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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 SF
  • 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

  • Walk Score ® Car-Dependent (4)
  • Bike Score ® Somewhat Bikeable (28)
Powered by Walk Score ®
  • City Novi, MI
  • Neighborhood Novi
  • Zip Code 48375
  • Market Detroit

Points of Interest

Speedway

3.42 miles

Wow!

4.10 miles

2 stations

5.33 miles

Shell

6.55 miles

Mobil

7.72 miles

Marathon

7.72 miles

Way Station

7.88 miles

Citgo

7.92 miles

Mobil

8.24 miles

eVgo

8.46 miles

MDOT Public Carpool Parking

2.12 miles

MTB Tralhead Parking

2.34 miles

East Parking Lot

4.73 miles

Lot 8

5.38 miles

Lot 5

5.73 miles

Lot 2

5.86 miles

Trailhead

7.52 miles

School Parking

9.07 miles

school parking

9.21 miles

Kensington Milford Trail Parking

9.97 miles

Steve & Rocky's

0.47 miles

bd's Mongolian Grill

0.47 miles

Red Robin

0.66 miles

Suki Hana

1.09 miles

Lifestyle Cafés

1.11 miles

Auntie Anne's

1.13 miles

Bangkok 18

2.11 miles

Big Boy

3.44 miles

House of Lee

4.58 miles

Asian Buffet

5.72 miles

Mirai

0.61 miles

West Oaks I

0.90 miles

Sears Outlet

0.94 miles

Twelve Mile Crossing at Fountain Walk

0.97 miles

Macy's

1.05 miles

JCPenney

1.05 miles

West Oaks II

1.16 miles

Sears

1.16 miles

Kohl's

1.18 miles

Marshalls

1.19 miles

Concerta Urgent Care

0.51 miles

Walgreens

0.84 miles

City of Novi Lee C. Begole Police Headquarters

0.94 miles

Providence Park Hospital

2.21 miles

Henry Ford Medical Center

2.55 miles

Novi Fire Station #4

2.93 miles

Northville Fire Station

3.25 miles

Northville Police Station

3.25 miles

CVS Pharmacy

3.32 miles

Michigan State Police Post Number 2

3.88 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 15 Aug, 2018
  • 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.

  • 2021 Avg. Asking Rent $22.78
  • 2021 Office Vacancy Rate 14.93%
  • 2021 Office Completions (SF)
View more Novi market trends

Tax

  • Market Value* $18,812,400
  • Assessed Value $18,812,400

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 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 is the market value for 43800 Gen Mar?

The market value* for 43800 Gen Mar in 2022 was $18,812,400.
*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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