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Bloomfield Business Center

Off-Market

2285 Franklin Road, Bloomfield Hills, MI 48302

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  • Property Type Office - General Office
  • Property Size 96,000 Sqft
  • Lot Size 5.48 Acre
  • Parking Spaces Avail. 384
  • Parking Ratio 4.00/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1988

Location

  • City Bloomfield Hills, MI
  • Neighborhood Bloomfield
  • Zip Code 48302
  • Market Detroit

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

  • Arm's Length
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination 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.

  • 2020 Avg. Asking Rent $26.37
  • 2020 Office Vacancy Rate 17.83 %
  • 2020 Office Completions (Sqft)
View more Bloomfield Hills market trends

Tax

  • Property Tax in 2021 $121,042
  • Market Value $4,858,460
  • Assessed Value $4,858,460

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of Bloomfield Business Center?

Bloomfield Business Center totals 96,000 square feet.

When was this property built?

Bloomfield Business Center was built in 1988.

What is the property tax for Bloomfield Business Center?

The property tax for Bloomfield Business Center in 2021 was $121,042.

What is the market value for Bloomfield Business Center?

The market value for Bloomfield Business Center in 2021 was $4,858,460.

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