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The Ponds Office Center

Off-Market

3767 Ranchero Drive, Ann Arbor, MI 48108

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  • Property Type Office - General Office
  • Property Size 59,771 SF
  • Lot Size 6.83 Acre
  • Parking Spaces Avail. 233
  • Parking Ratio 3.90/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 2000

Location

  • Walk Score ® Car-Dependent (24)
  • Bike Score ® Bikeable (57)
Powered by Walk Score ®
  • City Ann Arbor, MI
  • Neighborhood Bryant Pattengill West
  • Zip Code 48108
  • Market Detroit

Points of Interest

Ann Arbor

3.88 miles

Costco Gasoline

0.61 miles

Citgo

0.80 miles

Meijer

0.83 miles

Ann Arbor Supercharger

0.85 miles

Speedway

0.89 miles

BP

0.93 miles

Mobil

1.00 miles

Shell

1.09 miles

Shell

1.16 miles

Circle K

2.32 miles

U-M Lot SC34

1.31 miles

State Street Park and Ride

1.32 miles

SC 43

1.39 miles

Eisenhower Center Parking

2.24 miles

U-M Lot SC7 (Crisler Center)

2.26 miles

U-M Lot SC6 (Crisler Center)

2.31 miles

Glick

2.32 miles

Lot SC 16

2.35 miles

U-M Lot SC5 (Crisler Center)

2.38 miles

U-M Lot SC4 (Crisler Center)

2.43 miles

Extended Stay America

0.46 miles

Hilton Garden Inn

0.46 miles

Towne Place Suites Marriott

0.48 miles

EVEN Hotels

0.72 miles

Kensington Court Hotel

0.82 miles

Holiday Inn Express - University South

0.85 miles

Staybridge Suites

0.85 miles

Comfort Inn & Suites

0.99 miles

Red Roof Inn

1.02 miles

Hyatt Place

1.05 miles

Surf City Squeeze

0.64 miles

Olga's Kitchen

0.66 miles

Cinnabon

0.67 miles

Auntie Anne's

0.68 miles

Panda Express

0.71 miles

Freshii

0.74 miles

Chipotle

0.75 miles

California Pizza Kitchen

0.76 miles

Bravo

0.77 miles

Black Rock

0.77 miles

Daycroft Montessori School

1.01 miles

Preschool and Family Center

1.49 miles

Lawton Elementary School

1.54 miles

Central Academy

1.74 miles

Gretchen's House Child Care

1.82 miles

Pioneer High School

1.91 miles

Clonlara School

1.93 miles

Bryant Elementary School

2.01 miles

Pathways Campus

2.01 miles

Dicken Elementary School

2.35 miles

Kozy Heart Daycare Center

1.62 miles

Gretchen's House

2.43 miles

Little Lamb Nursery & Kindergarten

2.45 miles

Gretchen's House

2.86 miles

Towsley Chidren House

3.04 miles

The Discovery Center

3.05 miles

Annie's Children's Center

3.24 miles

Green Apple Garden Upper Playschool

3.56 miles

Explorer Child Care Learning Center

3.99 miles

Stony Creek Preschool

4.66 miles

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 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.

  • 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 The Ponds Office Center?

The Ponds Office Center totals 59,771 square feet.

When was this property built?

The Ponds Office Center was built in 2000.

When was The Ponds Office Center last sold?

The Ponds Office Center was last sold on 23 Jun, 2015.

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Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.