HIGHLY VISIBLE | FULLY TENANTED OFFICE BUILDING

Office for Sale
Catylist Listing ID: 30450172
Property Subtypes: Mixed Use, Office Building
Building Size (RSF): 22,293 SF
Gross Land Area: 2.11 Acres
Sale Price: $5,950,000
Unit Price: $266.90 PSF
Ceiling: 12 ft.
Property Use Type: Investment
Building Name: Stadium Centre
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 6.0%
Average Occupancy Rate: 100
Last Updated: 9/10/2019

Overview / Comments

Highly visible office building at the corner of W Stadium and Pauline Blvd. Terrific location with easy access to downtown, business district, I-94, US-23 and local communities. Great signage. Fully occupied with three long-term tenants. PUD zoning. Call agent for additional details.

Sale is subject to 1031 Exchange by owner.

Current Tenants

Tenant Business Name Howard Hanna | Real Estate Services
Website URL https://www.howardhanna.com/Office/Detail/Ann-Arbor/005651
Is Renting? Yes
Suite Number 1886
SF of Space Occupied 16,104 SF
Tenant Business Name Thatcher Chiropractic
Website URL https://drthatcher.com/
Industry Type Health Care and Social Assistance
Is Renting? Yes
Suite Number 100
SF of Space Occupied 1,200 SF
Tenant Business Name The Polished Edge Salon
Website URL http://www.thepolishededgesalon.com/index.html
Industry Type Retail Trade
Suite Number 1882
SF of Space Occupied 1,817 SF

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw W of 23
Taxing Authority: City of Ann Arbor
Tax ID/APN: 09-09-31-214-041
Zoning: PUD-PLANNED UNIT DEVELOPMENT DISTRICT
Property Located Between: West Stadium and Pauline Blvd
Property Visibility: Excellent
Highway Access: Located just 1 mile south of the I-94/Jackson Road exit on West Stadium.
Airports: Detroit International Airport - 30 min, Ann Arbor Municipal Airport - 14 min
Area Description: West Stadium Boulevard is located one mile west of University of Michigan's Football Stadium, and is a busy retail office corridor. High traffic counts. Easy access to downtown Ann Arbor and Briarwood Mall.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 22,293 SF
Year Built: 1984
Roof Type: Gable
Construction/Siding: Brick
Exterior Description: Brick Veneer Exterior, composite shingle roof, concrete foundation with no basement. Asphalt parking lot. New roof 2015.
Parking Ratio: 5.2 (per 1000 SF)
Parking Type: Surface
Parking Description: Ample parking with ingress and egress on both W Stadium Blvd and Pauline.
Total Parking Spaces: 115
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: PUD
Lot Frontage: 382
Lot Depth: 241
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: to be provided with title commitment
Legal Description: COM N 1/4 COR SEC 31 TH S 89 DEG 21 MIN 30 SEC E 265.6 FT TH S 0 DEG 00 MIN 30 SEC E 766.14 FT TH S 89 DEG 47 MIN W 525.67 FT FOR POB TH S 0 DEG 00 MIN 30 SEC E 447.68 FT TH S 89 DEG 23 MIN 30 SEC W 96.56 FT TH N 37 DEG 19 MIN 30 SEC W 562.27 FT TH N 89 DEG 47 MIN E 437.34 FT TO POB PRT SEC 31 T2S R6E

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,308 101,468 157,322
Median Age: 37.14 32.7 34.89
Households: 7,583 41,181 63,734

Contact

Photograph of Listing Agent

James H. Chaconas

Colliers International
CPIX Member
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