Arbor West Business Center for Sale - Ann Arbor West Side

Office for Sale
Catylist Listing ID: 30389084
Property Subtypes: Business Park, Office Building
Building Size (RSF): 28,600 SF
Gross Building Area: See Agent
Sale Price: $4,800,000
Unit Price: $167.83 PSF
Property Use Type: Investment
Building Name: Arbor West Business Center
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/14/2020

Overview / Comments

Arbor West Office Center consists of two office buildings (14,300 SF each). 100% occupied. Plenty of parking right outside your door. Signage available along Jackson Road. Fifteen minutes from downtown Ann Arbor and ten minutes from downtown Dexter. Easy access to I-94 and M-14 via Baker and Zeeb Road interchanges. Located near Menards, Lowe's, Meijer, restaurants, and entertainment.
Existing lease and financial information available, please contact listing agent.

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw W of 23
Taxing Authority: Scio Township
Tax ID/APN: H -08-21-200-011
Zoning: OFFICE SERVICE
Property Located Between: Zeeb and Baker Roads
Property Visibility: Excellent
Highway Access: I-94, M-14
Airports: DTW, Ann Arbor
Area Description: The Ann Arbor area is a friendly community with big-city sophistication; a world-class educational and high-tech research center nestled in a quintessential college town; a close-knit community of charming neighborhoods with a rich mix of cultures. The Ann Arbor campus has plenty to inspire and entertain. Ranked as the #2 Best College Town in America, Ann Arbor and the University of Michigan go together like Maize and Blue! With more than 43,000 undergrad and graduate students, campus life is interwoven with city life. Ann Arbor is a successful tech hub, attracting entrepreneurs, start-ups and tech giants such as Google. The talent pool and resources rival that of Silicon Valley but with a Midwestern culture and relatively lower cost of living than the Bay Area or New York City. Ann Arbor is the perfect climate for tech companies to find success, stability and growth. Although geographically small, the area is perhaps most renowned for its entertainment, athletics, cultural offerings, dining experiences and nightlife. On almost any given weekend, a visit to Ann Arbor will coincide with one of the many festivals and special events hosted in Ann Arbor. Two of the most recognizable traditions are the Ann Arbor Art Fair and University of Michigan football. Every July, the award-winning Ann Arbor Art Fair transforms the downtown streets into an art gallery featuring thousands of juried artists. In the fall, each football Saturday brings more than 100,000 people to town for tailgating and fill "The Big House" to watch the University of Michigan Wolverines. In the winter, holiday light festivals and the Ann Arbor Folk Festival are always crowd pleasers. April brings the thaw and a weekend unlike any other as we celebrate whimsy during FoolMoon and FestiFools. Described as an urban oasis, the Ann Arbor area is also the perfect four season destination for outdoor enthusiasts. The third largest township in Washtenaw County, Scio comprises about 32 square miles located between Maple, Scio Church, Parker and Joy Roads. It is a community of more than 16,500 residents, located immediately west of Ann Arbor. The Township is home to the beautiful Huron River – hugged by the scenic Huron River Drive – and is bisected by Jackson Boulevard and I-94. Scio Township is a diverse and thriving community. Average income is among the highest in Washtenaw County and there is a wide variety of housing options; over the past ten years, the population grew by 27% and is predicted to grow another 19% by 2035; there are more than 900 businesses on Scio’s registers; the Township offers a full range of services – fire, EMT, and police and also provides water and wastewater treatment for those businesses and homes located in the sewer district; Scio is within easy reach of SE Michigan’s major thoroughfares – for most residents and workers, Scio is only a ten-minute drive from the city of Ann Arbor. Scio has a large and active business community. Scio has many significant attributes that draw smaller start-up companies to the area, including large, vacant spaces, low rental costs, easy access to Ann Arbor and places eastwards, no traffic congestion and free parking. These attributes appeal even to larger companies and nationally known corporations, several of which have located in Scio. Scio also offers easy access to necessary services and retail – car maintenance, groceries, supplies, restaurants and coffee shops. With 16,500 residents and a high quality of life, Scio offers a large, affluent customer base. Any company locating newly in Scio will find a healthy community life for its employees and their families. There are two outstanding public school systems to serve township residents – Ann Arbor and Dexter. Both have excellent ratings. In addition, there are two K-6 Montessori schools and the Emerson School for gifted children.
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 14,300 SF
Parking Type: Surface
Parking Description: Ample on-site parking.
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Zoning Description: Office Service District (OS). a. Intent. The intent of the office service district is to provide locations for low intensity uses which primarily include office uses, and business and personal services uses which are dependent on and supportive of an office environment. The office service district is intended for smaller sites with minimum road frontage and lot depth which may be located between residential areas and commercial areas and/or thoroughfares. The district shall be characterized by uses which: generally operate during normal business hours; produce a low volume of traffic, are a compatible transitional use between commercial and residential areas and/or between thoroughfares and residential areas; and, are located in buildings which are architecturally compatible with the residential community. The office service district is not intended to permit commercial retail uses that generate a large traffic volume. A limited range of service uses are permitted for the benefit of official personnel, tenants and visitors, provided that offices remain the predominant use within the district. This district is to be used only in those areas of the township which are served by public water and sanitary sewer facilities, and where storm drainage is sufficient to handle an intense level of development. b. Permitted uses. 1. Office buildings for the use of any of the following occupations: executive, administrative, professional, accounting, writing, clerical, stenographic, drafting, and sales. 2. Medical and dental offices, including clinics and medical laboratories. 3. Veterinary offices and hospitals, including accessory boarding, provided no outdoor exercise runs or pens are permitted. 4. Governmental offices. 5. Banks, credit unions, savings and loan associations. 6. Publicly owned buildings, public utility transformer stations and substations, telephone exchanges, and public utility offices. 7. Training and/or educational centers where such centers are designed and intended to provide training at the business, technical, and/or professional level. 8. Data processing and computer centers, including the servicing and maintenance of electronic data processing equipment. 9. Employee services. Employee services such as a cafeteria, snack bar or exercise gym may be permitted as an accessory use to a permitted or conditional land use in the O-2 district, provided such services are contained wholly within the principal structure and are offered to employees only. c. Conditional uses. 1. The following uses may be considered for approval as conditional uses when included as part of a building or development containing a permitted use: (i) Standard restaurants. (ii) Personal service establishments, such as barber and beauty shops, watch and shoe repair, tailor and similar establishments. (iii) Laundry and dry cleaning customer outlets, provided that dry cleaning or laundry plants serving more than one customer outlet shall be prohibited. (iv) Florists. (v) Pharmacies, including stores selling or renting durable medical equipment. (vi) Photographic studios. (vii) Retail office supply, computer and business machine sales. (viii) Business service establishments such as printing and photocopying services, mail and packaging services, and typing and secretarial services. 2. Private service clubs, fraternal organizations and lodge halls. 3. Retail sales when conducted in conjunction with a permitted land use. Floor area devoted to retail sales shall not exceed ten percent of gross floor area. 4. General or specialty hospitals. 5. Funeral homes. 6. Nursing and convalescent centers. 7. Day care, subject to the provisions of section 36-128. 8. A church, synagogue, cathedral, mosque, temple, or similar building used for religious worship, subject to the provisions of section 36-136. For more, visit the Scio Township website.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 15,444 54,295
Median Age: 41.2 40.33
Households: 6,092 22,119

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