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SimCenter

Off-Market

25540 Seeley Road, Novi, MI 48375

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  • Property Type Office - R&D - Office
  • Property Size 49,722 Sqft
  • Lot Size 8 Acre
  • Parking Spaces Avail. 183
  • Parking Ratio 3.70/ 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 2020

Location

  • City Novi, MI
  • Neighborhood Novi
  • Zip Code 48375
  • Market Detroit

Contacts

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Owner

  • True Owner

Brokers

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Documents

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Sales

  • 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 $3,810,300
  • Assessed Value $3,810,300

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

Frequently Asked Questions

What is the total square footage of SimCenter?

SimCenter totals 49,722 square feet.

When was this property built?

SimCenter was built in 2020.

What is the market value for SimCenter?

The market value for SimCenter in 2021 was $3,810,300.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.