|Price/Rent PSF||$ 4,000,000.00|
|SQ. FT. Available||46,356|
Ann Arbor, MI location is one of the economically strongest in the Midwest
SVN | Stewart Commercial Group is pleased to present for sale a +/- 46,356 square foot single-tenant industrial property located at 5500 S. State, Ann Arbor, MI. The property is 100 % occupied and is subject to a recently signed 5-Year lease with Adaptive Energy. The lease is a NNN structure with limited Landlord responsibilities. Adaptive Energy and its predecessor companies manufacture fuel cells for industry and government use and the property has been occupied for that use since 2007.
The property is located in the economically diverse community of Ann Arbor, MI which is home to the world-renowned University of Michigan. The property is strategically located on South State Street and is just two miles to I-94, the major interstate connector between Detroit and Chicago. The location is in close proximity to major national retail and the largest concentration of hotel space in the Ann Arbor market. The property benefits from its location within one of the most highly educated populations in the Midwest. Downtown Ann Arbor is approximately 5 miles away and the City of Detroit is a mere 40 miles away.
The building is situated on 4.63 and the parking lot and drive area were replaced in October 2018. The warehouse/manufacturing area was completely updated in 2007 and is air-conditioned and sprinkled.