Stadium Centre Office Building

Back to your search results

Stadium Centre Office Building

1880-1898 West Stadium Blvd Ann Arbor MI Washtenaw County

Sales Price: $5,198,387

Cap Rate: 7.75%

Contact Person(s): Max Lippitt
Daniel Kukes
Jason Greenspan

Description:

EXCEPTIONAL LOCATION / UNIVERSITY OF MICHIGAN CAMPUS

  • The subject property is within two miles of the University of Michigan –the 2nd largest college in Michigan with over 45,000 students and 25,000 faculty members. The University of Michigan is consistently ranked among the most prestigious universities in the United States.

STRONG, LONG-TERM TENANCY

  • The subject is anchored by Howard Hanna Real Estate Services, the #1 family-owned and operated independent broker in the United States.
    • Howard Hanna has been successfully operating at this location since 1996 and recently expanded their building footprint for their growing team.
  • Thatcher Chiropractic has been at this location since 1985 and recently signed a lease renewal.
  • The Polished Edge Salon has been at this location since 2011 and has also recently signed a lease renewal.

GREAT BUILDING CONDITION

  • No immediate capital expenditures needed.

EXCELLENT VISIBILITY

  • The subject property sits at the signalized hard corner of W Stadium Drive (19,208 VPD) and Pauline Blvd (3,600 VPD) with two access points.
  • Stadium Drive is one of the main commercial corridors serving downtown Ann Arbor and the University of Michigan.

Building Size: 20,517 SF

Lot Size: 2.11 AC

Available Space: 0%

Zoning: PUD

Tenant Roster: Thatcher Chiropractic
The Polished Edge Salon
Howard Hanna

Traffic Count: Stadium Blvd: 19,208 CPD

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile
Population Density: 14,455 93,115 152,995
Avg. HH Income: $112,991 $111,514 $118,470
Daytime Population: 4,886 73,419 107,383

LANDMARK INVESTMENT SALES – Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.