Twelve Oaks Mall - JCPenney

Off-Market

27150 Novi Road, Novi, MI 48377

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  • Property Type Retail - Super Regional Mall
  • Property Size 136,036 SF
  • Lot Size 11 Acre
  • Property Tenancy Single Tenant
  • Year Built 1987

Contacts

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Owner

  • True Owner

Brokers

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Documents

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Sales

  • Purchase Date 17 Mar, 2021
  • 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.

  • 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 ®

    44/100 Car-Dependent
  • Bike Score ®

    38/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Novi, MI
  • Neighborhood Novi
  • Zip Code 48377
  • Market Detroit

Points of Interest

  • BP

    0.53 miles

  • Mobil

    0.79 miles

  • Sunoco

    0.80 miles

  • Shell

    1.34 miles

  • Speedway

    1.66 miles

  • BP

    1.68 miles

  • Marathon

    1.72 miles

  • Mobil

    2.18 miles

  • Shell

    2.20 miles

  • Shell

    2.33 miles

  • North Parking Lot

    0.86 miles

  • Lakeshore Park Skills Area Parking Lot

    1.09 miles

  • MTB Tralhead Parking

    1.63 miles

  • MDOT Public Carpool Parking

    2.28 miles

  • Michigan Air Line Trailhead Parking Lot

    3.40 miles

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

    3.65 miles

  • MDOT Carpool Lot

    4.03 miles

  • Parking Lot A

    4.58 miles

  • Trailhead Parking for WBT & MALT Trails

    4.59 miles

  • Parking Lot B

    4.61 miles

  • Taco Bell

    0.03 miles

  • A&W

    0.03 miles

  • Surf City Squeeze

    0.04 miles

  • Cinnabon

    0.04 miles

  • Auntie Anne's

    0.04 miles

  • Fresh Healthy Cafe

    0.05 miles

  • Suki Hana

    0.05 miles

  • Lifestyle Cafés

    0.06 miles

  • Sbarro

    0.06 miles

  • Yeung's Lotus Express

    0.06 miles

  • JCPenney

    0.01 miles

  • Twelve Oaks Mall

    0.10 miles

  • Nordstrom

    0.12 miles

  • Macy's

    0.14 miles

  • Sears

    0.20 miles

  • TJ Maxx

    0.51 miles

  • West Oaks I

    0.56 miles

  • Walmart Supercenter

    0.60 miles

  • Marshalls

    0.60 miles

  • West Oaks II

    0.61 miles

Frequently Asked Questions

What is the total square footage of Twelve Oaks Mall - JCPenney?

Twelve Oaks Mall - JCPenney totals 136,036 square feet.

When was this property built?

Twelve Oaks Mall - JCPenney was built in 1987.

When was Twelve Oaks Mall - JCPenney last sold?

Twelve Oaks Mall - JCPenney was last sold on 17 Mar, 2021.

What is the market value for Twelve Oaks Mall - JCPenney?

The market value* for Twelve Oaks Mall - JCPenney in 2023 was $4,831,300.

*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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