45145 West 12 Mile Road

Off-Market

45145 West 12 Mile Road, Novi, MI 48377

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

  • Property Type Industrial - R&D - Industrial
  • Property Size 115,000 SF
  • Lot Size 24 Acre
  • Parking Spaces Avail. 101
  • Parking Ratio 0.88 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 1999

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 20 May, 2022
  • 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 ®

    22/100 Car-Dependent
  • Bike Score ®

    34/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Novi, MI
  • Neighborhood Novi
  • Zip Code 48377
  • Market Detroit

Points of Interest

  • BP

    0.83 miles

  • Sunoco

    1.14 miles

  • Shell

    1.15 miles

  • Mobil

    1.22 miles

  • Kroger

    1.32 miles

  • Shell

    1.76 miles

  • Speedway

    2.04 miles

  • Marathon

    2.07 miles

  • Mobil

    2.17 miles

  • Sam's Club

    2.17 miles

  • Lakeshore Park Skills Area Parking Lot

    0.82 miles

  • MDOT Public Carpool Parking

    1.08 miles

  • MTB Tralhead Parking

    1.26 miles

  • North Parking Lot

    1.84 miles

  • ShearWater Trailhead Parking Lot for M.A.L.T.

    2.95 miles

  • Michigan Air Line Trailhead Parking Lot

    3.25 miles

  • Wixom Habitat Parking

    3.86 miles

  • MDOT Carpool Lot

    4.77 miles

  • Trailhead Parking for WBT & MALT Trails

    4.96 miles

  • Parking Lot A

    5.49 miles

  • Buddy's Pizza

    0.36 miles

  • Beerhead Bar & Eatery

    0.42 miles

  • Chuck E. Cheese's

    0.43 miles

  • Bar Louie

    0.43 miles

  • Buffalo Wild Wings

    0.44 miles

  • Taipae 101

    0.44 miles

  • Noodle Topia

    0.45 miles

  • Black Rock

    0.46 miles

  • Cherry Blossom

    0.57 miles

  • Siam Spicy

    0.78 miles

  • Twelve Mile Crossing at Fountain Walk

    0.44 miles

  • Gordon Food Service

    0.49 miles

  • Sears Outlet

    0.51 miles

  • Kohl's

    0.57 miles

  • West Oaks II

    0.63 miles

  • Marshalls

    0.65 miles

  • West Oaks I

    0.66 miles

  • Macy's

    1.07 miles

  • Sears

    1.08 miles

  • Twelve Oaks Mall

    1.17 miles

  • Urgent Care of Novi

    0.58 miles

  • Novi Urgent Care

    1.17 miles

  • Creams N' Caps

    1.25 miles

  • Providence Park Hospital

    1.46 miles

  • Novi Fire Department

    1.51 miles

  • Concerta Urgent Care

    1.58 miles

  • Rite Aid

    1.69 miles

  • City of Novi Lee C. Begole Police Headquarters

    2.01 miles

  • Walgreens

    2.12 miles

  • CVS

    2.12 miles

Frequently Asked Questions

What is the total square footage of 45145 West 12 Mile Road?

45145 West 12 Mile Road totals 115,000 square feet.

When was this property built?

45145 West 12 Mile Road was built in 1999.

When was 45145 West 12 Mile Road last sold?

45145 West 12 Mile Road was last sold on 20 May, 2022.

What is the market value for 45145 West 12 Mile Road?

The market value* for 45145 West 12 Mile Road in 2023 was $11,278,800.

*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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