Ann Arbor Commerce Park - 4401 Varsity Drive

4401 Varsity Drive, Ann Arbor, MI 48108

Off-Market

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  • Property Type Office - Flex - Office
  • Property Size 28,929 SF
  • Lot Size 4.36 Acre
  • Parking Spaces Avail. 78
  • Parking Ratio 2.70 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1997

Location

  • Walk Score ® Car-Dependent (25)
  • Bike Score ® Somewhat Bikeable (47)
Powered by Walk Score ®
  • City Ann Arbor, MI
  • Neighborhood Carpenter
  • Zip Code 48108
  • Market Detroit

Points of Interest

Transportation

Ann Arbor

4.50 miles

Fuel station

Speedway

0.83 miles

Citgo

1.80 miles

Sam's Club

2.38 miles

Ann Arbor Supercharger

2.51 miles

Sunoco

2.53 miles

BP

3.64 miles

Speedway

4.07 miles

ChargePoint

4.99 miles

RP Fuel

5.65 miles

Mobil

7.20 miles

Parking

U-M Lot SC4 (Crisler Center)

3.20 miles

U-M Lot W13

3.79 miles

U-M P2 M18 Taubman Structure

4.08 miles

U-M Lot W-11

4.15 miles

U-M Lot M69

4.22 miles

Lot L: Public

4.72 miles

U of M Wind Tunnel Lab Parking

4.84 miles

Mayhew Commuter Parking Lot for Eastern Michigan University

5.14 miles

NC34

5.16 miles

IHC Lot

5.31 miles

Hotels

Red Roof Inn

1.25 miles

Courtyard Marriott

1.27 miles

Comfort Inn & Suites

1.27 miles

Hyatt Place

1.36 miles

A Victory Inn & Suites

2.78 miles

Stone Chalet Bed and Breakfast Inn

3.04 miles

Library Bed and Breakfast

3.39 miles

Cadgwith Too

3.66 miles

Burnt Toast Inn

4.00 miles

Ann Arbor Bed and Breakfast

4.02 miles

Restaurants

Max and Erma's

1.68 miles

Burger King

2.06 miles

Potbelly

2.42 miles

Pancheros

2.61 miles

Qdoba

2.65 miles

Chuck E. Cheese's

2.82 miles

Domino's

3.30 miles

BTB Burrito

3.39 miles

Joe's Pizza

3.57 miles

Markley Dining Hall

3.92 miles

Education

Scarlett and Mitchell Schools

1.77 miles

Ross School of Business

3.41 miles

Washtenaw Community College

3.99 miles

Concordia University Ann Arbor

4.07 miles

Huron High School

4.08 miles

Saline Middle School

4.12 miles

University of Michigan

4.23 miles

Community High School

4.28 miles

Martin Luther King Jr. Elementary School

4.59 miles

Mack School

4.74 miles

Child care

Little Lamb Nursery & Kindergarten

1.53 miles

Annie's Children's Center

2.22 miles

Explorer Child Care Learning Center

2.68 miles

Towsley Chidren House

3.43 miles

Gretchen's House

3.73 miles

Gretchen's House

3.93 miles

Little Angels Daycare

4.00 miles

The Discovery Center

4.40 miles

Stony Creek Preschool

6.03 miles

Gretchen's House

6.33 miles

Contacts

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Owner

  • True Owner

Brokers

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Documents

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Sales

  • Purchase Date 10 Feb, 2017
  • 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 Ann Arbor Commerce Park - 4401 Varsity Drive?

Ann Arbor Commerce Park - 4401 Varsity Drive totals 28,929 square feet.

When was this property built?

Ann Arbor Commerce Park - 4401 Varsity Drive was built in 1997.

When was Ann Arbor Commerce Park - 4401 Varsity Drive last sold?

Ann Arbor Commerce Park - 4401 Varsity Drive was last sold on 10 Feb, 2017.

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