Leased Flex Industrial
1195 Oak Valley Dr Ann Arbor, MI 48108
For Sale
$3,350,000
NNN flex/industrial building with docked bay access and an office suite configured with private offices and restrooms.
Property Size17,243 SF
Price / SF$194.28
Days on Market71
Property Features for 1195 Oak Valley Dr
General Information
- Standard status
- Active
- Size
- 17,243 SF
- Property subtype
- Net Lease
Listing Agency:
Ann Arbor
(734) 769-5005
Listed By:
James Chaconas · License #6502358011
(734) 769-5005
Source:
Colliers
Added: May 14
Changed: Jul 23
Last Checked: Jul 23 at 3:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ann Arbor
Investment Insights
Based on property information with market context.
This NNN flex/industrial property totals 17,243 SF and is fully leased through September 2035. The office area includes private offices, conference rooms, a kitchenette, and restrooms. The flex portion features two large bays, mezzanine storage, a dock with mechanical leveler, and a full bay door.
The property is located in Pittsfield Township within Valley Ranch Business Park, managed locally by Oxford Companies. It is near I-94, State Street, and downtown Ann Arbor, and is positioned among major retailers and established businesses.
On-site parking supports day-to-day access for employees and visitors, while the warehouse/flex configuration is designed for practical operations with docked loading and large-bay functionality.
The property is located in Pittsfield Township within Valley Ranch Business Park, managed locally by Oxford Companies. It is near I-94, State Street, and downtown Ann Arbor, and is positioned among major retailers and established businesses.
On-site parking supports day-to-day access for employees and visitors, while the warehouse/flex configuration is designed for practical operations with docked loading and large-bay functionality.
Key Highlights
- 17,243 SF NNN investment building fully leased to a strong tenant through September 2035
- Flex/industrial space includes two large bays, mezzanine storage, a dock with mechanical leveler, and a full bay door
- Office area features private offices, conference rooms, kitchenette, and restrooms
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $269.0k | $15.60 |
| − Vacancy | −$16.1k | −$0.94 |
| EGI | $252.9k | $14.66 |
| − OpEx | −$88.5k | −$5.13 |
| NOI | $164.4k | $9.53 |
17,243 SF · lease $15.60/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$2.35M
$2.05M – $2.74M
NOI $164,353 @ 7.0% cap · market cap 4.91%
Second Best
Warehouse
$1.63M
$1.43M – $1.90M
NOI $114,216 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$3.81M
$3.33M – $4.44M
NOI $266,574 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - NNN flex/industrial building with docked bay access and an office suite configured with private offices and restrooms.
Where is this flex space located?
The property is located at 1195 Oak Valley Dr Ann Arbor, MI.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: 17,243 SF NNN investment building fully leased to a strong tenant through September 2035; Flex/industrial space includes two large bays, mezzanine storage, a dock with mechanical leveler, and a full bay door; Office area features private offices, conference rooms, kitchenette, and restrooms
