Industrial Building: 208 Haeussler Court, Ann Arbor

3,192 SF Industrial Building SOLD

Rare small industrial flex building. Office and warehouse shop space includes 14′ ceiling and overhead door. Sprinklered interior. 14 parking spaces in surface lot.

Ideal location in Parkland Plaza, off Jackson Road. Easy access to I-94 and M-14. Minutes from downtown Ann Arbor.

For more information on this new construction or to schedule a property tour, contact BART WISE at (734) 662-3778 or BARTW@SWISHERCOMMERCIAL.COM.

Downtown Retail Space For Lease: 324 S. State, Ann Arbor

Former coffee shop in the center of downtown Ann Arbor, on U of M’s campus. First floor suite. Across from the popular U of M Diag and adjacent to Nickels Arcade.

For Lease: 4,685 sf, $45.00 psf (NNN)

All the equipment is available for new tenant. Includes but is not limited to espresso machines, refrigeration, and tables/chairs. Ideal location with high visibility.

Metered parking available on surrounding streets as well as at nearby municipal lots/structures.

For more information, contact Randy Maas at (734) 222-7525 or rmaas@swishercommercial.com or  Mike Giraud at (734) 662-3617 or mgiraud@swishercommercial.com.

Last Remaining Warehouse Suite: 251 Jackson Plaza, Ann Arbor

LEASED: SUITE A1 – 2,632 SF Office Suite

LAST REMAINING WAREHOUSE SUITE: SUITE A5 – 2,720 SF Flex Warehouse suite with one overhead door.

Affordable space on Ann Arbor’s West side in multi-tenant building. Located just off Jackson Road Blvd and Wagner on West side of Ann Arbor near shopping and restaurants. Easy access to I-94 and M-14/US-23.

For more information on this warehouse suite in Ann Arbor or schedule a property showing, contact CHARLIE KOENN at (734) 926-0230 or CKOENN@SWISHERCOMMERCIAL.COM.

THE EAST OFFICE AREA (EOA)

The East Office Area (EOA) vacancy rate increased a percent and a half from 10.9% in 2019 to the current rate of 12.4%. (+1.5%)

One property in the EOA reported 14,000 square feet higher vacancy than last year, and of the nine other buildings in the EOA with increased vacancy, none increased by more than 5,000 square feet. Despite the dampening effect of the pandemic, there was a steady flow of new small-office transactions in the EOA, which moderated the increase in the vacancy rate of the sub-market. New office tenants relocating or expanding into the EOA included firms in the mental health, accounting, legal and real estate sectors.
To speak with a broker regarding the current Ann Arbor commercial real estate market, call (734)663-0501.

Retail Suite: 25 Jackson Industrial, Ann Arbor

Retail Suite LEASED: 2,100 SF

Great retail or service opportunity in highly visible shopping center end unit. Frontage on Jackson Road across from Lowe’s, Standard Bistro and next to Meijer. Ample at the door parking. Easy access to I-94 at Zeeb Road interchange 169.

Jeff Evans of Swisher Commercial was the listing and selling agent for this property. Jeff can be reached by phone at (734) 926-0222 and by e-mail at jeffevans@swishercommercial.com.

Ann Arbor Market Info – YE Vacancy Report

MLive.com interviews Bart Wise regarding the 2020 YE Vacancy Report and the current commercial real estate climate in Ann Arbor.
“We brokered quite a few transactions in 2020 and a lot of them of are businesses that continued on,” Wise said, including manufacturers of sanitary products. “As time goes on and more and more people are vaccinating, that’s going to have a stabilizing impact. That’s going to take some time and different people will react differently.”
Others anticipate businesses will adopt a “work-from-anywhere” model, where they will continue to have an office presence to utilize downtown Ann Arbor’s amenities, such as easily grabbing a bite to eat or meeting with others, while also maintaining a productive schedule outside of a formal space.

Industrial Warehouse Suite: 4480 Varsity Drive, Ann Arbor

Industrial Warehouse Suite E LEASED: 6,600 SF

Unit features 17.5′ ceilings with three 12′ x 14′ power grade level overhead doors and single phase, 200 AMP power. It has two separate warehouse areas with shipping receiving offices, utility sink, and forced air shop heaters. It also has back-up generator power. Total warehouse area is 4,068 SF. Ample truck parking behind building. Office area has 2,520 SF with multiple private offices, conference room, kitchen area, and two barrier free ADA compliant restrooms.

Jeff Evans of Swisher Commercial is the listing and leasing agent for this property. Jeff can be reached by phone at (734) 926-0222 and by e-mail at JEFFEVANS@SWISHERCOMMERCIAL.COM.

 

THE NORTH OFFICE AREA (NOA)

The North Office Area (NOA) vacancy increased from 6.8% to 7.0%. (+0.2%)
Of the 35 NOA buildings, nine reported a change in vacancy, with three of those buildings increasing by more than 5,000 square feet. The negligible increase reinforces our vacancy report historical data showing that NOA buildings attract long-term tenants, bringing stability to NOA landlords, even in difficult times. Nevertheless, underneath the relatively stable vacancy rate, this year there was a lack of significant new demand for office space in the NOA. Anecdotally, a listing broker reports that a Class A NOA office building with a sizable vacancy has had but a single new prospect inquiry since the beginning of the pandemic. Typically, in that same time frame, a quality Class A office vacancy in the NOA would draw a half-dozen or more inquiries by prospective tenants.

Valley Ranch Business Park | New Construction: 1175 Oak Valley, Ann Arbor

FOR SALE “AS IS”: New construction office building located in Valley Ranch Business Park on the south side of Ann Arbor. Site and shell completed. Ready for tenant leaseholds. Includes 4 loading doors and 17′ ceilings. 800 AMP, 277 VOLT, 3 Phase electric. Zoned for Office, Research & High Tech Uses.

Building Square Footage: 25,446 SF

Sale Price: $3,800,000

New Construction 1175 Oak Valley Suites Swisher Commercial

FOR LEASE: Approx. suites sizes available: 5,000 sf, 10,000 sf, 15,000 sf, 20,000 sf and 25,000 sf

LEASE RATES:

$17.00 PSF NNN with a $50.00 PSF Buildout Allowance (5 Year Lease Minimum)

$19.00 PSF NNN with a $60.00 PSF Buildout Allowance (5 Year Lease Minimum)

$18.50 PSF NNN with a $60.00 PSF Buildout Allowance (7 Year Lease Minimum)

For more information on this new construction or to schedule a property tour, contact Bart Wise at (734) 662-3778 or bartw@swishercommercial.com.