Traverwood Business Park - 2300 Traverwood Drive

Off-Market

2300 Traverwood Drive, Ann Arbor, MI 48105

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 133,288 SF
  • Lot Size 12.57 Acre
  • Parking Spaces Avail. 253
  • Parking Ratio 1.90 / 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class A
  • Year Built 2000

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 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.

  • 2022 Avg. Asking Rent $25.02
  • 2022 Office Vacancy Rate 22.34%
  • 2022 Office Completions (SF)
View more Ann Arbor market trends

Location

Getting Around

  • Walk Score ®

    53/100 Somewhat Walkable
  • Transit Score ®

    47/100 Some Transit
  • Bike Score ®

    61/100 Bikeable
Powered by Walk Score ®
  • City Ann Arbor, MI
  • Neighborhood Dhu Varren
  • Zip Code 48105
  • Market Detroit

Points of Interest

  • Ann Arbor

    1.96 miles

  • Speedway

    0.57 miles

  • BP

    0.65 miles

  • Shell

    0.71 miles

  • BP

    1.20 miles

  • BP

    2.35 miles

  • Mobil

    2.66 miles

  • Clark

    2.86 miles

  • Sunoco

    3.27 miles

  • Circle K

    3.29 miles

  • Speedway

    3.46 miles

  • NC99

    0.55 miles

  • NC100

    0.58 miles

  • NCRC Vaccine Clinic Parking

    0.68 miles

  • NC84

    0.71 miles

  • Arrowwood Parking Lot I

    0.72 miles

  • NC82

    0.75 miles

  • Arrowwood Parking Lot G

    0.76 miles

  • Arrowwood Parking Lot J

    0.76 miles

  • Arrowwood Parking Lot H

    0.77 miles

  • NC85

    0.79 miles

  • Hampton

    1.22 miles

  • Red Roof Inn Plus

    1.23 miles

  • Holiday Inn

    1.27 miles

  • Residence Inn

    1.29 miles

  • Microtel Inn & Suites by Wyndham Ann Arbor

    1.37 miles

  • Ann Arbor Bed and Breakfast

    2.09 miles

  • Graduate Ann Arbor

    2.22 miles

  • Bell Tower Hotel

    2.30 miles

  • Residence Inn Ann Arbor Downtown

    2.47 miles

  • Stone Chalet Bed and Breakfast Inn

    2.68 miles

  • Zoup!

    0.34 miles

  • Jimmy John's

    0.34 miles

  • Domino's

    0.38 miles

  • McDonald's

    0.42 miles

  • Seoul Street

    0.63 miles

  • Panera Bread

    0.63 miles

  • Qdoba

    0.63 miles

  • Saica

    0.65 miles

  • Subway

    0.66 miles

  • Cardamom

    0.66 miles

  • Logan Elementary School

    0.48 miles

  • Clague Middle School

    0.57 miles

  • Thurston Elementary School

    0.66 miles

  • Rudolf Steiner School

    0.94 miles

  • Ann Arbor STEAM

    1.10 miles

  • University of Michigan

    1.48 miles

  • Huron High School

    1.85 miles

  • Saint Thomas School

    1.98 miles

  • Father Gabriel Richard High School

    2.08 miles

  • Martin Luther King Jr. Elementary School

    2.09 miles

  • Gretchen's House

    1.08 miles

  • Towsley Chidren House

    2.49 miles

  • Green Apple Garden Upper Playschool

    2.53 miles

  • Gretchen's House

    3.34 miles

  • Gretchen's House

    4.00 miles

  • The Discovery Center

    4.07 miles

  • Annie's Children's Center

    4.08 miles

  • Little Lamb Nursery & Kindergarten

    4.33 miles

  • Stony Creek Preschool

    4.40 miles

  • Explorer Child Care Learning Center

    4.65 miles

Frequently Asked Questions

What is the total square footage of Traverwood Business Park - 2300 Traverwood Drive?

Traverwood Business Park - 2300 Traverwood Drive totals 133,288 square feet.

When was this property built?

Traverwood Business Park - 2300 Traverwood Drive was built in 2000.

What is the market value for Traverwood Business Park - 2300 Traverwood Drive?

The market value* for Traverwood Business Park - 2300 Traverwood Drive in 2023 was $24,450,200.
*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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