Atrium II

Off-Market

1000 Victors Way, Ann Arbor, MI 48108

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - General Office
  • Property Size 52,682 SF
  • Lot Size 3.65 Acre
  • Parking Spaces Avail. 210
  • Parking Ratio 4.00 / 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1990

Contacts

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Owner

  • True Owner
  • Registered 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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Brokers

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Documents

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Sales

  • Purchase Date 23 Jun, 2015
  • 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.

  • 2021 Avg. Asking Rent $25.70
  • 2021 Office Vacancy Rate 14.04%
  • 2021 Office Completions (SF) 230,000

Ann Arbor Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2021 Avg. Price per SF $155.46
  • Y-o-Y Avg. PpSF Change -0.33%
  • 2021 Office Sales Volume $38.1M
  • 2021 Number of Transactions 6
View more Ann Arbor market trends

Location

Getting Around

  • Walk Score ®

    24/100 Car-Dependent
  • Transit Score ®

    39/100 Some Transit
  • Bike Score ®

    40/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Ann Arbor, MI
  • Neighborhood Clinton-George
  • Zip Code 48108
  • Market Detroit

Points of Interest

  • Ann Arbor

    3.43 miles

  • Mobil

    0.34 miles

  • BP

    0.39 miles

  • Citgo

    0.47 miles

  • Shell

    0.52 miles

  • Speedway

    0.74 miles

  • Costco Gasoline

    0.75 miles

  • Circle K

    1.51 miles

  • Sunoco

    1.51 miles

  • Shell

    1.55 miles

  • Citgo

    1.60 miles

  • SC 43

    0.31 miles

  • U-M Lot SC34

    0.76 miles

  • State Street Park and Ride

    0.81 miles

  • Eisenhower Center Parking

    1.00 miles

  • Glick

    1.82 miles

  • U-M Lot SC7 (Crisler Center)

    1.84 miles

  • U-M Lot SC6 (Crisler Center)

    1.93 miles

  • Lot SC 16

    1.95 miles

  • U-M Lot SC5 (Crisler Center)

    2.02 miles

  • U-M Lot SC20 (Athletics Campus Grey Lot)

    2.07 miles

  • Hampton Inn Ann Arbor, South

    0.10 miles

  • Fairfield Inn Marriott

    0.12 miles

  • Courtyard Marriott

    0.17 miles

  • Extended Stay America

    0.17 miles

  • Holiday Inn & Suites

    0.22 miles

  • Sheraton Ann Arbor Hotel

    0.24 miles

  • Red Roof Inn

    0.25 miles

  • Comfort Inn & Suites

    0.29 miles

  • Hyatt Place

    0.32 miles

  • Kensington Court Hotel

    0.46 miles

  • Seoul Garden

    0.25 miles

  • Wendy's

    0.26 miles

  • Burger King

    0.28 miles

  • Buffalo Wild Wings

    0.30 miles

  • Los Amigos

    0.43 miles

  • Graham's Restaurant

    0.44 miles

  • Red Robin

    0.46 miles

  • Subway

    0.48 miles

  • Romano's Macaroni Grill

    0.50 miles

  • Shawarma Shop

    0.51 miles

  • Preschool and Family Center

    0.62 miles

  • Central Academy

    0.80 miles

  • Pathways Campus

    0.82 miles

  • Bryant Elementary School

    0.94 miles

  • Daycroft Montessori School

    0.98 miles

  • Clonlara School

    1.07 miles

  • Pattengill Elementary School

    1.30 miles

  • Allen Elementary School

    1.43 miles

  • Saint Francis of Assisi School

    1.65 miles

  • Tappan Middle School

    1.73 miles

  • Little Lamb Nursery & Kindergarten

    1.21 miles

  • Annie's Children's Center

    2.00 miles

  • Towsley Chidren House

    2.40 miles

  • Kozy Heart Daycare Center

    2.44 miles

  • Gretchen's House

    2.68 miles

  • Explorer Child Care Learning Center

    2.77 miles

  • Gretchen's House

    2.83 miles

  • Green Apple Garden Upper Playschool

    3.31 miles

  • The Discovery Center

    3.36 miles

  • Little Angels Daycare

    4.54 miles

Frequently Asked Questions

What is the total square footage of Atrium II?

Atrium II totals 52,682 square feet.

When was this property built?

Atrium II was built in 1990.

When was Atrium II last sold?

Atrium II was last sold on 23 Jun, 2015.

What is the market value for Atrium II?

The market value* for Atrium II in 2022 was $9,226,800.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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