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Woodbury Commerce Park - Building B

Off-Market

39830 Grand River Avenue, Novi, MI 48375

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  • 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

Location

  • Walk Score ® Car-Dependent (48)
  • Bike Score ® Somewhat Bikeable (49)
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

Public Parking

3.24 miles

Public Parking

3.34 miles

Public Parking

3.37 miles

Motel 6

0.80 miles

Motel 6

0.82 miles

Red Roof Inn

1.05 miles

Red Roof Inn

1.07 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

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

Contacts

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Owner

  • True Owner

Brokers

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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
Unlock on CommercialEdge
Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
Unlock on CommercialEdge

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* $1,768,600
  • Assessed Value $1,768,600

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 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 2021 was $1,768,600.
*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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