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37101 Corporate Drive

Off-Market

37101 Corporate Drive, Farmington Hills, MI 48331

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  • Property Type Office - General Office
  • Property Size 128,829 SF
  • Lot Size 22.65 Acre
  • Parking Spaces Avail. 368
  • Parking Ratio 2.86/ 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class A
  • Year Built 2001

Location

  • City Farmington Hills, MI
  • Neighborhood Farmington Hills
  • Zip Code 48331
  • Market Detroit

Contacts

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Owner

  • True 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 08 Jan, 2015
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Farmington 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 Farmington Hills Office Market

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

  • 2020 Avg. Asking Rent $22.82
  • 2020 Office Vacancy Rate 15.28%
  • 2020 Office Completions (SF)
View more Farmington Hills market trends

Tax

  • Market Value* $10,578,420
  • Assessed Value $10,578,420

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

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 37101 Corporate Drive?

37101 Corporate Drive totals 128,829 square feet.

When was this property built?

37101 Corporate Drive was built in 2001.

When was 37101 Corporate Drive last sold?

37101 Corporate Drive was last sold on 08 Jan, 2015.

What is the market value for 37101 Corporate Drive?

The market value* for 37101 Corporate Drive in 2021 was $10,578,420.
*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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