Retail Space / Michigan / Ann Arbor / 48103 / 2372 Oak Valley Drive

2372 Oak Valley Drive

Q: What is the building size of this Retail property in Ann Arbor, MI?

The size of the building/unit at 2372 Oak Valley Drive in Ann Arbor is 60,706 square feet.

Q: What kind of Retail is the propery at 2372 Oak Valley Drive?

The property at 2372 Oak Valley Drive Ann Arbor, MI 48103 is listed as a Shopping Center Retail property.

Q: What is the population within 1 mile of 2372 Oak Valley Drive?

The population within 1 mile of 2372 Oak Valley Drive Ann Arbor, MI 48103 is 7,349 people.

Q: Who do I contact for questions about 2372 Oak Valley Drive?

You should contact the listing agent, William Bubniak, for any details regarding this commercial listing.

Ann Arbor, MI 48103

Listing ID: 249065

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Building Size: 60,706 SF

Lot Size: --

Land Size: --

Building $/SF: --

Land $/SF: --

Price

Call for Pricing

Property Highlights

Located in Strong Ann Arbor Office Market

Strong in place NOI with Annual Lease Bumps

Conveniently Located with Immediate Freeway Access to I-94

Minimum Lease Rollover

Class A Office Building with High-End Finishes and High-End Buildouts

Close Proximity to one of the Americas Top Public Universities

Description

NAI Farbman is pleased to present for sale Park Place 5 (the “Property”), an opportunity to acquire a class A office building in Ann Arbor, Michigan. The +/- 60,706 square foot office building is currently 100% occupied by six tenants with 91% of the current leases through 9/30/2023 and beyond. The current NOI is $1,299,842 with various increases throughout the lease terms on the rent roll. Investors have an opportunity to acquire the property with an established and attractive stable cash flow with various high-quality tenants.

Points of Interest & Demographic Radii

Points of Interest

Demographic Radii

POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

Detroit History of Retail Space for Sale

Listing Demographics for 2372 Oak Valley Drive Ann Arbor, MI 48103

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		7,349	80,213	142,783
Population Median Age		39	34	35
Population by Age	0-9 Yrs	923 (12%)	5708 (7%)	11346 (7%)
	10-19 Yrs	971 (13%)	12002 (14%)	21841 (15%)
	20-29 Yrs	779 (10%)	26500 (33%)	41225 (28%)
	30-39 Yrs	1153 (15%)	9615 (11%)	17222 (12%)
	40-49 Yrs	1009 (13%)	6859 (8%)	13395 (9%)
	50-59 Yrs	964 (13%)	7235 (9%)	13561 (9%)
	60-69 Yrs	734 (9%)	6905 (8%)	13423 (9%)
	70+ Yrs	815 (11%)	5390 (6%)	10770 (7%)

Median HH Income		$109,648	$74,277	$74,750
Total Household Income	< 24K	236 (7%)	6392 (20%)	10539 (19%)
	25-49K	293 (9%)	4858 (15%)	8694 (15%)
	50-74K	393 (13%)	4858 (15%)	8560 (15%)
	75-99K	399 (13%)	3814 (11%)	6151 (11%)
	100-199K	1198 (39%)	8165 (25%)	13687 (24%)
	200K+	488 (16%)	3867 (12%)	7799 (14%)

Highest Education Level	No Diploma	64	752	2139
	Diploma or GED	359	2839	6320
	Some College	488	4606	9121
	Assoc. Degree	223	1964	3920
	Bachelors Degree	1605	14344	24479
	Higher Degree	2414	19623	35839

Total Housing Units		3,185	34,280	59,031
--Owner-Occupied		2,228	15,464	29,067
--Renter-Occupied		778	16,490	26,364
Owner-Occupied Values	< 100K	105	611	1570
	100-199K	151	1570	3684
	200-299K	484	3493	6624
	300-399K	805	4089	6470
	400-499K	494	2832	4523
	500K+	189	2868	6196

Total Working Age Population		5,864	71,005	124,415
In Work Force		4,188	45,401	78,215
Not In Work Force		1,676	25,604	46,200
Workforce Employed		4,056	43,667	75,202
Workforce Unemployed		115	1,712	2,961
Civlian Workforce		4,172	45,379	78,163
Military Workforce		16	22	52

Total Households		3,006	31,954	55,431
Family Households		2,053	14,181	27,305
Non-Family Households		954	17,773	28,126
Married Couple		1,824	11,826	22,661
Other Family		229	2,355	4,643
Married w/Child		915	4,818	9,082
Single Male w/Child		27	337	585
Single Female w/Child		99	750	1,509

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Michigan	9,938,444	-1	9,883,640	+1	10,023,423	+4	10,424,510
Washtenaw County	322,895	+7	344,791	+9	376,857	+12	422,684

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Common Questions and Answers

What is the building size of this Retail property in Ann Arbor, MI?

The size of the building/unit at 2372 Oak Valley Drive in Ann Arbor is 60,706 square feet

What kind of Retail is the propery at 2372 Oak Valley Drive?

The property at 2372 Oak Valley Drive Ann Arbor, MI 48103 is listed as a Shopping Center Retail property

What is the population within 1 mile of 2372 Oak Valley Drive in Ann Arbor?

The population within 1 mile of 2372 Oak Valley Drive Ann Arbor, MI 48103 is 7,349 people.

Who do I contact for questions about 2372 Oak Valley Drive?

You should contact the listing agent, William Bubniak, for any details regarding this commercial listing.

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Closest Commercial Airports

Airport	Distance (mi)
Detroit Metropolitan Wayne County Airport (DTW)	22
Toledo Express Airport (TOL)	46
MBS International Airport (MBS)	90