Keystone Medical Office Center

Off-Market

46325 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 Office - Medical Office
  • Property Size 57,636 SF
  • Lot Size 7.52 Acre
  • Parking Spaces Avail. 184
  • Parking Ratio 3.20 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 2006

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 03 Dec, 2014
  • 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.

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

Location

Getting Around

  • Walk Score ®

    4/100 Car-Dependent
  • Bike Score ®

    27/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Novi, MI
  • Neighborhood Novi
  • Zip Code 48377
  • Market Detroit

Points of Interest

  • Shell

    0.58 miles

  • Kroger

    0.75 miles

  • BP

    1.41 miles

  • Mobil

    1.57 miles

  • Sam's Club

    1.58 miles

  • Sunoco

    1.63 miles

  • Valero

    1.66 miles

  • Exxon

    1.67 miles

  • Shell

    1.70 miles

  • Mobil

    1.72 miles

  • MDOT Public Carpool Parking

    0.48 miles

  • Lakeshore Park Skills Area Parking Lot

    1.25 miles

  • MTB Tralhead Parking

    1.49 miles

  • North Parking Lot

    2.42 miles

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

    2.76 miles

  • Michigan Air Line Trailhead Parking Lot

    3.37 miles

  • Wixom Habitat Parking

    3.50 miles

  • MDOT Carpool Lot

    5.18 miles

  • Trailhead Parking for WBT & MALT Trails

    5.27 miles

  • Trailhead

    5.90 miles

  • Hyatt Place Detroit/Novi

    0.38 miles

  • Staybridge Suites Detroit - Novi

    1.07 miles

  • Four Points by Sheraton Detroit Novi

    1.32 miles

  • The Baronette Renaissance

    1.49 miles

  • Holiday Inn Express

    1.55 miles

  • SpringHill Suites

    1.65 miles

  • Comfort Suites Wixom

    1.76 miles

  • DoubleTree

    1.94 miles

  • Sonesta Select Detroit Novi

    2.04 miles

  • TownePlace Suites Detroit Novi

    2.08 miles

  • Buddy's Pizza

    0.96 miles

  • Beerhead Bar & Eatery

    1.00 miles

  • Buffalo Wild Wings

    1.02 miles

  • Bar Louie

    1.02 miles

  • Chuck E. Cheese's

    1.03 miles

  • Taipae 101

    1.04 miles

  • Noodle Topia

    1.04 miles

  • Black Rock

    1.04 miles

  • Cherry Blossom

    1.17 miles

  • The Grand Diner

    1.35 miles

  • Parkview Elementary School

    1.09 miles

  • Early Childhood Education Center

    1.12 miles

  • Novi Meadows School

    1.27 miles

  • Novi Adult Education

    1.28 miles

  • Novi Career Preparation High School

    1.28 miles

  • Novi Woods Elementary School

    1.42 miles

  • Novi Middle School

    1.62 miles

  • Deerfield Elementary School

    1.63 miles

  • Detroit Catholic Central High School

    1.82 miles

  • Novi High School

    2.22 miles

  • KinderCare Learning Center

    4.52 miles

  • Childtime Learning

    4.77 miles

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

    5.06 miles

  • Lakes Area Montesorri

    6.36 miles

  • Minto's Casa

    6.48 miles

  • KinderCare

    6.94 miles

  • Childtime

    7.26 miles

  • Country Hills Montessori

    7.66 miles

  • Tutor Time

    7.67 miles

  • Friends Preschool

    7.71 miles

Frequently Asked Questions

What is the total square footage of Keystone Medical Office Center?

Keystone Medical Office Center totals 57,636 square feet.

When was this property built?

Keystone Medical Office Center was built in 2006.

When was Keystone Medical Office Center last sold?

Keystone Medical Office Center was last sold on 03 Dec, 2014.

What is the market value for Keystone Medical Office Center?

The market value* for Keystone Medical Office Center in 2022 was $6,972,860.
*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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