Woodbury Commerce Park - Building B

Off-Market

39830 Grand River Avenue, Novi, MI 48375

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - Flex - Office
  • Property Size 31,146 SF
  • Lot Size 2.74 Acre
  • Parking Spaces Avail. 158
  • Parking Ratio 5.10 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1987

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 04 Dec, 2014
  • 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 ®

    49/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Novi, MI
  • Neighborhood Novi
  • Zip Code 48375
  • Market Detroit

Points of Interest

  • Mobil

    0.27 miles

  • Shell

    0.29 miles

  • Exxon

    0.89 miles

  • Sunoco

    0.92 miles

  • BP

    1.24 miles

  • Shell

    1.30 miles

  • BP

    1.58 miles

  • Speedway

    1.83 miles

  • Marathon

    1.88 miles

  • Mobil

    1.91 miles

  • North Parking Lot

    2.00 miles

  • MDOT Carpool Lot

    2.53 miles

  • Parking Lot A

    2.78 miles

  • Parking Lot B

    2.82 miles

  • Special Events Parking

    2.84 miles

  • Lakeshore Park Skills Area Parking Lot

    2.99 miles

  • Public Parking

    3.24 miles

  • Seven Mile Parking Lot

    3.49 miles

  • MTB Tralhead Parking

    3.49 miles

  • Lot 8

    3.51 miles

  • Motel 6

    0.80 miles

  • Motel 6

    0.82 miles

  • Red Roof Inn

    1.05 miles

  • Holiday Inn Hotel & Suites

    1.19 miles

  • Knights Inn Farmington Hill

    1.25 miles

  • TownePlace Suites Detroit Novi

    1.50 miles

  • Sonesta Select Detroit Novi

    1.55 miles

  • Holiday Inn Express & Suites

    1.55 miles

  • DoubleTree

    1.65 miles

  • Hawthorn Suites

    1.69 miles

  • Phở Lucky

    0.20 miles

  • Burger King

    0.22 miles

  • Arby's

    0.27 miles

  • Big Tommy’s Parthenon

    0.28 miles

  • Recipes

    0.35 miles

  • Alfoccino

    0.36 miles

  • El Patio

    0.38 miles

  • Dunkin' Donuts

    0.47 miles

  • McDonald's

    0.78 miles

  • Breakfast Club

    0.80 miles

  • Professional Bartenders School

    0.36 miles

  • Village Oaks Elementary School

    0.91 miles

  • Koby International Academy

    1.00 miles

  • Orchard Hills Elementary School

    1.29 miles

  • Hillside Elementary School

    1.58 miles

  • South University

    1.76 miles

  • CoinCoach

    2.37 miles

  • Meadowbrook Elementary School

    2.50 miles

  • Great Beginnings Daycare

    2.53 miles

  • Longacre Elementary School

    2.56 miles

  • Childtime Learning

    2.25 miles

  • KinderCare Learning Center

    2.77 miles

  • Minto's Casa

    3.73 miles

  • Tutor Time

    4.23 miles

  • Country Hills Montessori

    4.24 miles

  • The Learning Experience

    4.31 miles

  • KinderCare

    4.36 miles

  • The Learning Tree Child Care Center - North

    4.90 miles

  • KinderCare

    5.13 miles

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

    5.19 miles

Frequently Asked Questions

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

Woodbury Commerce Park - Building B totals 31,146 square feet.

When was this property built?

Woodbury Commerce Park - Building B was built in 1987.

When was Woodbury Commerce Park - Building B last sold?

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

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

The market value* for Woodbury Commerce Park - Building B in 2023 was $1,956,340.

*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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