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43800 Gen Mar

Off-Market

43800 Gen Mar, Novi, MI 48375

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 439,150 Sqft
  • Lot Size 22.32 Acre
  • Parking Spaces Avail. 210
  • Parking Ratio 0.48/ 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class A
  • Year Built 1987

Location

  • City Novi, MI
  • Neighborhood Novi
  • Zip Code 48375
  • 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 15 Aug, 2018
  • Purchase Price $18,299,000
  • Arm's Length
  • 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 (Sqft) 269,869
View more Novi market trends

Tax

  • Market Value $18,231,800
  • Assessed Value $18,231,800

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of 43800 Gen Mar?

43800 Gen Mar totals 439,150 square feet.

When was this property built?

43800 Gen Mar was built in 1987.

When was 43800 Gen Mar last sold?

43800 Gen Mar was last sold on 15 Aug, 2018.

What was the last purchase price for 43800 Gen Mar?

43800 Gen Mar was last sold for $18,299,000.

What is the market value for 43800 Gen Mar?

The market value for 43800 Gen Mar in 2021 was $18,231,800.

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