Drake Pointe

Off-Market

35055 West 12 Mile Road, Farmington Hills, MI 48331

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  • Property Type Office - General Office
  • Property Size 68,120 SF
  • Lot Size 3 Acre
  • Parking Spaces Avail. 197
  • Parking Ratio 2.90 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1984

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 25 Mar, 2021
  • 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 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.

  • 2022 Avg. Asking Rent $21.46
  • 2022 Office Vacancy Rate 22.26%
  • 2022 Office Completions (SF)
View more Farmington Hills market trends

Location

Getting Around

  • Walk Score ®

    9/100 Car-Dependent
  • Bike Score ®

    25/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Farmington Hills, MI
  • Neighborhood Farmington Hills
  • Zip Code 48331
  • Market Detroit

Points of Interest

  • Mobil

    0.97 miles

  • Speedway

    1.08 miles

  • Shell

    1.08 miles

  • Kroger

    1.13 miles

  • Marathon

    1.91 miles

  • BP

    1.96 miles

  • Mobil

    1.98 miles

  • BP

    2.07 miles

  • Mobil

    2.20 miles

  • BP

    2.22 miles

  • Lot 8

    1.13 miles

  • Lot 7

    1.16 miles

  • Lot 9

    1.17 miles

  • Lot 6

    1.21 miles

  • Lot 5

    1.45 miles

  • Lot 4

    1.49 miles

  • Lot 3

    1.54 miles

  • Lot 2

    1.58 miles

  • Lot 1C

    1.65 miles

  • Lot 1B

    1.67 miles

  • Residence Inn by Marriott Detroit Farmington Hills

    1.02 miles

  • Courtyard by Marriott

    1.14 miles

  • Hawthorn Suites

    1.14 miles

  • Radisson Hotel Detroit-Farmington Hills

    1.84 miles

  • Comfort Inn

    2.07 miles

  • Fairfield Inn

    2.11 miles

  • Extended Stay America

    2.14 miles

  • Holiday Inn Express & Suites

    2.20 miles

  • Red Roof Inn

    2.26 miles

  • Motel 6

    2.34 miles

  • Little Caesars

    0.98 miles

  • Dairy Queen

    0.98 miles

  • La Kabob Lebanese Grill

    1.01 miles

  • Leo's Coney Island

    1.04 miles

  • Jersey Mike's Subs

    1.04 miles

  • Qdoba

    1.04 miles

  • McDonald's

    1.11 miles

  • Panera Bread

    1.14 miles

  • 2Booli

    1.21 miles

  • Subway

    1.22 miles

  • Great Beginnings Daycare

    0.34 miles

  • Wayne State University Oakland Center

    0.72 miles

  • Hillside Elementary School

    1.27 miles

  • Farmington STEAM Academy

    1.27 miles

  • Oakland Community College at Orchard Ridge

    1.45 miles

  • St. Fabian Catholic School

    1.58 miles

  • North Farmington High School

    1.60 miles

  • Forest Elementary School

    1.66 miles

  • Kenbrook Elementary School

    1.76 miles

  • Maria Montessori Center

    1.79 miles

  • Childtime Learning

    0.73 miles

  • Minto's Casa

    1.02 miles

  • KinderCare Learning Center

    1.43 miles

  • Country Hills Montessori

    2.62 miles

  • Tutor Time

    2.65 miles

  • The Learning Experience

    3.08 miles

  • KinderCare

    3.21 miles

  • Everbrook Academy of West Bloomfield

    3.27 miles

  • West Bloomfield KinderCare

    4.25 miles

  • The Learning Tree Child Care Center - North

    5.55 miles

Frequently Asked Questions

What is the total square footage of Drake Pointe?

Drake Pointe totals 68,120 square feet.

When was this property built?

Drake Pointe was built in 1984.

When was Drake Pointe last sold?

Drake Pointe was last sold on 25 Mar, 2021.

What is the market value for Drake Pointe?

The market value* for Drake Pointe in 2023 was $6,763,860.
*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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