Ann Arbor MixedUse For Sale Prime Investment Opportunity Prepared on THIS IS AN EXAMPLE PROPOSAL Enclosed you'll find a detailed sale presentation for your property, including aerial, floor plan, and photography. Also included are a brief report describing our online marketing options and another highlighting trends in the Ann Arbor market. I've also attached a couple custom flyers to the end. Prepared By Ronald D. Marten, CCIM 2360 E. Stadium Blvd., Unit: 16 Ann Arbor, MI 7349733185 ron@catylist.com Page 1
Ashley Terrace 111 N. Ashley Street, Ann Arbor, MI 48104 Listing ID: 10522647 Status: Active Property Type: Office For Sale Office Type: Mixed Use Sale Price: See Agent Sale Terms: Other Property Overview 111 N Ashley is a 212,760 sq. ft., 10story mixeduse development consisting of 10,002 sq. ft. retail space on the first floor, 17,110 sq. ft. of office space on the second floor and the remaining floors are residential condominiums. 2,000 4,555 sq. ft. of retail/office space is available for lease on the first floor and 17,110 sq. ft. of office space on the second floor. The entire first and second floors totaling 27,112 sq. ft. are also available for lease or sale. There is public parking next to building and across Huron Street. Sale price negotiable. More Information Online http://www.cpix.net/listing/10522647 QR Code Scan this image with your mobile device: Property Details General Information Listing Name: Ashley Terrace Tax ID Number/APN: 090929148120 Office Type: Mixed Use Property Use Type: Vacant/OwnerUser Zoning: Mixed Building Name: Ashley Terrace Class of Space: Class A Building Size (RSF): 212,760 SF Sale Terms: Other Tenancy: Multiple Tenants Smallest Unit Available: 4,555 Asking Rent Low (PSF): 25 Asking Rent High (PSF): 25 Area & Location Property Located Between: Side of Street: NWC of Ashley & Huron West Building Related Total Number of Buildings: 1 Number of Stories: 2 Typical SF / Floor: 18,609 Year Built: 2008 Exterior Description: Precast Parking Description: Security Alarms: Heat Type: Heat Source: Air Conditioning: Parking Deck Yes Other Other Other Location Address: County: 111 N. Ashley Street Ann Arbor, MI 48104 Washtenaw MSA: Ann Arbor Submarket: Washtenaw W of 23 Page 2
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Property Contacts Garrett C. Keais Signature Associates, a Cushman & Wakefield Alliance Member 2487989191 [M] 2483590610 [O] gkeais@signatureassociates.com Page 4 The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.
Online Marketing for 111 N. Ashley Street Ann Arbor, MI 48104 For maximum exposure, we promote listings on as many websites as possible, including the wide variety of local, regional, and national sites below. Promoted on these Websites SiteLink: Signature Associates http://signatureassociates.catylist.com Our company's website, powered by SiteLink. CPIX http://www.cpix.net A commercial information exchange (CIE), serving The State of Michigan. MEDC http://michigan.catylist.com A local Economic Development group. CIMLS http://cimls.com A national commercial/investment MLS with over 100,000 registered members. Cmail Email Marketing http://cmailmarketing.com An email marketing platform for commercial property with 140,000 recipients. Oodle Classifieds http://oodle.com One of the world's largest classifieds services. Commercial IQ http://commercialiq.com A national commercial real estate search engine, drawing thousands of visitors daily. Ann Arbor SPARK http://annarborusa.catylist.com A local Economic Development group. OfficeSpace http://officespace.com A tenantfocused search engine for office, retail, and industrial space. Rofo http://rofo.com A tenantfocused search engine for office, retail, and industrial space. PropBot http://propbot.com A national search engine for commercial real estate. Lycos Classifieds http://lycos.com One of the world's largest classifieds services. Vast Classifieds http://vast.com A leading vertical search platform for real estate with millions of users a month. Google http://google.com The world's leading search engine. USBizTrader http://usbiztrader.com A national marketplace for buying/leasing commercial property. Bing http://bing.com A search engine powered by Microsoft. Sibdu http://sibdu.com A global sourcing network for the corporate real estate, design and construction communities. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions. Page 5 The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.
Office Summary Ann Arbor, MI 587 Active Listings 4.2 million SF Available 64.0% Vacancy $17.31 PSF Annual Lease Rate Below List Days on Market Vacancy & Lease Rates New Listings & Completed Transactions Annual Lease Rate PSF Vacancy Rate % # New Listings # Completed Transactions This Month Last Month 3 Month Average 12 Month Average Trend 80 Sale Listings 507 Lease Listings 1.9 million SF For Sale 2.2 million SF For Lease 2.5 million SF Occupied 6.7 million SF Total Inventory 64.0% Vacancy 1.6 million SF Net Absorption 3 Leased 37 38 36 314 324 301 686,593 SF 730,199 SF 680,189 SF 1.6 million SF 1.7 million SF 1.8 million SF 4.1 million SF 3.9 million SF 3.2 million SF 6.4 million SF 6.4 million SF 5.7 million SF 36.0% 40.0% 45.5% 266,284 SF 5 7 6 Page 6 The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.
Sold $17.31 PSF Asking Lease $18.05 PSF Actual Lease $80.05 PSF Asking Sale Actual Sale Below List Days on Market 1 1 1 $16.61 PSF $15.92 PSF $14.42 PSF $21.17 PSF $20 PSF $20.73 PSF $80.85 PSF $76.94 PSF $73.04 PSF $79.72 PSF $80.97 PSF $82.88 PSF 27.5% 20.2% 28.0% 98 332 367 Frequency: Statistics are compiled at the beginning of each month. Reliability: The quality of the data will vary based on many factors, including whether or not your CIE verifies the data on an ongoing basis. Statistics based on larger numbers of listings (as indicated by the "Listings" column) are generally more trustworthy. Accuracy: We make all attempts to normalize these stats, but make no guarantees about their accuracy. Outliers (extremely high or low values) are excluded from calculations. Counts: Listing and Transaction counts reflect the number of records with price and size information within valid ranges. The actual counts of all records in the CIE are larger. Weighted Averages: Price averages are weighed using the square footage available. Direct: Lease statistics are direct (exclude subleases). Below List: Reflects the average percent difference between the original listed price and the final transaction price. Net Absorption: We calculate absorption using a 90 day period. Locations: We only allow filters for locations with at least 100 active listings. Disclaimer: All statistics on this page have been gathered from userloaded listings and userreported transactions. We have not verified accuracy and make no guarantees. By using the information provided on this page, the user acknowledges that the data may contain errors or other nonconformities. You and/or your client should diligently and independently verify the specifics of the information that you are using. Statistics courtesy of: Commercial Property Information Exchange (CPIX) Page 7 The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.
One Towne Square, Suite 1200, Southfield, Michigan 48076 Information is subject to verification and no liability for errors or omissions is assumed. Price is subject to change and listing withdrawal.
Information is subject to verification and no liability for errors or omissions is assumed. Price is subject to change and listing withdrawal.
Information is subject to verification and no liability for errors or omissions is assumed. Price is subject to change and listing withdrawal.
Office for Sale/Lease Property Name: Location: City, State: Cross Streets: 111 N. Ashley 111 N. Ashley Street Ann Arbor, MI NWC of Ashley & Huron BUILDING SIZE / AVAILABILITY Total Building Sq. Ft.: 27,112 Total Available Sq. Ft.: 21,665 Class: A Typical Floor Plate: 17,000 Min / Max Cont. Sq. Ft.: 4,555 / 21,665 No. of Floors: 2 PROPERTY INFORMATION Zoning: Mixed Exterior Construction: Precast Structural System: Steel Roof: N/A Floors / Covering: Concrete / Carpet Heating: GFA AirConditioning: Yes Ceiling Height: N/A Year Built: 2008 Parking: Parking Deck Power: 220/110 Security Systems: Yes Restrooms: Men & Women Sprinklers: Yes Signage: Yes Delivery Area: No Date Available: Immediate Current Tenants: Flagstar Bank PRICING INFORMATION Lease Rate: $22.50 G+U+J Rent/Usable: Rentable Lease Term: 35 Years Sale Price: N/A Total Taxes: Impr Allowance N/A Options: N/A Parcel #: 090929148120 Deposit: N/A Tenant Responsibility: 2012 Base Year for passthrough of increases in operating expenses. Comments: 111 N Ashley is a 212,760 sq. ft., 10story mixeduse development consisting of 10,002 sq. ft. retail space on the first floor, 17,110 sq. ft. of office space on the second floor and the remaining floors are residential condominiums. 2,000 4,555 sq. ft. of retail/office space is available for lease on the first floor and 17,110 sq. ft. of office space is available for lease on the second floor. The entire first and second floors totaling 27,112 sq. ft. are also available for lease or sale. There is public parking next to building and across Huron Street. Sale price negotiable. Broker: Signature Associates Agent(s): Garrett Keais, (248) 3590610, gkeais@signatureassociates.com Information is subject to verification and no liability for errors or omissions is assumed. Price and terms are subject to modification.