One Towne Square

Off-Market

1 Towne Square, Southfield, MI 48076

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 470,000 SF
  • Lot Size 10.03 Acre
  • Parking Spaces Avail. 1880
  • Parking Ratio 4.00 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 1992

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 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 ®

    31/100 Car-Dependent

  • Bike Score ®

    41/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Southfield, MI
  • Neighborhood Southfield
  • Zip Code 48076
  • Market Detroit

Points of Interest

  • Troy

    5.22 miles

  • Royal Oak

    5.47 miles

  • CDM Transport LLC

    5.79 miles

  • Marathon

    0.33 miles

  • Shell

    0.43 miles

  • Mobil

    0.47 miles

  • BP

    0.83 miles

  • Mobil

    1.01 miles

  • Speedway

    1.16 miles

  • Stop & Go

    1.41 miles

  • Shell

    1.44 miles

  • Marathon

    1.57 miles

  • Sunoco

    1.60 miles

  • Parking Lot J

    0.37 miles

  • Parking Lot F

    0.41 miles

  • MDOT Park & Ride

    0.44 miles

  • bus parking

    0.44 miles

  • Parking Lot C

    0.50 miles

  • Parking Lot D

    0.59 miles

  • Town Center Parking

    0.61 miles

  • Parking Lot E

    0.66 miles

  • Parking Lot A

    0.71 miles

  • Parking Lot G

    0.76 miles

  • The Westin Southfield Detroit

    0.71 miles

  • Courtyard Detroit Southfield

    1.07 miles

  • Detroit Marriott Southfield

    1.15 miles

  • Marvins Garden Inn

    1.83 miles

  • Red Roof Inn

    1.91 miles

  • Ramada by Wyndham Southfield

    2.41 miles

  • Cranbrook Inn

    3.86 miles

  • The Townsend Hotel

    4.70 miles

  • Riviera Motel Detroit

    4.71 miles

  • Grand Tulane Motel

    4.91 miles

  • Hellenic Restaurant

    0.79 miles

  • Subway

    0.87 miles

  • McDonald's

    1.61 miles

  • Billy Sims BBQ

    1.63 miles

  • Nikola's Barbeque

    1.63 miles

  • Meriwhether's

    1.63 miles

  • Shield's Restaurant Bar Pizzeria

    1.63 miles

  • KFC

    1.68 miles

  • Pho Chopstix

    1.69 miles

  • Happy's Pizza

    1.71 miles

  • University of Phoenix

    0.56 miles

  • Birney High School

    0.71 miles

  • Lawrence Technological University

    0.73 miles

  • Stevenson School

    0.82 miles

  • Woodmont Academy

    0.84 miles

  • Saint Michael School

    0.93 miles

  • Laurus Academy

    1.07 miles

  • Southfield Christian School

    1.12 miles

  • Southfield High School

    1.13 miles

  • McIntyre Elementary School

    1.16 miles

  • Harmony Montessori Center

    3.62 miles

  • Stepping Out On Faith Learning Center & Childcare

    3.64 miles

  • Creative Learning Children's College

    4.04 miles

  • KinderCare

    4.34 miles

  • Green Garden Child Development Center

    4.40 miles

  • Old Redford Pre-Kindergarten Academy

    4.66 miles

  • Academy of Detroit-West

    5.19 miles

  • Country Hills Montessori

    5.25 miles

  • Tutor Time

    5.26 miles

  • The Learning Experience

    5.35 miles

Frequently Asked Questions

What is the total square footage of One Towne Square?

One Towne Square totals 470,000 square feet.

What is the market value for One Towne Square?

The market value* for One Towne Square in 2023 was $39,631,900.
*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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