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    FOR LEASE
    Office buildings

    880 Technology Dr, Ann Arbor, MI 48108

    84,415 SF 9.96 ac lot Built 1997
    Entity Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US43-1573426
    Property summary
    AI-generated overview

    Ann Arbor's 880 Building offers 85,883 square feet of flexible space in a single-story building situated on 9.96 acres. Built in 1997 and renovated in 2023, this Class B property features 15'8" ceilings, 413 parking spaces, and one drive-in bay. The minimum divisible space is 8,000 square feet, with a maximum contiguous space of 25,692 square feet currently vacant. The building boasts 3,500kVA 3-phase 480/277v 4,000amps power. Located at 880 Technology Drive, Ann Arbor, MI 48108, this property enjoys a prime location in the Avis Innovation Park, minutes from the University of Michigan, downtown Ann Arbor, and I-94. The BD zoning allows for diverse uses, including office, R&D, data centers, labs, medical clinics, light manufacturing, and more. The building offers a light-filled environment with flexible floor plans and is surrounded by walking/biking trails and natural ponds. Amenities include excellent signage, robust internet speeds (100 Gbps bandwidth), and the potential for ceiling height increases. The property benefits from a strong tenant base and an active property management team. This location is in the heart of Ann Arbor's thriving research and development corridor, surrounded by leading companies in various industries.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1997
    Total area 84,415 SF
    Lot 9.96 ac (433,858 SF)
    APN L -12-20-101-007
    UPID US43-1573426
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Audatex (Bike/Boat/Book/etc) Store Corporate Office
    • Center for Automotive Research Charitable Organization Social Service Agency
    • Creative Solutions Software (Bike/Boat/Book/etc) Store Corporate Office
    • Merit Network, Inc. IT Consulting Firm Tech Support Center
    • National Advanced Mobility Consortium (NAMC) Charitable Organization Social Service Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $9.58M
    Blend (final) Blend
    $9.59M
    Owner & transaction history
    880 Technology LLC · 5 yrs held
    880 Technology LLC
    since 2020
    7 recorded transactions
    2020
    2018
    2006
    2002
    1998
    1998
    $6.3M
    1998
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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