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Ann Arbor Commerce Park - 4355 Varsity Drive

Off-Market

4355 Varsity Drive, Ann Arbor, MI 48108

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  • Property Type Office - Flex - Office
  • Property Size 28,929 SF
  • Lot Size 4.36 Acre
  • Parking Spaces Avail. 69
  • Parking Ratio 2.40/ 1,000 SF
  • Property Tenancy Owner Occupied
  • Building Class C
  • Year Built 1996

Location

  • Walk Score ® Car-Dependent (21)
  • Bike Score ® Somewhat Bikeable (44)
Powered by Walk Score ®
  • City Ann Arbor, MI
  • Neighborhood Carpenter
  • Zip Code 48108
  • Market Detroit

Points of Interest

Ann Arbor

4.49 miles

Speedway

0.77 miles

Citgo

1.06 miles

Costco Gasoline

1.07 miles

Mobil

1.32 miles

BP

1.34 miles

Citgo

1.37 miles

Shell

1.58 miles

Citgo

1.84 miles

Exxon

1.90 miles

Valero

2.27 miles

SC 43

0.80 miles

Pittsfield Preserve Nature Area Trailhead

1.14 miles

Eisenhower Center Parking

1.52 miles

U-M Lot SC34

1.82 miles

State Street Park and Ride

1.88 miles

Overflow Parking

2.50 miles

Glick

2.89 miles

U-M Lot SC7 (Crisler Center)

2.92 miles

U-M Lot SC6 (Crisler Center)

3.01 miles

Lot SC 16

3.03 miles

Staybridge Suites

0.85 miles

Holiday Inn Express - University South

0.92 miles

Hampton Inn Ann Arbor, South

1.15 miles

Fairfield Inn Marriott

1.19 miles

Red Roof Inn

1.22 miles

Comfort Inn & Suites

1.23 miles

Extended Stay America

1.24 miles

Courtyard Marriott

1.24 miles

Sheraton Ann Arbor Hotel

1.29 miles

Holiday Inn & Suites

1.30 miles

Thai Spoon

0.39 miles

Ahmo's Gyros & Grill

0.44 miles

Jimmy John's

0.84 miles

Taco Bell

0.91 miles

Black Rock

0.97 miles

Mark's Mid-Town Coney Island

1.01 miles

Subway

1.07 miles

Burger King

1.28 miles

MI Juice Garden

1.30 miles

Graham's Restaurant

1.31 miles

Bryant Elementary School

0.74 miles

Pathways Campus

1.60 miles

Preschool and Family Center

1.69 miles

Multicultural Academy

1.69 miles

Central Academy

1.82 miles

Scarlett and Mitchell Schools

1.83 miles

Daycroft Montessori School

1.95 miles

Allen Elementary School

2.00 miles

Clonlara School

2.10 miles

Pattengill Elementary School

2.16 miles

Little Lamb Nursery & Kindergarten

1.56 miles

Kozy Heart Daycare Center

2.01 miles

Annie's Children's Center

2.26 miles

Explorer Child Care Learning Center

2.73 miles

Towsley Chidren House

3.43 miles

Gretchen's House

3.69 miles

Gretchen's House

3.90 miles

Little Angels Daycare

4.06 miles

The Discovery Center

4.36 miles

Green Apple Garden Upper Playschool

4.38 miles

Contacts

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Owner

  • True Owner

Brokers

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Documents

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Sales

  • Purchase Date 13 Jan, 2017
  • Purchase Price
  • Arm's Length True
  • 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%
  • 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 Ann Arbor Commerce Park - 4355 Varsity Drive?

Ann Arbor Commerce Park - 4355 Varsity Drive totals 28,929 square feet.

When was this property built?

Ann Arbor Commerce Park - 4355 Varsity Drive was built in 1996.

When was Ann Arbor Commerce Park - 4355 Varsity Drive last sold?

Ann Arbor Commerce Park - 4355 Varsity Drive was last sold on 13 Jan, 2017.

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