28819 Franklin Road

Off-Market

28819 Franklin Road, Southfield, MI 48034

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 32,416 SF
  • 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

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 03 Apr, 2019
  • 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 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

Location

Getting Around

  • Walk Score ®

    55/100 Somewhat Walkable

  • Bike Score ®

    41/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Southfield, MI
  • Neighborhood Southfield
  • Zip Code 48034
  • Market Detroit

Points of Interest

  • Troy

    6.70 miles

  • Royal Oak

    8.23 miles

  • CDM Transport LLC

    8.45 miles

  • Pontiac

    9.27 miles

  • Sunoco

    0.13 miles

  • Marathon

    0.17 miles

  • BP

    0.23 miles

  • BP

    1.16 miles

  • Mobil

    1.23 miles

  • Sunoco

    1.55 miles

  • BP

    1.59 miles

  • Sunoco

    1.60 miles

  • Mobil

    1.63 miles

  • Marathon

    1.99 miles

  • MDOT Park & Ride

    2.47 miles

  • bus parking

    2.52 miles

  • Lot 1A

    2.86 miles

  • Lot 1B

    2.89 miles

  • Lot 1C

    2.92 miles

  • Lot 2

    2.98 miles

  • Lot 3

    2.99 miles

  • Lot 4

    3.08 miles

  • Lot 5

    3.12 miles

  • Parking Lot J

    3.16 miles

  • Ramada by Wyndham Southfield

    0.56 miles

  • Red Roof Inn

    1.05 miles

  • Marvins Garden Inn

    1.10 miles

  • Detroit Marriott Southfield

    1.90 miles

  • Courtyard Detroit Southfield

    1.97 miles

  • Extended Stay America

    2.35 miles

  • Fairfield Inn

    2.39 miles

  • Comfort Inn

    2.43 miles

  • Radisson Hotel Detroit-Farmington Hills

    2.66 miles

  • Holiday Inn Express & Suites

    3.02 miles

  • Burger King

    0.17 miles

  • Bigalora Wood Fired Cucina

    0.25 miles

  • Ram's Horn

    0.25 miles

  • Cornbread

    0.76 miles

  • Taco Bell

    1.00 miles

  • Panera Bread

    1.15 miles

  • Wendy's

    1.16 miles

  • Blaze Pizza

    1.23 miles

  • Shish Kabob

    1.23 miles

  • Flaming Wok

    1.24 miles

  • O'Connell School at Sarah Fisher (former)

    0.68 miles

  • Wood Creek Elementary School

    1.05 miles

  • Aim High School

    1.34 miles

  • Oakland International Academy

    1.50 miles

  • Our Lady of Mercy High School

    1.61 miles

  • The International School

    1.67 miles

  • Huda School & Montessori

    1.73 miles

  • Farmington Harrison High School

    1.89 miles

  • East Middle School

    1.96 miles

  • For Kids Sake

    1.98 miles

  • KinderCare

    2.14 miles

  • Country Hills Montessori

    3.03 miles

  • Tutor Time

    3.06 miles

  • The Learning Experience

    3.43 miles

  • West Bloomfield KinderCare

    3.44 miles

  • Minto's Casa

    3.54 miles

  • Everbrook Academy of West Bloomfield

    3.89 miles

  • Bloomin' Kids Preschool at Conant

    4.32 miles

  • Childtime Learning

    5.23 miles

  • KinderCare Learning Center

    5.66 miles

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 is the market value for 28819 Franklin Road?

The market value* for 28819 Franklin Road in 2022 was $3,388,680.
*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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