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Twelve Oaks Professional Center

Off-Market

41935 West 12 Mile Road, Novi, MI 48377

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  • Property Type Office - General Office
  • Property Size 93,558 SF
  • Lot Size 7.43 Acre
  • Parking Spaces Avail. 362
  • Parking Ratio 3.87 / 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1980

Location

  • Walk Score ® Car-Dependent (26)
  • Bike Score ® Somewhat Bikeable (43)
Powered by Walk Score ®
  • City Novi, MI
  • Neighborhood Novi
  • Zip Code 48377
  • Market Detroit

Points of Interest

BP

0.78 miles

Marathon

3.39 miles

Meijer

3.73 miles

Mobil

4.93 miles

2 stations

5.96 miles

Shell

7.37 miles

Shell

7.41 miles

Speedway

7.95 miles

Mobil

8.01 miles

Sunoco

8.72 miles

MTB Tralhead Parking

1.66 miles

South Parking Lot

5.60 miles

Huron River Fishing Site Parking

7.39 miles

Parking Lot - North

8.05 miles

MDOT Park and Ride

8.16 miles

Lot E - Employee & Handicap Parking

8.83 miles

Shore Fishing Parking

9.17 miles

Kensington Milford Trail Parking

9.81 miles

Horse Staging Area

9.91 miles

Baywoods Parking Lot

9.98 miles

DoubleTree

0.79 miles

Motel 6

2.53 miles

TownePlace Suites Detroit Commerce

2.55 miles

Motel 6

2.56 miles

Knights Inn Farmington Hill

3.01 miles

Country Inn & Suites by Radisson, Novi, MI

3.55 miles

SpringHill Suites

3.78 miles

Hampton

4.14 miles

Comfort Inn

5.39 miles

Fairfield Inn

5.43 miles

Lifestyle Cafés

0.44 miles

Fresh Healthy Cafe

0.46 miles

Bangkok 18

0.66 miles

Wendy's

1.11 miles

Beerhead Bar & Eatery

1.23 miles

el mariachi

2.09 miles

Wendy's

2.46 miles

Taco Bell

3.14 miles

Dunkin' Donuts

3.75 miles

Little Caesars

4.29 miles

South University

0.23 miles

Novi Adult Education

2.24 miles

Mary Helen Guest Elementary School

3.75 miles

Amerman Elementary School

3.98 miles

CoinCoach

4.16 miles

Moraine Elementary School

4.67 miles

Oakland Community College at Orchard Ridge

4.74 miles

Visions Unlimited

5.33 miles

Schoolcraft College

5.58 miles

Farmington Community School

6.29 miles

Minto's Casa

4.31 miles

Country Hills Montessori

5.56 miles

Tutor Time

5.56 miles

Little Hearts Learning Home - Child Care and Pre-School

5.71 miles

Lakes Area Montesorri

5.73 miles

Everbrook Academy of West Bloomfield

5.82 miles

KinderCare

6.03 miles

The Learning Tree Child Care Center - North

6.74 miles

West Bloomfield KinderCare

7.01 miles

Montessori Center of Our Lady

7.87 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 24 Apr, 2019
  • 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.

  • 2020 Avg. Asking Rent $23.25
  • 2020 Office Vacancy Rate 14.25%
  • 2020 Office Completions (SF) 269,869
View more Novi market trends

Tax

  • Market Value* $8,076,860
  • Assessed Value $8,076,860

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 Twelve Oaks Professional Center?

Twelve Oaks Professional Center totals 93,558 square feet.

When was this property built?

Twelve Oaks Professional Center was built in 1980.

When was Twelve Oaks Professional Center last sold?

Twelve Oaks Professional Center was last sold on 24 Apr, 2019.

What is the market value for Twelve Oaks Professional Center?

The market value* for Twelve Oaks Professional Center in 2022 was $8,076,860.
*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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