39550 Orchard Hill Place

Off-Market

39550 Orchard Hill Place, Novi, MI 48375

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  • Property Type Office - General Office
  • Property Size 91,708 SF
  • Lot Size 11 Acre
  • Parking Spaces Avail. 375
  • Parking Ratio 4.09 / 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1983

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 Jun, 2001
  • 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 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 ®

    27/100 Car-Dependent

  • Bike Score ®

    62/100 Bikeable
Powered by Walk Score ®
  • City Novi, MI
  • Neighborhood Novi
  • Zip Code 48375
  • Market Detroit

Points of Interest

  • BP

    0.31 miles

  • Speedway

    0.35 miles

  • Meijer

    0.48 miles

  • Costco Gasoline

    1.05 miles

  • Exxon

    1.76 miles

  • Mobil

    1.82 miles

  • Speedway

    1.82 miles

  • Sunoco

    1.82 miles

  • Shell

    1.87 miles

  • BP

    2.01 miles

  • MDOT Carpool Lot

    0.55 miles

  • Special Events Parking

    1.27 miles

  • Parking Lot A

    1.29 miles

  • Parking Lot B

    1.31 miles

  • Seven Mile Parking Lot

    1.54 miles

  • North Parking Lot

    1.59 miles

  • North Parking Lot

    1.64 miles

  • East Parking Lot

    1.79 miles

  • Center Parking Lot

    1.82 miles

  • South Parking Lot

    1.98 miles

  • Sheraton

    0.22 miles

  • Country Inn & Suites by Radisson, Novi, MI

    0.25 miles

  • Holiday Inn Express & Suites

    0.35 miles

  • Hampton

    0.52 miles

  • Embassy Suites by Hilton Detroit Livonia Novi

    1.24 miles

  • Knights Inn Farmington Hill

    1.81 miles

  • Holiday Inn Hotel & Suites

    1.83 miles

  • Motel 6

    1.87 miles

  • Motel 6

    1.91 miles

  • Red Roof Inn

    1.94 miles

  • On The Border

    0.29 miles

  • Benihana

    0.32 miles

  • Taco Bell

    0.34 miles

  • McDonald's

    0.38 miles

  • Chili's

    0.41 miles

  • Big Boy

    0.42 miles

  • Five Guys

    0.53 miles

  • Qdoba

    0.54 miles

  • Firehouse Subs

    0.56 miles

  • Thai Fresh

    0.60 miles

  • Village Oaks Elementary School

    1.19 miles

  • Newburgh School

    1.21 miles

  • Koby International Academy

    1.69 miles

  • Silver Springs Elementary School

    1.72 miles

  • Professional Bartenders School

    1.76 miles

  • Orchard Hills Elementary School

    1.81 miles

  • Schoolcraft College

    1.96 miles

  • CoinCoach

    1.99 miles

  • Dickinson Junior High School (former)

    2.39 miles

  • Amerman Elementary School

    2.40 miles

  • KinderCare

    2.41 miles

  • The Learning Tree Child Care Center - North

    3.53 miles

  • Childtime Learning

    3.95 miles

  • Little Hearts Learning Home - Child Care and Pre-School

    4.09 miles

  • Montessori Center of Our Lady

    4.25 miles

  • The Learning Experience

    4.42 miles

  • Tutor Time

    4.61 miles

  • Country Hills Montessori

    4.64 miles

  • KinderCare Learning Center

    4.64 miles

  • Livonia Little Tots

    4.78 miles

Frequently Asked Questions

What is the total square footage of 39550 Orchard Hill Place?

39550 Orchard Hill Place totals 91,708 square feet.

When was this property built?

39550 Orchard Hill Place was built in 1983.

When was 39550 Orchard Hill Place last sold?

39550 Orchard Hill Place was last sold on 06 Jun, 2001.

What is the market value for 39550 Orchard Hill Place?

The market value* for 39550 Orchard Hill Place in 2023 was $5,284,960.
*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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