Ann Arbor Flex
5200 Venture Dr Ann Arbor, MI 48108
5200 Venture Dr, Ann Arbor, MI, 48108
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For Sale
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25,494 SF flex building on 9.48 acres for sale.
Property Size25,494 SF
Lot Size9.48 Acres
Price / SF$118.66
Days on Market629
Property Features for 5200 Venture Dr
General Information
- Standard status
- Active
- Size
- 25,494 SF
- Lot size
- 9.48 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1985
Listing Agency
Colliers - Ann Arbor, Michigan
(734) 994-3100
Listed by
Jim Chaconas · License #MI 6502358011
Source
Crexi
Added: Oct 31, 2024 Updated: Jul 6 at 8:04 am Checked: Jul 20 at 2:45 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 - Ann Arbor, Michigan
Investment Insights
Based on property information with market context.
This flex building offers approximately 25,494 square feet of space on 9.48 acres. The property includes approximately 14,316 square feet of modern office space and approximately 11,178 square feet of high-clear warehouse space. The warehouse features 24' ceilings, one dock, one bay door, a mezzanine, and a locker area. The first floor of the office space includes a formal entry, open work areas, a cafeteria/kitchen, and meeting rooms. The second floor features private offices, a conference room, and a large open office overlooking the warehouse. The building is equipped with 1200 AMP / 480V power, an elevator, and fire-suppressed office space. Ample parking is available. This well-designed facility is suitable for a wide range of users and offers potential for expansion in a park-like setting.
Key Highlights
- Large ±25,494 SF flex building on 9.48 acres, suitable for expansion.
- Features ±14,316 SF of modern office space and ±11,178 SF of high‑clear warehouse.
- Warehouse has 24' ceilings, one dock, one bay door, mezzanine, and locker area.
Local 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 | $397.7k | $15.60 |
| − Vacancy | −$23.9k | −$0.94 |
| EGI | $373.8k | $14.66 |
| − OpEx | −$130.8k | −$5.13 |
| NOI | $243.0k | $9.53 |
25,494 SF · lease $15.60/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$4.09M
$3.58M – $4.77M
NOI $286,417 @ 7.0% cap · market cap 9.47%
Second Best
Flex RnD
$3.47M
$3.04M – $4.05M
NOI $242,999 @ 7.0% cap · market cap 8.03%
Theoretical Best
Office A
$5.63M
$4.93M – $6.57M
NOI $394,133 @ 7.0% cap · market cap 13.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Packard Health South ...
Community Health Centre
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FAQs
What type of property is this?
Flex space - 25,494 SF flex building on 9.48 acres for sale.
Where is this flex space located?
The property is located at 5200 Venture Dr Ann Arbor, MI.
What is the asking price?
The asking price for this property is $3,025,000.
What are key features of this property?
This property features: Large ±25,494 SF flex building on 9.48 acres, suitable for expansion.; Features ±14,316 SF of modern office space and ±11,178 SF of high‑clear warehouse.; Warehouse has 24' ceilings, one dock, one bay door, mezzanine, and locker area.
