100 Phoenix Dr - Medical FOR SALE
Ann Arbor, MI 48108 |
100 Phoenix Dr
Ann Arbor, MI 48108
HIGHLIGHTS
- Strong existing NOI - 70% leased through 2023+, 45% leased through 2027
- Diversified rent roll with 10 tenants; including IBM Watson Health, NSF International, and Zomedica Pharmaceutical
- Located in strong Ann Arbor office market
- Added tenant amenities could enhance tenant experiences and support higher rents as options expire
- Upside built into current lease terms with further upside as options expire
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
100 Phoenix
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
330322
STORIES
3
BUILDING CLASS
B
YEAR BUILT
1970
SPRINKLERS
-
PARKING SPACES
1260
LAND DETAILS
LAND ACRES
19.9 AC AC
LAND SF
866,844 SF
ZONING
-
APN/PARCEL ID
12-09-400-025
