Offering Memorandum
Investment Sale
Washtenaw Shoppes
3360-3378 Washtenaw Ave
Ann Arbor, Michigan
Ann Arbor, Michigan
eCode:049i
Sales Price
$2,726,526
NOI
$181,314
Cap Rate
6.65%
Building Size
9,275 SF
Lot Size
0.62 AC
Year Built
1995
Zoning
C-3, Commercial
Tenant Roster
- Mimi’s Bridal Boutique
- Salon 220
- Club Pilates
- Ann arbor Stamps & Coins
- Quality Alterations
- Meemic Insurance
- Natural Nails
Traffic Count
Washtenaw Ave (29,383 CPD)
S Huron Pkwy (13,233 CPD)
US-23 (74,720 CPD)
Highlights
- Strong Historical Occupancy/Long Term Tenancy
- Exceptional Location/University of Michigan Campus
- Ann Arbor’s Premier Retail Corridor
- No Deferred Maintenance
- Below Market Rents
- Highly Desirable Demographics
| Radius | 1 Mile | 3 Mile | 5 Mile |
| Population Density | 7,004 | 86,324 | 193,942 |
| Household Income | $160,482 | $118,423 | $123,409 |
| Daytime Pop | 4,591 | 52,800 | 109,053 |
