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123 Net Corporate Headquarters

Off-Market

24700 Northwestern Hwy, Southfield, MI 48075

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  • Property Type Industrial
  • Property Size 134,344 SF
  • Lot Size 5.04 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1968

Location

  • Walk Score ® Car-Dependent (38)
  • Bike Score ® Somewhat Bikeable (40)
Powered by Walk Score ®
  • City Southfield, MI
  • Neighborhood Southfield
  • Zip Code 48075
  • Market Detroit

Points of Interest

CDM Transport LLC

4.63 miles

Royal Oak

4.77 miles

Troy

5.46 miles

Valero

3.88 miles

Marathon

4.52 miles

Marathon

5.00 miles

Ferndale Public Library

5.41 miles

Shell

6.41 miles

Sunoco

6.84 miles

Zazz!

7.42 miles

Gulf

7.69 miles

Livonia, MI Supercharger

7.91 miles

Marathon

9.03 miles

underground parking entrance

0.68 miles

Parking Lot C

3.53 miles

West Parking Deck (Employee only)

3.74 miles

Church parking lot

5.42 miles

Student Parking Lot H

6.51 miles

Lot 1C

6.64 miles

Somerset Parking Lot

6.96 miles

Lot 7

7.13 miles

Lot 8

7.17 miles

Chess Row

7.35 miles

Burger King

4.79 miles

Bangkok Cafe

5.13 miles

McDonald's

5.31 miles

Whistle Stop

5.46 miles

Zao Jun

5.53 miles

Burger King

5.89 miles

Fish and Chicken

6.32 miles

Sidecar Slider Bar

6.80 miles

California Pizza Kitchen

6.91 miles

Taco Bell

6.97 miles

Aldi

2.13 miles

Redford Oaks

4.03 miles

Nutrifoods Health Food

4.91 miles

Marshalls

6.01 miles

Kohl's

6.02 miles

Farmington Plaza Shopping Center

6.23 miles

Food 4 Less

6.49 miles

Saks Fifth Avenue

6.67 miles

Neiman Marcus

6.72 miles

Macy's

6.92 miles

Southfield Police Department

0.65 miles

Straith Hospital for Special Surgery

1.32 miles

Ascension Providence Hospital, Southfield Campus

1.97 miles

Oakland Regional Hospital

2.00 miles

DaVita Dialysis

2.88 miles

Beverly Hills Police Station

3.19 miles

Henry Ford Medical Center - Detroit Northwest

3.73 miles

Beaumont Hospital - Royal Oak

3.86 miles

DMC Grand River Health Center

4.46 miles

DMC Sinai-Grace Hospital

4.67 miles

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 06 Mar, 2013
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Southfield

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 Southfield Office Market

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

  • 2021 Avg. Asking Rent $20.80
  • 2021 Office Vacancy Rate 24.57%
  • 2021 Office Completions (SF)

Southfield Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2021 Avg. Price per SF $54.92
  • 2021 Office Sales Volume $53.5M
  • 2021 Number of Transactions 9
View more Southfield market trends

Tax

  • Market Value* $5,049,420
  • Assessed Value $5,049,420

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 123 Net Corporate Headquarters?

123 Net Corporate Headquarters totals 134,344 square feet.

When was this property built?

123 Net Corporate Headquarters was built in 1968.

When was 123 Net Corporate Headquarters last sold?

123 Net Corporate Headquarters was last sold on 06 Mar, 2013.

What is the market value for 123 Net Corporate Headquarters?

The market value* for 123 Net Corporate Headquarters in 2022 was $5,049,420.
*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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