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Three Towne Square

Off-Market

NEC Northwestern Hwy & Corporate Drive, 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 350,000 SF
  • Lot Size 8.56 Acre
  • Parking Spaces Avail. 749
  • Parking Ratio 2.14/ 1,000 SF

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 Price
  • Arm's Length True
  • 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 (SF)
View more Southfield market trends

Tax

  • Market Value* $1,609,480
  • Assessed Value $1,609,480

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

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of Three Towne Square?

Three Towne Square totals 350,000 square feet.

What is the market value for Three Towne Square?

The market value* for Three Towne Square in 2021 was $1,609,480.
*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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