Fully Leased Office Building

Office for Sale
Catylist Listing ID: 30343965
Property Subtypes: 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 | Howard Hanna
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 6.0%
Average Occupancy Rate: 100
Last Updated: 12/12/2018

Overview / Comments

Highly visible office building at the corner of West Stadium Boulevard and Pauline. Great signage. Fully occupied with three long-term tenants. PUD zoning.

Buyer will need to sign a Confidentiality Agreement prior to any further details being disclosed.

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
Property Located Between: NE corner W Stadium Boulevard & Pauline Boulevard
Property Visibility: Excellent
Highway Access: Located just 1 mile south of the I-94 / Jackson Rd exit on West Stadium.
Airports: Ann Arbor, Willow Run & Detroit Metro
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
Parking Ratio: 5.2 (per 1000 SF)
Parking Type: Surface
Parking Description: Ample parking with ingress and egress on both W Stadium and Pauline.
Total Parking Spaces: 115
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, T1/T3
Zoning Description: Planned Unit Development
Lot Frontage: 382
Lot Depth: 241
Water Service: Municipal
Sewer Type: Municipal
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

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