Description

4750 & 4880 Venture Drive is an office/flex/warehouse property located in Pittsfield Township, Washtenaw County, Michigan. The Property is comprised of two (2) single-story buildings totaling ± 89,200 rentable square feet situated in the State Tech Center on two (2) irregular-shaped parcels totaling 8.24 acres.

All Offers will be considered. The due date for all Offers is Monday, July 20, 2009. The lender/owner is requesting a quick close by July 30, 2009.

The 4750 address is a multi-tenant building containing five (5) units with a total of 47,200 rentable square feet. One (1) unit of 8,150 square feet is leased to Raetech Corporation, and the remaining units are vacant.

The 4880 address is a single-tenant building containing a total of 42,000 rentable square feet, and is currently vacant. The 4880 building is fully furnished with furniture.

The 4750 and 4880 Venture Drive buildings are situated within the State Tech Center office/flex park. The park is comprised of several other buildings which are not a part of this asset. The 4750 and 4880 buildings are located at the south end of the park, east of S. State Road and north of W. Morgan Road.

The Property is located in the Charter Township of Pittsfield, just a few miles south of the City of Ann Arbor' s city limits, a major metropolitan city in Michigan and best known as home of the University of Michigan' s main campus. The area is belted by three major highways: I-94, US-23, M-14 and US-12.

Pittsfield Township benefits from its close proximity to Ann Arbor, a city that is home to many industry leaders. The area' s economy is stimulated by Ann Arbor' s large number of employers, area restaurants, performance and shopping venues, including the Briarwood mall, and its emerging industries.