Heritage Office Park

Off-Market

3800 Heritage Avenue, Okemos, MI 48864

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

  • Property Type Office - General Office
  • Property Size 110,785 SF
  • Lot Size 19.82 Acre
  • Parking Spaces Avail. 443
  • Parking Ratio 4.00 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1990

Contacts

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Owner

  • True Owner
  • Registered 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 Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Okemos

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 Okemos Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2022 Avg. Asking Rent $19.39
  • 2022 Office Vacancy Rate 85.06%
  • 2022 Office Completions (SF)
View more Okemos market trends

Location

Getting Around

  • Walk Score ®

    12/100 Car-Dependent
  • Bike Score ®

    33/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Okemos, MI
  • Neighborhood Okemos
  • Zip Code 48864
  • Market Detroit

Points of Interest

  • East Lansing

    3.52 miles

  • Marathon

    0.88 miles

  • Sunoco

    1.00 miles

  • Marathon

    1.51 miles

  • Meijer

    1.86 miles

  • Speedway

    1.99 miles

  • Kroger

    2.19 miles

  • ChargePoint

    2.50 miles

  • Shell

    2.55 miles

  • Marathon

    2.78 miles

  • ChargePoint

    2.98 miles

  • Sporting Events Parking

    1.14 miles

  • Student Parking

    1.26 miles

  • Visitor Parking

    1.37 miles

  • Faculty Parking

    1.38 miles

  • Lot 97

    2.27 miles

  • Lot 91

    2.27 miles

  • Lot 100

    2.28 miles

  • Lot 33

    2.36 miles

  • Lot 32

    2.42 miles

  • Lot 31

    2.44 miles

  • Holiday Inn Express & Suites

    0.67 miles

  • Courtyard

    0.74 miles

  • Best Western

    1.06 miles

  • Comfort Inn

    1.14 miles

  • TownePlace Suites East Lansing

    1.95 miles

  • Red Roof Inn

    3.34 miles

  • Candlewood Suites East Lansing, an IHG Hotel

    3.41 miles

  • Wild Goose Inn Bed & Breakfast

    3.49 miles

  • Marriott East Lansing at University Place

    3.63 miles

  • SpringHill Suites by Marriott East Lansing University Area

    3.69 miles

  • Pancheros Mexican Grill

    0.73 miles

  • Lucky's Steak House

    0.74 miles

  • Subway

    0.78 miles

  • Grand Traverse Pie Company Bakery & Cafe

    0.82 miles

  • Stillwater Grill

    0.83 miles

  • Ozzy's Kabob

    0.83 miles

  • Persis Indian Grill

    0.83 miles

  • Arby's

    0.84 miles

  • Big John Steak & Onion

    0.85 miles

  • Cancun

    0.85 miles

  • Michigan Connections Academy

    0.11 miles

  • Chippewa Middle School

    0.42 miles

  • Bennett Woods Elementary School

    0.69 miles

  • Kinawa Middle School

    0.97 miles

  • Hiawatha Elementary School

    1.08 miles

  • Okemos Public Montessori-Central

    1.08 miles

  • NexTech High School

    1.17 miles

  • Okemos High School

    1.35 miles

  • Edgewood Elementary School

    1.48 miles

  • MSU Poultry Research & Teaching Center

    2.10 miles

  • Gilden Woods Okemos

    0.67 miles

  • Eastminster Child Development Center

    3.41 miles

  • Michigan State University Child Development Laboratories

    3.95 miles

  • Wilkshire Early Childhood Center

    4.36 miles

  • Gilden Woods

    5.29 miles

  • Harvey Education Center

    8.13 miles

  • Little Dreamers Daycare Center

    8.63 miles

Frequently Asked Questions

What is the total square footage of Heritage Office Park?

Heritage Office Park totals 110,785 square feet.

When was this property built?

Heritage Office Park was built in 1990.

What is the market value for Heritage Office Park?

The market value* for Heritage Office Park in 2023 was $7,188,000.
*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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