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Ann Arbor Business Park - 5400 South State Road

Off-Market

5400 South State Road, Ann Arbor, MI 48108

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 263,326 Sqft
  • Lot Size 34.79 Acre
  • Parking Spaces Avail. 342
  • Parking Ratio 1.30/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1958

Location

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

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 08 Apr, 2013
  • Purchase Price $2,200,000
  • 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
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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%

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

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Frequently Asked Questions

What is the total square footage of Ann Arbor Business Park - 5400 South State Road?

Ann Arbor Business Park - 5400 South State Road totals 263,326 square feet.

When was this property built?

Ann Arbor Business Park - 5400 South State Road was built in 1958.

When was Ann Arbor Business Park - 5400 South State Road last sold?

Ann Arbor Business Park - 5400 South State Road was last sold on 08 Apr, 2013.

What was the last purchase price for Ann Arbor Business Park - 5400 South State Road?

Ann Arbor Business Park - 5400 South State Road was last sold for $2,200,000.

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