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Orchard Professional Building 3055 Plymouth Rd 18,000 sq ft 100% Let Office Property Ann Arbor, MI 48105 £2,429,895 (£134.99/sq ft) 6.97% Net Initial Yield
INVESTMENT HIGHLIGHTS
- 90% Occupied 18,000/SF Trophy Medical Office Building | Fully Built Out Basement Ideal For Storage
- All Leases Are Currently Gross Leases With Potential To Convert To Absolute Net Leases
- Professionally Maintained and Managed
- 1984 David Osler Designed Building - A True Pride of Ownership Asset and "One of a Kind" Design
- Ann Arbor, Michigan, Is Home To The University of Michigan | 53,000 + Students | Directly Across The Street From The University Of Michigan North
- Prime Location: Situated on a 2.9-Acre Lot Along Plymouth Road, Between Nixon and Green Roads—Just 1 mile From US-23 and 2 Miles From Downtown
EXECUTIVE SUMMARY
90% Occupied 18,000/SF Trophy Medical Office Building | Fully Built Out Basement Ideal For Storage
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Office / Residential
Property Size
18,000 sq ft
Costar Property Class
C
Year Built
1984
Price
£2,429,895
Price per sq ft
£134.99
Yield
6.97%
NOI
£169,348
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
9,000 sq ft
Floor To Floor Height
10 ft
Plot ratio
0.14
Total Plot Size
2.94 ac
Use Class
TC1 - Transit Corridor - Mixed Use
Parking
100 Spaces (6 Spaces per 1,000 sq ft Leased)
AMENITIES
- Bus Route
- Signage
Bike Score®
Good for cycling (88)
PROPERTY TAXES
| Parcel Number | 09-14-300-075 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £1,391,171 |
PROPERTY TAXES
Parcel Number
09-14-300-075
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£1,391,171
CONTACTS
-
Deno Bistolarides -
Nick Yaldo -
Ryan Vinco -
Encore Real Estate Investment Services
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Orchard Professional Building | 3055 Plymouth Rd
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