Ann Arbor News Production & Distribution Facility

Industrial for Sale
Catylist Listing ID: 30139245
Property Subtypes: Flex Space, Free-Standing, Industrial-Business Park, Light Industrial, Warehouse/Distribution
Building Size (RSF): 77,851 SF
Gross Building Area: See Agent
Gross Land Area: 14.90 Acres
Sale Price: $3,750,000
Unit Price: $48.17 PSF
Ceiling: 42 ft.
Docks/Doors: 7 Docks
Office SF: 5,480 SF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/12/2018

Overview / Comments

This is an incredible opportunity to acquire a mechanically superior Warehouse, Production and Distribution facility containing enormous operational infrastructure and systems, known as the Ann Arbor News Production and Distribution Facility. The 77,851 sq ft building with up to 42 ft ceiling heights contains over 3000 amps in a dedicated switch room, UPS System with Two Back-Up Generators, Security, Alarm and Fire Suppression Systems, a Canopied Loading Cover as well as 500 Tons of Trane & Liebert A/C and Condensers. Additionally Vacuum Pumps, Dryers and Air Compressors are strategically placed to operate machinery and mechanical equipment. The Office area contains 5,480 sq. ft. and sits in a sun filled atrium with above standard finishes and looks out on to the landscaped grounds and into the warehouse separated by a 42ft high glass partition wall.

Upon Closing the property will be delivered vacant. The present user (Ann Arbor Offset) is a full-service offset newspaper and publication printing company that provides commercial printing, production and distribution services to a large client base. The company also prints coupon books, directories, newsletters and many other types of commercial offset products.

5690 Hines Drive, Ann Arbor Michigan is one of the most desirable locations for warehouse, production and distribution space in all of the South Michigan. The property sits directly between I94, Rt 12 (Michigan Avenue) and Rt 23 and is just 2 miles from the Ann Arbor regional airport and 5 miles from the University of Michigan Campus. Because of the central location the property provides easy access into Detroit and all of Michigan as well as Indiana, Ohio and Chicago. Additionally, the property also sits on S. State Street which provides direct access into the city of Ann Arbor. Location, Location, Location!

Additional Details

Nearest MSA: Ann Arbor
County: Washtenaw
Submarket/Township: Washtenaw W of 23
Tax ID/APN: L -12­21­310­013
Property Located Between: I94, Rt 12 (Michigan Avenue) and Rt 23
Airports: Ann Arbor Regional Airport
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2000
Construction/Siding: Aluminum Siding
Overhead Cranes: Undisclosed
Amps: 3,000

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,349 40,907 132,474
Median Age: 35.24 36.14 35.58
Households: 1,627 17,076 54,477
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