MARS Corporate Center

Off-Market

25200 Telegraph Road, Southfield, MI 48033

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 190,084 SF
  • Lot Size 7.82 Acre
  • Parking Spaces Avail. 758
  • Parking Ratio 3.99 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1974

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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Brokers

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Documents

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Sales

  • Purchase Date 21 Apr, 2021
  • 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.

  • 2022 Avg. Asking Rent $20.39
  • 2022 Office Vacancy Rate 24.32%
  • 2022 Office Completions (SF)

Southfield Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2022 Avg. Price per SF $97.41
  • 2022 Office Sales Volume $38.6M
  • 2022 Number of Transactions 5
View more Southfield market trends

Location

Getting Around

  • Walk Score ®

    71/100 Very Walkable

  • Bike Score ®

    48/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Southfield, MI
  • Neighborhood Southfield
  • Zip Code 48033
  • Market Detroit

Points of Interest

  • CDM Transport LLC

    6.20 miles

  • Troy

    6.63 miles

  • Royal Oak

    6.88 miles

  • Marathon

    0.11 miles

  • BP

    0.12 miles

  • Mobil

    0.70 miles

  • Sunoco

    0.74 miles

  • BP

    1.03 miles

  • Marathon

    1.11 miles

  • BP

    1.11 miles

  • Marathon

    1.20 miles

  • Mobil

    1.37 miles

  • Shell

    1.40 miles

  • MDOT Park & Ride

    1.27 miles

  • bus parking

    1.31 miles

  • Parking Lot J

    1.43 miles

  • Parking Lot F

    1.48 miles

  • Parking Lot H

    1.51 miles

  • Parking Lot A

    1.54 miles

  • Parking Lot C

    1.56 miles

  • Parking Lot G

    1.62 miles

  • Parking Lot D

    1.65 miles

  • Parking Lot E

    1.70 miles

  • Detroit Marriott Southfield

    0.80 miles

  • Courtyard Detroit Southfield

    0.83 miles

  • Marvins Garden Inn

    1.50 miles

  • Red Roof Inn

    1.52 miles

  • Ramada by Wyndham Southfield

    1.77 miles

  • The Westin Southfield Detroit

    1.84 miles

  • Grand Tulane Motel

    3.40 miles

  • Park Motel of Farmington

    3.81 miles

  • Extended Stay America

    4.13 miles

  • Fairfield Inn

    4.18 miles

  • Billy Sims BBQ

    0.12 miles

  • Shield's Restaurant Bar Pizzeria

    0.13 miles

  • Nikola's Barbeque

    0.14 miles

  • KFC

    0.17 miles

  • McDonald's

    0.29 miles

  • Meriwhether's

    0.29 miles

  • Taco Bell

    1.06 miles

  • Jet's Pizza

    1.12 miles

  • Wendy's

    1.26 miles

  • Pho Chopstix

    1.57 miles

  • Southfield Number 10 School

    0.09 miles

  • Eisenhower Elementary School

    0.51 miles

  • Early Impressions

    0.51 miles

  • Bradford Academy

    0.64 miles

  • Saint Michael School

    0.73 miles

  • Woodmont Academy

    0.78 miles

  • For Kids Sake

    0.85 miles

  • Southfield High School

    0.92 miles

  • Laurus Academy

    1.05 miles

  • Glenn W. Levey Middle School

    1.13 miles

  • KinderCare

    3.01 miles

  • Country Hills Montessori

    3.88 miles

  • Tutor Time

    3.88 miles

  • The Learning Experience

    3.90 miles

  • Old Redford Pre-Kindergarten Academy

    4.08 miles

  • Creative Learning Children's College

    4.66 miles

  • Stepping Out On Faith Learning Center & Childcare

    5.00 miles

  • Harmony Montessori Center

    5.02 miles

  • Minto's Casa

    5.35 miles

  • Academy of Detroit-West

    5.36 miles

Frequently Asked Questions

What is the total square footage of MARS Corporate Center?

MARS Corporate Center totals 190,084 square feet.

When was this property built?

MARS Corporate Center was built in 1974.

When was MARS Corporate Center last sold?

MARS Corporate Center was last sold on 21 Apr, 2021.

What is the market value for MARS Corporate Center?

The market value* for MARS Corporate Center in 2023 was $11,654,180.
*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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