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Inglewood Park 5950 S State Rd
1,200 - 25,200 SF of Space Available in Ann Arbor, MI 48108
Highlights
- Growing area
- Close to University of Michigan
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,200-12,600 SF | Negotiable | $25.00 /SF/YR $2.08 /SF/MO $269.10 /m²/YR $22.42 /m²/MO $26,250 /MO $315,000 /YR | TBD | ||
| 1st Floor | 1,200-12,600 SF | Negotiable | $25.00 /SF/YR $2.08 /SF/MO $269.10 /m²/YR $22.42 /m²/MO $26,250 /MO $315,000 /YR | TBD |
5950 S State Rd - 1st Floor
• The first 2 buildings in the Inglewood Park commercial development are now available for lease. • The project is located on the northwest corner of State Street & Textile Road, in front of the Master Planned Inglewood Park PUD and will ultimately include 5 commercial buildings totaling in 31,500 SF with 191 parking spaces. • Phase I of Inglewood Park is complete and consists of 106 single-family homes and 86 attached condominium units. Phase II (Inglewood West) is slated for 106 townhomes and 76 duplex homes and a 100,000 SF Business District building (i.e. life-science user). Construction is scheduled to begin in 2022. • East Textile Road has been paved, allowing busy commuters to utilize Textile Road as a direct route to south State Street from the US-23 & Michigan Avenue interchange. • Inglewood Park is 2.5 miles south of I-94, 2.5 miles west of US-23 and 5 miles south of the University of Michigan campus. The project is surrounded by multiple new commercial and residential developments and a growing daytime population.
- Space is an outparcel at this property
- Space is in Excellent Condition
5960 S State Rd - 1st Floor
• The first 2 buildings in the Inglewood Park commercial development are now available for lease. • The project is located on the northwest corner of State Street & Textile Road, in front of the Master Planned Inglewood Park PUD and will ultimately include 5 commercial buildings totaling in 31,500 SF with 191 parking spaces. • Phase I of Inglewood Park is complete and consists of 106 single-family homes and 86 attached condominium units. Phase II (Inglewood West) is slated for 106 townhomes and 76 duplex homes and a 100,000 SF Business District building (i.e. life-science user). Construction is scheduled to begin in 2022. • East Textile Road has been paved, allowing busy commuters to utilize Textile Road as a direct route to south State Street from the US-23 & Michigan Avenue interchange. • Inglewood Park is 2.5 miles south of I-94, 2.5 miles west of US-23 and 5 miles south of the University of Michigan campus. The project is surrounded by multiple new commercial and residential developments and a growing daytime population.
- Space is an outparcel at this property
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 5950 S State Rd , Ann Arbor, MI 48108
| Min. Divisible | 1,200 SF | Frontage | State Street |
| Center Type | Neighborhood Center | Gross Leasable Area | 37,800 SF |
| Parking | 41 Spaces | Total Land Area | 6.24 AC |
| Stores | 2 | Year Built | 2021 |
| Center Properties | 2 |
| Min. Divisible | 1,200 SF |
| Center Type | Neighborhood Center |
| Parking | 41 Spaces |
| Stores | 2 |
| Center Properties | 2 |
| Frontage | State Street |
| Gross Leasable Area | 37,800 SF |
| Total Land Area | 6.24 AC |
| Year Built | 2021 |
About the Property
Commercial development for Inglewood Park
-
Ron Goldstone -
Brandon Ben-Ezra -
NAI Farbman
Presented by
Inglewood Park | 5950 S State Rd
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