25900 Telegraph Road, Southfield, MI

Property Type Office - General Office
Property Size 88,023 SF
Lot Size 12.87 Acre
Parking Spaces Avail. 316
Parking Ratio 3.60/ 1,000 SF
Property Tenancy Owner Occupied
Building Class B
Year Built 1970

Location

Map
Street

City Southfield, MI
Neighborhood Southfield
Zip Code 48033
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 Date 30 Mar, 2005
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

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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 (SF)

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Tax

Market Value* $7,953,140
Assessed Value $7,953,140

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*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 25900 Telegraph Road?

25900 Telegraph Road totals 88,023 square feet.

When was this property built?

25900 Telegraph Road was built in 1970.

When was 25900 Telegraph Road last sold?

25900 Telegraph Road was last sold on 30 Mar, 2005.

What is the market value for 25900 Telegraph Road?

The market value* for 25900 Telegraph Road in 2021 was $7,953,140.
*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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25900 Telegraph Road, Southfield, MI 48033 - Office Space

25900 Telegraph Road is located at 25900 Telegraph Road in the Southfield neighborhood, MI, Southfield, 48033. The Class B Office building was completed in 1970 and features a total of 88,023 SF.

There are 641 office spaces for lease in the Southfield neighborhood, totaling 6,717,459 SF of available office space. The office space availability for the 48033 zip code is 670,955 SF, in 82 office spaces. The average asking office rent per SF in Southfield is $16.7/SF/YR. For Class A office buildings the average office rate is $19.33/SF/YR, for Class B office buildings the average office rate is $16.83/SF/YR, for Class C office buildings the average office rate is $14.32/SF/YR.

In Southfield, there are 102 class B office buildings. In Southfield, there are a total of 2 LEED certified office buildings. In 1970, the same year 25900 Telegraph Road was built, 36 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Southfield, featuring 726,836 square feet of commercial space. At zip code level, there are 31 commercial properties, of which 26 are office buildings over 50,000 square feet.