Ann Arbor Flex/Industrial
625 Avis Dr Ann Arbor, MI 48108
625 Avis Dr, Ann Arbor, MI, 48108
Contact for pricing
For Sale
Contact for pricing
48,673 SF flex/industrial property available for sale.
Property Size48,673 SF
Price / SF$133.54
Days on Market1838
Property Features for 625 Avis Dr
General Information
- Standard status
- Active
- Size
- 48,673 SF
- Property subtype
- Office, Industrial
Listing Agency
Colliers - Royal Oak/Detroit, Michigan
(734) 660-0763
Listed by
Jonathan Loos · License #MI 6501407736
Source
Crexi
Added: Jul 8, 2021 Checked: Jul 16 at 8:29 am
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 Colliers - Royal Oak/Detroit, Michigan
Investment Insights
Based on property information with market context.
This 48,673 square foot property in Ann Arbor, Michigan, is available for sale. The property is suitable for flex space, industrial, office units, office properties and spaces, warehouses, and other commercial real estate uses.
Key Highlights
- No property information was provided to extract selling points.
Local Financial Insights For Office B
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 | $852.8k | $17.52 |
| − Vacancy | −$123.6k | −$2.54 |
| EGI | $729.1k | $14.98 |
| − OpEx | −$182.3k | −$3.74 |
| NOI | $546.8k | $11.23 |
48,673 SF · lease $17.52/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$7.81M
$6.84M – $9.11M
NOI $546,827 @ 7.0% cap · market cap 8.41%
Second Best
Flex RnD
$6.63M
$5.80M – $7.73M
NOI $463,932 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$10.75M
$9.41M – $12.54M
NOI $752,477 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
American Customer Satisfaction
Business Management Consultant
CSat Investment Advisory
Consultant
Reliable Appliance Repair
Home Appliance Store
A CSI LLC
Business Management Consultant
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - 48,673 SF flex/industrial property available for sale.
Where is this flex space located?
The property is located at 625 Avis Dr Ann Arbor, MI.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: No property information was provided to extract selling points.
