38500 Woodward Avenue

Off-Market

38500 Woodward Avenue, Bloomfield Hills, MI 48304

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - General Office
  • Property Size 66,000 SF
  • Lot Size 3.4 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1981

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 12 Jan, 2012
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Bloomfield Hills

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Bloomfield Hills Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2021 Avg. Asking Rent $26.11
  • 2021 Office Vacancy Rate 22.53%
  • 2021 Office Completions (SF)
View more Bloomfield Hills market trends

Location

Getting Around

  • Walk Score ®

    13/100 Car-Dependent
  • Bike Score ®

    30/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Bloomfield Hills, MI
  • Neighborhood Bloomfield Hills
  • Zip Code 48304
  • Market Detroit

Points of Interest

  • Troy

    2.65 miles

  • Pontiac

    5.49 miles

  • Royal Oak

    6.89 miles

  • Mobil

    1.10 miles

  • Mobil

    1.36 miles

  • Speedway

    1.88 miles

  • Mobil

    1.89 miles

  • Shell

    2.32 miles

  • Shell

    2.63 miles

  • Mobil

    2.64 miles

  • BP

    2.73 miles

  • Mobil

    2.74 miles

  • Shell

    2.98 miles

  • Science Center Parking Garage

    1.07 miles

  • SP Parking

    1.52 miles

  • Somerset Parking Lot

    2.35 miles

  • Car Pool Parking

    2.96 miles

  • West Campus Associate Parking

    3.82 miles

  • Visitor Parking

    3.89 miles

  • Alice Gustafson Center Parking

    3.90 miles

  • Emergency Parking

    3.91 miles

  • Radiation Oncology Center Parking

    3.95 miles

  • East Campus Associate Parking

    4.04 miles

  • The Kingsley Bloomfield Hills - a DoubleTree by Hilton

    1.15 miles

  • Holiday Inn Express Detroit-Birmingham

    1.61 miles

  • The Townsend Hotel

    1.77 miles

  • Somerset Inn

    2.57 miles

  • Courtyard by Marriott

    2.91 miles

  • Residence Inn by Marriott

    2.92 miles

  • Home2 Suites

    3.09 miles

  • Homewood Suites

    3.24 miles

  • Homewood Suites by Hilton Detroit-Troy

    3.24 miles

  • Home2 Suites by Hiton Troy

    3.40 miles

  • Kingswood Dining Hall

    0.77 miles

  • Little Daddy's

    1.13 miles

  • Joe Muer Bloomfield Hills

    1.18 miles

  • Ly Sushi

    1.21 miles

  • Bill's

    1.28 miles

  • Bruegger's Bagels

    1.30 miles

  • Salvatore Scallopini

    1.34 miles

  • Market North End

    1.41 miles

  • Fleming's Prime Steakhouse & Wine Bar

    1.56 miles

  • Mare Mediterranean

    1.59 miles

  • Brookside School

    0.66 miles

  • Academy of the Sacred Heart

    0.87 miles

  • Cranbrook Kingswood Middle School for Girls

    1.00 miles

  • Cranbrook Academy of Art

    1.04 miles

  • Cranbrook Educational Community

    1.07 miles

  • Harlan Elementary School

    1.10 miles

  • Birmingham Covington School

    1.15 miles

  • Quarton Elementary School

    1.19 miles

  • Cranbrook Upper School

    1.20 miles

  • Gordon Hall of Science

    1.24 miles

  • Bloomin' Kids Preschool at Conant

    3.08 miles

  • The Learning Experience - Troy

    3.76 miles

  • The Learning Center

    3.76 miles

  • Bright Horizons at St. Joseph Mercy Hospital Oakland

    3.86 miles

  • Gateway Country Day & Child Care Center

    5.16 miles

  • West Bloomfield KinderCare

    5.91 miles

  • Harmony Montessori Center

    6.20 miles

  • Boys & Girls Club of Troy

    6.22 miles

  • Green Garden Child Development Center

    6.30 miles

  • Stepping Out On Faith Learning Center & Childcare

    6.41 miles

Frequently Asked Questions

What is the total square footage of 38500 Woodward Avenue?

38500 Woodward Avenue totals 66,000 square feet.

When was this property built?

38500 Woodward Avenue was built in 1981.

When was 38500 Woodward Avenue last sold?

38500 Woodward Avenue was last sold on 12 Jan, 2012.

What is the market value for 38500 Woodward Avenue?

The market value* for 38500 Woodward Avenue in 2022 was $4,821,500.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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