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Ann Arbor Commerce Park - 1995 Highland Drive

Off-Market

1995 Highland Drive, Ann Arbor, MI 48108

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  • Property Type Office - Flex - Office
  • Property Size 27,960 Sqft
  • Lot Size 3.24 Acre
  • Parking Spaces Avail. 58
  • Parking Ratio 2.10/ 1,000 SF
  • Property Tenancy Owner Occupied
  • Building Class C
  • Year Built 2001

Location

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

Contacts

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Owner

  • True Owner

Brokers

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Documents

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Sales

  • Purchase Date 06 Jan, 2017
  • Purchase Price $1,726,560
  • Arm's Length
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination 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 (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

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Frequently Asked Questions

What is the total square footage of Ann Arbor Commerce Park - 1995 Highland Drive?

Ann Arbor Commerce Park - 1995 Highland Drive totals 27,960 square feet.

When was this property built?

Ann Arbor Commerce Park - 1995 Highland Drive was built in 2001.

When was Ann Arbor Commerce Park - 1995 Highland Drive last sold?

Ann Arbor Commerce Park - 1995 Highland Drive was last sold on 06 Jan, 2017.

What was the last purchase price for Ann Arbor Commerce Park - 1995 Highland Drive?

Ann Arbor Commerce Park - 1995 Highland Drive was last sold for $1,726,560.

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