625 Avis DrAnn Arbor, MI 48108

Property Details for 625 Avis Dr

Year built

1988

Lot size

10.87 AC

Property size (Sq ft)

48,106 SF

Property type

Office buildings

APN

L -12-20-100-006

APU

L1220100006

Description

This exceptional 48,673-square-foot research and development facility at 625 Avis Drive is available for lease. The property offers a flexible layout, with a minimum divisible space of 16,000 square feet and the potential to lease the entire 48,673 square feet contiguously. Currently, the entire building is vacant, presenting a unique opportunity for a single tenant or multiple tenants. Situated on a generous 10.87-acre lot, the property boasts 2.5 acres of vacant land, allowing for future expansion. The building features a beautiful auditorium, a full kitchen and cafeteria, and ample parking. Its strategic location provides quick access to I-94 and US-23, enhancing logistical efficiency. The property is equipped with a robust electrical system (1600 Amps, 480 Volt) and a backup emergency generator, ensuring business continuity. The serene setting, nestled in a gorgeous wooded area on a lake, offers a tranquil and productive work environment. The asking price for the entire property is $6,500,000. This property is ideal for a company seeking a large, well-equipped, and conveniently located R&D facility.

• CAP approach

  CAP return

  Valuation

  6%

  $8,235,167

  6.5%

  $7,601,692

  7%

  $7,058,714

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,499,835

  Geo Method

  $4,499,835

• Alternative Use

  Use

  Valuation

  Residential

  $9,426,099

  Hospitality

  $8,634,256

  Educational

  $7,183,600

  Medical

  $7,430,654

  Retail

  $11,174,488

Location Insight

City

Ann Arbor

County

Washtenaw

State

Michigan

Latitude

42.2118

Longitude

-83.7394

CBSA code

11460

CBSA name

ANN ARBOR, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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