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28819 Franklin Road

Off-Market

28819 Franklin Road, Southfield, MI 48034

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  • Property Type Office - General Office
  • Property Size 32,416 Sqft
  • Lot Size 1 Acre
  • Parking Spaces Avail. 110
  • Parking Ratio 3.40/ 1,000 SF
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 1989

Location

  • City Southfield, MI
  • Neighborhood Southfield
  • Zip Code 48034
  • Market Detroit

Contacts

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Owner

  • True Owner

Brokers

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Documents

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Sales

  • Purchase Date 03 Apr, 2019
  • Purchase Price $3,200,000
  • Arm's Length
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date

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

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Frequently Asked Questions

What is the total square footage of 28819 Franklin Road?

28819 Franklin Road totals 32,416 square feet.

When was this property built?

28819 Franklin Road was built in 1989.

When was 28819 Franklin Road last sold?

28819 Franklin Road was last sold on 03 Apr, 2019.

What was the last purchase price for 28819 Franklin Road?

28819 Franklin Road was last sold for $3,200,000.

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