22925 Venture Drive

Off-Market

22925 Venture Drive, Novi, MI 48375

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Industrial - Warehouse/Distribution
  • Property Size 120,800 SF
  • Lot Size 12 Acre
  • Parking Spaces Avail. 155
  • Parking Ratio 1.29 / 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class A
  • Year Built 1997

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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Brokers

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Documents

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Sales

  • Purchase Date 14 Dec, 2006
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Novi

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 Novi Office Market

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

  • 2022 Avg. Asking Rent $29.74
  • 2022 Office Vacancy Rate 16.74%
  • 2022 Office Completions (SF)
View more Novi market trends

Location

Getting Around

  • Walk Score ®

    3/100 Car-Dependent
  • Bike Score ®

    41/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Novi, MI
  • Neighborhood Novi
  • Zip Code 48375
  • Market Detroit

Points of Interest

  • Marathon

    0.77 miles

  • Speedway

    0.78 miles

  • Mobil

    1.62 miles

  • Mobil

    1.67 miles

  • Sunoco

    1.68 miles

  • Shell

    1.75 miles

  • BP

    1.90 miles

  • Speedway

    1.93 miles

  • Meijer

    1.98 miles

  • Mobil

    2.09 miles

  • MDOT Carpool Lot

    1.99 miles

  • North Parking Lot

    2.83 miles

  • Special Events Parking

    2.85 miles

  • Parking Lot A

    2.86 miles

  • Parking Lot B

    2.89 miles

  • Seven Mile Parking Lot

    2.96 miles

  • North Parking Lot

    3.00 miles

  • North Parking Lot

    3.09 miles

  • Center Parking Lot

    3.19 miles

  • Lakeshore Park Skills Area Parking Lot

    3.19 miles

  • Shiro

    0.57 miles

  • Cottage Inn Pizza

    0.64 miles

  • Ah Wok

    0.64 miles

  • Little Caesars

    0.66 miles

  • Happy Sushi

    0.76 miles

  • Subway

    0.76 miles

  • Domino's

    0.77 miles

  • Honey Tree

    0.80 miles

  • Penn Station

    0.80 miles

  • Benito's Pizza

    0.81 miles

  • Busch's

    0.68 miles

  • One World Market

    1.35 miles

  • Mirai

    1.36 miles

  • Better Health Market

    1.36 miles

  • Walmart Supercenter

    1.65 miles

  • India Grocers

    1.72 miles

  • TJ Maxx

    1.73 miles

  • Kroger

    1.93 miles

  • Vani Food

    2.08 miles

  • JCPenney

    2.22 miles

  • Novi Drug

    0.69 miles

  • Walgreens

    0.71 miles

  • Rite Aid

    0.71 miles

  • CVS

    0.76 miles

  • City of Novi Lee C. Begole Police Headquarters

    1.17 miles

  • Concerta Urgent Care

    1.36 miles

  • Novi Fire Department

    1.43 miles

  • PrimeCare Urgent Care of Novi

    1.44 miles

  • PrimeCare of Novi

    1.45 miles

  • Novi Footcare

    1.46 miles

Frequently Asked Questions

What is the total square footage of 22925 Venture Drive?

22925 Venture Drive totals 120,800 square feet.

When was this property built?

22925 Venture Drive was built in 1997.

When was 22925 Venture Drive last sold?

22925 Venture Drive was last sold on 14 Dec, 2006.

What is the market value for 22925 Venture Drive?

The market value* for 22925 Venture Drive in 2023 was $7,992,680.

*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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