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Paradise Valley - Randolph Centre Building

Off-Market

1435 Randolph Street, Detroit, MI 48226

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  • Property Type Office - General Office
  • Property Size 36,000 Sqft
  • Lot Size 0.36 Acre
  • Parking Spaces Avail. 28
  • Parking Ratio 0.80/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1898

Location

  • City Detroit, MI
  • Neighborhood Downtown Detroit
  • Zip Code 48226
  • Market Detroit

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 22 Oct, 2019
  • Arm's Length
  • Buyer Name

Mortgages

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

Market Trends

Average Actual Rents in Detroit

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 Detroit Office Market

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

  • 2020 Avg. Asking Rent $28.65
  • 2020 Office Vacancy Rate 16.80 %
  • 2020 Office Completions (Sqft) 63,500
View more Detroit market trends

Tax

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Frequently Asked Questions

What is the total square footage of Paradise Valley - Randolph Centre Building?

Paradise Valley - Randolph Centre Building totals 36,000 square feet.

When was this property built?

Paradise Valley - Randolph Centre Building was built in 1898.

When was Paradise Valley - Randolph Centre Building last sold?

Paradise Valley - Randolph Centre Building was last sold on 22 Oct, 2019.

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Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.