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Woodbury Commerce Park - Building A

Off-Market

39750 Grand River Avenue, Novi, MI 48375

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  • Property Type Office - General Office
  • Property Size 30,271 Sqft
  • Lot Size 2.75 Acre
  • Parking Spaces Avail. 154
  • Parking Ratio 5.10/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1986

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

  • Purchase Date 04 Dec, 2014
  • 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 $3,146,700
  • Assessed Value $3,146,700

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

Frequently Asked Questions

What is the total square footage of Woodbury Commerce Park - Building A?

Woodbury Commerce Park - Building A totals 30,271 square feet.

When was this property built?

Woodbury Commerce Park - Building A was built in 1986.

When was Woodbury Commerce Park - Building A last sold?

Woodbury Commerce Park - Building A was last sold on 04 Dec, 2014.

What is the market value for Woodbury Commerce Park - Building A?

The market value for Woodbury Commerce Park - Building A in 2021 was $3,146,700.

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