University Commerce Park

Off-Market

2121 University Park Drive, 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 64,512 SF
  • Lot Size 6.4 Acre
  • Parking Spaces Avail. 283
  • Parking Ratio 4.40 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1988

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 Date 01 Apr, 2014
  • 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 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 ®

    36/100 Car-Dependent

  • Bike Score ®

    36/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Okemos, MI
  • Neighborhood Okemos
  • Zip Code 48864
  • Market Detroit

Points of Interest

  • East Lansing

    4.50 miles

  • Sunoco

    0.36 miles

  • Marathon

    0.43 miles

  • Marathon

    2.54 miles

  • Speedway

    2.71 miles

  • Meijer

    2.81 miles

  • Kroger

    3.05 miles

  • Sunoco

    3.27 miles

  • ChargePoint

    3.63 miles

  • Shell

    3.72 miles

  • Marathon

    3.94 miles

  • Sporting Events Parking

    1.45 miles

  • Student Parking

    1.47 miles

  • Visitor Parking

    1.60 miles

  • Faculty Parking

    1.70 miles

  • car parking

    2.68 miles

  • truck parking

    2.70 miles

  • Lot 97

    3.35 miles

  • Lot 201

    3.36 miles

  • Lot 100

    3.39 miles

  • Lot 91

    3.40 miles

  • Comfort Inn

    0.19 miles

  • Best Western

    0.25 miles

  • Courtyard

    0.58 miles

  • Holiday Inn Express & Suites

    0.66 miles

  • TownePlace Suites East Lansing

    3.10 miles

  • Red Roof Inn

    3.85 miles

  • Candlewood Suites East Lansing, an IHG Hotel

    4.20 miles

  • Wild Goose Inn Bed & Breakfast

    4.63 miles

  • SpringHill Suites by Marriott East Lansing University Area

    4.68 miles

  • Marriott East Lansing at University Place

    4.76 miles

  • Jimmy John's

    0.34 miles

  • Dunkin'

    0.34 miles

  • Culver's

    0.35 miles

  • Tropical Smoothie Cafe

    0.39 miles

  • Jersey Mike's Subs

    0.39 miles

  • Arby's

    0.39 miles

  • Cracker Barrel

    0.44 miles

  • Applebee's

    0.44 miles

  • Subway

    0.45 miles

  • McDonald's

    0.45 miles

  • NexTech High School

    0.17 miles

  • Hiawatha Elementary School

    0.42 miles

  • Chippewa Middle School

    1.22 miles

  • Michigan Connections Academy

    1.26 miles

  • Kinawa Middle School

    1.39 miles

  • Okemos High School

    1.67 miles

  • Bennett Woods Elementary School

    1.72 miles

  • Okemos Public Montessori-Central

    2.14 miles

  • Edgewood Elementary School

    2.22 miles

  • MSU Poultry Research & Teaching Center

    2.37 miles

  • Gilden Woods Okemos

    0.50 miles

  • Eastminster Child Development Center

    4.58 miles

  • Michigan State University Child Development Laboratories

    5.06 miles

  • Wilkshire Early Childhood Center

    5.11 miles

  • Gilden Woods

    6.27 miles

  • Harvey Education Center

    7.15 miles

  • Little Dreamers Daycare Center

    9.17 miles

Frequently Asked Questions

What is the total square footage of University Commerce Park?

University Commerce Park totals 64,512 square feet.

When was University Commerce Park last sold?

University Commerce Park was last sold on 01 Apr, 2014.

What is the market value for University Commerce Park?

The market value* for University Commerce Park in 2023 was $5,847,200.
*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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