plaza Business Park?

Airport Plaza Business Park totals 481,080 square feet.

When was this property built?

Airport Plaza Business Park was built in 1977.

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