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38345 West 10 Mile Road

Off-Market

38345 West 10 Mile Road, Farmington Hills, MI 48335

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  • Property Type Office - General Office
  • Property Size 44,934 Sqft
  • Lot Size 1 Acre
  • Parking Spaces Avail. 67
  • Parking Ratio 1.50/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1986

Location

  • City Farmington Hills, MI
  • Neighborhood Farmington Hills
  • Zip Code 48335
  • Market Detroit

Contacts

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Owner

  • True Owner

Brokers

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Documents

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Sales

  • Purchase Date 06 Sep, 2019
  • Purchase Price $1,339,000
  • Arm's Length
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date

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 (Sqft)
View more Farmington Hills market trends

Tax

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Frequently Asked Questions

What is the total square footage of 38345 West 10 Mile Road?

38345 West 10 Mile Road totals 44,934 square feet.

When was this property built?

38345 West 10 Mile Road was built in 1986.

When was 38345 West 10 Mile Road last sold?

38345 West 10 Mile Road was last sold on 06 Sep, 2019.

What was the last purchase price for 38345 West 10 Mile Road?

38345 West 10 Mile Road was last sold for $1,339,000.

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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.