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Beacon Hill Medical Office

Off-Market

18161 West 13 Mile Road, Southfield, MI 48076

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  • Property Type Office - Medical Office
  • Property Size 26,060 Sqft
  • Lot Size 2.63 Acre
  • Parking Spaces Avail. 174
  • Parking Ratio 6.70/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1972

Location

  • City Southfield, MI
  • Neighborhood Southfield
  • Zip Code 48076
  • Market Detroit

Contacts

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Owner

  • True Owner

Brokers

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Documents

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Sales

  • Purchase Date 07 May, 2018
  • Purchase Price $1,250,000
  • Arm's Length
  • 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

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Frequently Asked Questions

What is the total square footage of Beacon Hill Medical Office?

Beacon Hill Medical Office totals 26,060 square feet.

When was this property built?

Beacon Hill Medical Office was built in 1972.

When was Beacon Hill Medical Office last sold?

Beacon Hill Medical Office was last sold on 07 May, 2018.

What was the last purchase price for Beacon Hill Medical Office?

Beacon Hill Medical Office was last sold for $1,250,000.

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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.