265 s. harris road - airport building b - loopnet

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Listing ID: 29895124Status: ActiveProperty Type: Industrial For LeaseIndustrial Type: Flex Space, Mixed UseContiguous Space: 3,000 - 10,000 SFTotal Available: 3,000 SFLease Rate: $8 PSF (Annual)Base Monthly Rent: $2,000 - 6,666Lease Type: Modified GrossLoading: 1 Dock, 1 DoorCeiling: 15 - 18 ft.Office SF: 3,000 SFDrive-In Bays: 1 Bay

Overview/CommentsOverview/CommentsSuite is offered for lease as a 3,000 sq. ft. of office space, build to suit. Theproperty has a 5' high chain link fence around the perimeter. The location isin close proximity to I-93, Michigan Ave and US 23.Willow Run airport is

General InformationGeneral InformationTaxing Authority: Ypsilanti TownshipTax ID/APN: 2223-35-105-009Industrial Type: Flex Space, Mixed Use, Light Industrial, Self

Storage, Truck Terminal, Warehouse/Distribution,Other

Zoning: B1, OS1 + SPECIALCLASS A PERMIT FORINDUSTRIAL USE

Building Name: 265 S. Harris-Airport Building # BGross Building Area: 25,700 SFBuilding/Unit Size (RSF): 10,000 SFCore Factor: 5%Land Area: 1.40 - 1.30 Acres

Available SpaceAvailable SpaceSuite/Unit Number: 265 Harris - Airport Building # BSuite Floor/Level: 1Space Available: 3,000 SFMinimum Divisible: 3,000 SFMaximum Contiguous: 10,000 SFSpace Subcategory 1: Industrial-Business ParkSpace Subcategory 2: Warehouse/DistributionSpace Type: ReletDate Available: 01/04/2016Lease Term (Months): 60 MonthsLease Rate: $8 PSF (Annual)

Lease Type: Modified GrossRent Escalators: Fixed LeaseOffices: 1Office SF: 3,000 SFParking Spaces: 53Loading Docks: 1Loading Doors: 1Drive In Bays: 1Ceiling Height: 18Clear Height: 15

Space Description This 3,000 sq. ft. of build to suit office space is adjacent to an additional 5,000 sq. ft. of warehouse that can be leased for a total of 8,000 sq. ft. for$6.75 / SF rent +$1.22 / SF NNN plus utilities or that is available separately. The 5,000 sq. ft. ware house has 15' clear ceilings. 10' overhead door, no columns andloading dock access, access to common area bathrooms and a fenced yard that can accommodate tractor trailers.

Area & LocationArea & LocationProperty Located Between: On the east side of Harris Road, north of Ecorse

Road.Airports: Willow Run Airport - 4.6 miles

265 S. Harris Road - Airport Building "B"265 S. Harris Road - Airport Building "B"265 S Harris Road, Ypsilanti, MI 48198

Prepared by Joe Arnold, Global Realty Group, LLCOct 31, 2018 on CPIX

248-880-9084 [M] 800-830-7011 [O] [email protected] Real Estate License: 374507

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Highway Access This building is located on a 1.4 acre fenced site with 2 other buildings. The Building is 10,000 sq. ft. of space . Overhead door clearance is 10'. Potentialfor additional office and/or warehouse space in adjacent buildings. The property has a 5' high chain link fence around the perimeter.

Building RelatedBuilding RelatedTotal Number of Buildings: 3Number of Stories: 1Office Space SF: 3,000 SFProperty Condition: GoodYear Built: 1970Year Renovated: 2017Roof Type: FlatConstruction/Siding: Aluminum Siding, BlockExterior Description: Exterior is freshly painting concrete block and

aluminum siding .Parking Ratio: 2.1 (per 1000 SF)Parking Type: SurfaceParking Description: 21,600 sq. ft. parking lot. Space to park 53

vehicles

Total Parking Spaces: 53Column Spacing: No columnsPassenger Elevators: 0Freight Elevators: 0Sprinklers: NoneAmps: 400Volts: 240X-Phase: 3Heat Type: Natural GasHeat Source: Central, Ceiling UnitsAir Conditioning: Package UnitLighting: Fluorescent

Land RelatedLand RelatedLot Frontage: 97'Lot Depth: 394

Water Service: MunicipalSewer Type: Municipal

Zoning Description 1, OS1, with additional use provisions approved by township for warehouse, truck terminal, moving company, trailer/truck rental and storeage

LocationLocationAddress: 265 S Harris Road, Ypsilanti, MI 48198County: Washtenaw

MSA: Ann ArborSubmarket: Washtenaw E of 23



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Property ImagesProperty Images

Bldg 2- Warehouse 3-10 entrance door and dock area

DSC02860

DSC02858

20171023_135053

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GLOBAL COMMERCIAL REALTY, INC

265 S. HARRIS ROAD – MARKET COMPARISON

The list below, as of 7-1-18, details Industrial properties, from 3,000 to 7,000 sq. ft. comparing

rent rates within a 10 mile radius of 265 s. Harris Road.

The building has a new roof and has been completely painted inside and outside. Parking lot

was recently repaved.

Date Mar 2000Sale Type Owner/User

RBA 10,500 SFStories 1Typical Floor 10,500 SFClass C

Year Built 1994Tenancy MultiOwner Occup No

Docks 1 extDrive Ins 1 tot./10'w x 7'9"hCross Docks NoneLevelators NoneConstruction MasonryBuilding Ht 14'Truck Wells 1

Ceiling Ht 10'Columns NoneElevators NoneSprinklers NoneRail Spots NoneCranes None

Land Acres 1.37 ACBldg FAR 0.18

Land SF 59,677 SFDimensions 100' x 374'

Bus Line Fenced Lot

Type 2 Star Industrial Warehouse

Power 550a/240v 3p

Utilities Gas - Natural, Heating, Lighting - Fluorescent, Sewer, Water

Parking 30 free Surface Spaces are available; Ratio of 2.86/1,000 SF

Taxes $0.20/SF (2012)

Walk Score® Car-Dependent (47)Transit Score® Some Transit (30)

Zoning B1Parcel 11-11-271-004

Name SF OccupiedNAPA Auto Parts 5,500 SF

Smallest Space 5,500 SFMax Contiguous 10,500 SF# of Spaces 1

Industrial Avail 10,500 SF

Marketing Brochure/Flyer

Vacant 10,500 SF% Leased 0%Asking Rent $5.49/SF Triple NetCAM None

Floor SF Available Use RentE 1st 5,500 - 10,500 SF Industrial $5.49/NNN

Sign Date SF Leased Use Rent Rent TypeMar 2012 4,551 SF Industrial $2.50/MG Asking

Recorded Owner Web Enterprise Properties, LLCPrimary Leasing GLOBAL Realty Group, LLC

Property

265 S Harris Rd - Airport Building BYpsilanti, MI 48198 - Washtenaw E of 23 Ind Submarket10,500 SF Available for lease with Avg Asking Rent of $5.49/sf/yr10,500 SF Class C Industrial Warehouse Building Built in 1994

Sale

Building

Land

Tenants

Features

For Lease

Space

Leasing Activity

Market Conditions CurrentVacancy Rates

Current Building 100% 0.0%Submarket 1-3 Star 0.5% 0.1%Market Overall 2.3% 0.3%

Asking Rents Per SFCurrent Building $5.49 13.9%Submarket 1-3 Star $7.04 6.1%Market Overall $6.80 14.5%

Submarket Leasing Activity12 Mo. Leased SF 648,320 574.1%Months on Market 2.6 23.6 mo

Submarket Sales Activity Current Prev Year 12 Mo. Sales Volume (Mil.) $1.4 $24.912 Mo. Price Per SF $29 $44

Property Contacts

Documents

Airport Drive Distance

Detroit Metropolitan Airport 18 min 16.2 mi

4.5% 3.6%4.6% 3.8%

Made with TrafficMetrix® Products

1 Mi 3 MiPopulation 12,021 66,559Households 4,873 27,087Average Age 36.60 34.90Median HH Income $41,495 $41,799Daytime Employees 3,264 20,501

Population Growth '17-'22Household Growth '17-'22

Collection Street Cross Street Traffic Vol Year DistanceCrestwood Ave S Harris Rd E 835 2016 0.06 miDuncan Ave S Harris Rd E 475 2016 0.08 miS Harris Rd Duncan Ave N 3,729 2014 0.09 miS Ford Blvd Russell St N 9,770 2015 0.11 miS Ford Blvd Parkwood Ave S 8,822 2016 0.12 mi

Zip 48198Submarket Washtenaw E of 23 IndSubmarket Cluster Washtenaw IndMarket DetroitCounty WashtenawState MichiganCBSA Ann Arbor, MIDMA Detroit, MI

Property ID: 7916892

Building NotesProperty Located Between: West of Ford Blvd, North of of Ecorse Road Highway Access: I-94 west - 1.0 miles, I-94 east 2.6 miles, US-12 East - 0.8 miles, US-12 West - 1.1 miles Airports: Willow Run Airport - 4.6 miles

Site Description: This building is located on 1.4 acres site with 2 other buildings. The Building is 10.700 sq. ft. of clear space with no columns. Potential for additional office and/or warehouse space in adjacent buildings. The property has a 6' high chain link fence around the perimeter.

Interior Description The building has two lavatories, a 12' x 12' office, a 8' x 15' office or break room and a 8' x 6' storage room. The ceiling height to the bottom of the truss is 10' clear. The building has a 10 x 10' overhead door with grade level entry and loading dock access. Additional Office space and Warehouse space is available in the adjacent buildings.

Public Transportation

Demographics

Traffic

Location

Interior Washtenaw E of 23 Industrial Submarket Map

Washtenaw Industrial Market Map Detroit Industrial Submarket Overview Map

Detroit Industrial Market Overview Map

Joe Arnold Global Realty Group, LLC

Professional Profile

Agent/Broker – Working in Commercial Real Estate Since 1992

Joe Arnold, CCIM candidate and member of the Commercial Board of Realtors (CBOR), has

joined the Global Realty Group team as a licensed real estate agent with a focus as a Business

Sales Broker and the leasing and sale of industrial, hi-tech, and office facilities in Southeastern

Michigan.

Joe holds an MBA degree from Michigan State University with a concentration in Marketing,

Finance and Accounting and also has a BS degree in law from Eastern Michigan University.

Throughout his career, Joe has been responsible for the acquisition, disposition and leasing of

office, hi-tech and industrial properties. Joe has over 20 years of experience in

Property Management as a landlord and building owner and has managed numerous

commercial build-out and renovation projects. He has provided consulting services, landlord and

tenant representation services, and buyer – seller representation as well as having

experience in commercial and industrial sales. Joe is also a Licensed Builder with

experience building residential homes and commercial build out / renovation projects for hi-

tech data centers, hospital labs and industrial process control projects.

In addition to Joe’s real estate related experience, Joe brings over 35 years of electrical and mechanical engineering, construction and marketing

experience to the table as the President of Computer Environments in Livonia, MI. He has specialized in TURN-KEY, design-build

infrastructure solutions for mission critical applications with projects ranging from Computer Rooms to Hospital Laboratories to Industrial Process

Control applications. Joe has implemented design criteria to insure the highest levels of uptime for Hi-Tech Commercial Real Estate applications

involving microprocessor controlled devices. He has also received a patent as the inventor of a hybrid electrical panel board that mitigates electrical

power disturbances and has been a featured guest speaker at numerous trade shows and seminars throughout the United States and internationally.

Joe has over 20 years of involvement with the Boy Scouts of America as a member and adult leader and is a member of the Knights of Columbus.

He is an avid whitewater kayaker, archer and bow hunter, has a lifelong passion for music. His hobby is photography.

Joe raised 5 children in Northville, Michigan and currently resides in Ann Arbor.

Expertise Specializations: Property Types: Brokerage: Business Sales Industrial Commercial Investment Office

Build-To-Suit Retail Leasing

Global Realty Group, LLC

P.O. Box 51817

34151 Schoolcraft Road Livonia, MI , 48151

(800)830-7011 - Office [email protected]

Education - Credentials

B.S.

Eastern Michigan University 1974

Law, Marketing, Finance & Accounting

Masters - MBA

Michigan State University, 1976

Marketing, Finance & Accounting

Associations

Member – Commercial Board of Realtors

Michigan Association of Realtors

National Association of Realtors

Candidate – Certified Commercial Investment

Member (CCIM)

Services Offered

CoStar MLS

CPIX MLS

Loopnet MLS

Realcomp MLS

RPR (Realtors Property Resource – MLS

Property Development

Tenant Buildout

Property Management

Achievements

Licenses:

Michigan Real Estate License: 374507

Builders License: 127544

U.S. Patent & Trademark Office

Developed advancement in power quality protection equipment.

Awarded US Patent 7,633,772 B2.

Guest Speaker Numerous appearances internationally as a guest speaker on power

quality and protecting mission critical facility equipment for

numerous associations, conferences and companies including;

Society of Hospital Engineers, Wisconsin Public Power, Great

Lakes Broadcasting Association, Bio-Med Tech Association

Data Processing Manager’s Association, Plant Engineering

Conference, Power Quality Expo Conference, Information

Technology Expo Conference & many Consulting Eng. firms.