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23555 Telegraph Road

Off-Market

23555 Telegraph Road, Southfield, MI 48037

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  • Property Type Industrial - Manufacturing
  • Property Size 51,816 Sqft
  • Lot Size 5.9 Acre
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 1964

Location

  • City Southfield, MI
  • Neighborhood Southfield
  • Zip Code 48037
  • Market Detroit

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 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.

  • 2020 Avg. Asking Rent $21.49
  • 2020 Office Vacancy Rate 19.28 %
  • 2020 Office Completions (Sqft)
View more Southfield market trends

Tax

  • Market Value $1,851,980
  • Assessed Value $1,851,980

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of 23555 Telegraph Road?

23555 Telegraph Road totals 51,816 square feet.

When was this property built?

23555 Telegraph Road was built in 1964.

What is the market value for 23555 Telegraph Road?

The market value for 23555 Telegraph Road in 2021 was $1,851,980.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.