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Franklin Medical Building

Off-Market

26206 West 12 Mile Road, Southfield, MI 48034

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  • Property Type Office - Medical Office
  • Property Size 26,258 Sqft
  • Lot Size 3 Acre
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1975

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 30 Jun, 2003
  • 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%
View more Southfield market trends

Tax

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

Frequently Asked Questions

What is the total square footage of Franklin Medical Building?

Franklin Medical Building totals 26,258 square feet.

When was this property built?

Franklin Medical Building was built in 1975.

When was Franklin Medical Building last sold?

Franklin Medical Building was last sold on 30 Jun, 2003.

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.