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25250 Regency Drive

Off-Market

25250 Regency Drive, Novi, MI 48375

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 125,060 SF
  • Lot Size 8.39 Acre
  • Parking Spaces Avail. 43
  • Parking Ratio 0.35/ 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class A
  • Year Built 2014

Location

  • Walk Score ® Car-Dependent (23)
  • Bike Score ® Bikeable (51)
Powered by Walk Score ®
  • City Novi, MI
  • Neighborhood Novi
  • Zip Code 48375
  • Market Detroit

Points of Interest

Shell

0.41 miles

Mobil

0.43 miles

Exxon

0.95 miles

Sunoco

0.97 miles

BP

1.25 miles

Shell

1.31 miles

BP

1.33 miles

Speedway

1.72 miles

Kroger

1.74 miles

Shell

1.77 miles

North Parking Lot

1.83 miles

MDOT Carpool Lot

2.77 miles

Lakeshore Park Skills Area Parking Lot

2.90 miles

Parking Lot A

2.97 miles

Parking Lot B

3.01 miles

Special Events Parking

3.04 miles

Public Parking

3.21 miles

Public Parking

3.22 miles

Public Parking

3.31 miles

Lot 8

3.34 miles

Arby's

0.37 miles

Big Tommy’s Parthenon

0.40 miles

Burger King

0.40 miles

Phở Lucky

0.41 miles

Alfoccino

0.48 miles

Recipes

0.51 miles

El Patio

0.51 miles

Dunkin' Donuts

0.68 miles

McDonald's

0.85 miles

Taco Bell

0.89 miles

India Grocers

0.52 miles

Vani Food

0.87 miles

Kushi Grocers

1.17 miles

India Grocers

1.17 miles

Busch's

1.21 miles

Mirai

1.50 miles

One World Market

1.50 miles

Better Health Market

1.58 miles

Walmart Supercenter

1.72 miles

TJ Maxx

1.73 miles

Northwest Orthotics and Prosthetics

0.26 miles

Novi Footcare

0.67 miles

PrimeCare of Novi

0.67 miles

PrimeCare Urgent Care of Novi

0.68 miles

Novi Drug

1.15 miles

Rite Aid

1.19 miles

Henry Ford Medical Center

1.44 miles

Concerta Urgent Care

1.60 miles

Novi Fire Department

1.65 miles

CVS Pharmacy

1.74 miles

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 06 Aug, 2015
  • 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.

  • 2020 Avg. Asking Rent $23.25
  • 2020 Office Vacancy Rate 14.25%
  • 2020 Office Completions (SF) 269,869
View more Novi market trends

Tax

  • Market Value* $6,992,300
  • Assessed Value $6,992,300

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 25250 Regency Drive?

25250 Regency Drive totals 125,060 square feet.

When was this property built?

25250 Regency Drive was built in 2014.

When was 25250 Regency Drive last sold?

25250 Regency Drive was last sold on 06 Aug, 2015.

What is the market value for 25250 Regency Drive?

The market value* for 25250 Regency Drive in 2021 was $6,992,300.
*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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