Industrial Flex Building with High-Bay
For Sale
Contact for pricing
5775 Interface Dr, Ann Arbor, MI 48103
Climate-controlled flex space combines warehouse and office functionality with high-bay and low-bay access.
Property Size114,269 SF
Price / SF$0.00
Days on Market221
Property Features for 5775 Interface Dr
General Information
Standard status
Active
Size
114,269 SF
Total Parking Spaces
656
Property subtype
Office
Zoning
I-1
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
29 ft
Mezzanine
11,968 SF
Dock-High Doors
1
Drive-In Doors
1
Power
3,600 amps
Three-Phase Power
Yes
Conditioned Warehouse
Yes
Building Details
Building Size
114,269 SF
Buildings
1
Construction
concrete block
Listing Agency:
Avison Young | Detroit
Listed By:
Jacob Zammit
(313) 209-4118
Source:
Cpix.resimplifi
Added: Mar 11
Changed: Oct 4
Last Checked: Oct 16 at 5:53AM
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 Avison Young | Detroit
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This industrial flex property provides a combination of warehouse and office space within a climate-controlled building. The facility includes high-bay and low-bay areas, an 11,968-square-foot built-out mezzanine, and clear heights ranging from 18 feet to 29 feet. Heat and air conditioning serve the building, while one grade-level door and one truck dock support loading access. A generator is available, and the electrical service includes 3-phase, 3,600 amps with capacity for a substantial increase.
The property is zoned I-1 and includes 656 parking spaces. It is located less than 1 mile from I-94, with lodging and food amenities in the immediate vicinity. The building also offers potential expansion capabilities and optional truck dock or grade-level door configurations based on the required layout.
The property is zoned I-1 and includes 656 parking spaces. It is located less than 1 mile from I-94, with lodging and food amenities in the immediate vicinity. The building also offers potential expansion capabilities and optional truck dock or grade-level door configurations based on the required layout.
Key Highlights
- 11,968‑square‑foot built‑out mezzanine delivered in 2006
- 18'-29' clear height throughout the facility
- 3‑phase, 3,600‑amp power with ability to substantially increase service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$583,595
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,671,900
$11.7M
Cap Rate 7%
$8,337,071
$8.3M
Cap Rate 9%
$6,484,389
$6.5M
Market Conditions
NOI Build-Up for 114,269 SF
Gross rent
$877.6K $7.68/SF
− Vacancy
−$43.9K −$0.38/SF
EGI
$833.7K $7.30/SF
− OpEx
−$250.1K −$2.19/SF
NOI
$583.6K $5.11/SF
Area
Ann Arbor, MI
Vacancy
5.00%
Lease Rate
$7.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,671,900
Cap Rate 7%
$8,337,071
Cap Rate 9%
$6,484,389
Alternative Uses
Best Use
Office B
$18.34M
$16.05M – $21.40M
NOI $1,283,778 @ 7.0% cap · market cap 4,279,260.00%
Second Best
Flex RnD
$15.56M
$13.61M – $18.15M
NOI $1,089,166 @ 7.0% cap · market cap 3,630,553.33%
Theoretical Best
Office A
$25.24M
$22.08M – $29.44M
NOI $1,766,580 @ 7.0% cap · market cap 5,888,600.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
29 ft
Clear height
1
Dock-high doors
1
Drive-in doors
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
393
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48103, MI
55,605
Population
25,511
Households
2.2
Avg Household Size
40
Median Age
75%
College-Educated
97%
High-School Grad
66.5 sq mi
ZIP Area
836
Density / Sq Mi
$115,513
Median Household Income
$65,698
Median Earnings
$1,760
Median Rent
$455,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Grand Traverse Pie Catering — 291 N Zeeb Rd, Ann Arbor, MI 48103
Frequently Asked Questions
What type of property is this?
Flex space - Climate-controlled flex space combines warehouse and office functionality with high-bay and low-bay access.
Where is this flex space located?
The property is located at 5775 Interface Dr Ann Arbor, MI.
What are key features of this property?
This property features: 11,968‑square‑foot built‑out mezzanine delivered in 2006; 18'-29' clear height throughout the facility; 3‑phase, 3,600‑amp power with ability to substantially increase service
