37595 7 Mile Road, Livonia, MI

Property Type Office - Medical Office
Property Size 88,492 SF
Lot Size 17.16 Acre
Parking Spaces Avail. 284
Parking Ratio 3.21/ 1,000 SF
Property Tenancy Multi-Tenant
Building Class B
Year Built 1985

Location

Map
Street

City Livonia, MI
Neighborhood Livonia Hill - Caliburn
Zip Code 48152
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 30 Aug, 2019
Purchase Price
Arm's Length True
Buyer Name

Market Trends

Average Actual Rents in Livonia

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

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Occupancy & Leasing Activity

Occupancy

83.5%

Lease Spread

-20.5%

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Asking Rents in Livonia Office Market

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

2020 Avg. Asking Rent $20.33
2020 Office Vacancy Rate 19.58%
2020 Office Completions (SF)

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Tax

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Frequently Asked Questions

What is the total square footage of 37595 7 Mile Road?

37595 7 Mile Road totals 88,492 square feet.

When was this property built?

37595 7 Mile Road was built in 1985.

When was 37595 7 Mile Road last sold?

37595 7 Mile Road was last sold on 30 Aug, 2019.

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37595 7 Mile Road, Livonia, MI 48152 - Office Space

37595 7 Mile Road is located at 37595 7 Mile Road in the Livonia Hill - Caliburn neighborhood, MI, Livonia, 48152. The Class B Office building was completed in 1985 and features a total of 88,492 SF.

There are 95 office spaces for lease in the Livonia Hill - Caliburn neighborhood, totaling 666,120 SF of available office space. The office space availability for the 48152 zip code is 792,750 SF, in 109 office spaces. The average asking office rent per SF in Livonia Hill - Caliburn is $18.69/SF/YR. For Class A office buildings the average office rate is $19.05/SF/YR, for Class B office buildings the average office rate is $18.39/SF/YR.

In Livonia Hill - Caliburn, there are 18 class B office buildings. In Livonia Hill - Caliburn, there are a total of 1 LEED certified office buildings. In 1985, the same year 37595 7 Mile Road was built, 68 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Livonia, featuring 458,016 square feet of commercial space. At zip code level, there are 29 commercial properties, of which 27 are office buildings over 50,000 square feet.

37595 7 Mile Road