Presidential West

Off-Market

23800 Northwestern Hwy, Southfield, MI 48075

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 99,396 SF
  • Lot Size 4.85 Acre
  • Parking Spaces Avail. 546
  • Parking Ratio 5.50 / 1,000 SF
  • Property Tenancy Vacant
  • Building Class C
  • Year Built 1978

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

Mortgages

  • Current Lender
  • 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 ®

    18/100 Car-Dependent

  • Bike Score ®

    32/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Southfield, MI
  • Neighborhood Southfield
  • Zip Code 48075
  • Market Detroit

Points of Interest

  • CDM Transport LLC

    4.01 miles

  • Royal Oak

    4.45 miles

  • Troy

    5.68 miles

  • Mobil

    0.50 miles

  • Clark

    0.61 miles

  • Sunoco

    0.68 miles

  • Speedway

    0.68 miles

  • BP

    0.75 miles

  • Mobil

    0.80 miles

  • Shell

    1.46 miles

  • Exxon

    1.48 miles

  • Shell

    1.48 miles

  • Citgo

    1.51 miles

  • Town Center Parking

    1.12 miles

  • Parking Lot G

    1.17 miles

  • Parking Lot E

    1.18 miles

  • underground parking entrance

    1.19 miles

  • Parking Lot H

    1.23 miles

  • Parking Lot A

    1.24 miles

  • Parking Lot D

    1.26 miles

  • Parking Lot C

    1.37 miles

  • Parking Lot F

    1.48 miles

  • Parking Lot J

    1.54 miles

  • The Westin Southfield Detroit

    1.10 miles

  • Cranbrook Inn

    2.05 miles

  • Courtyard Detroit Southfield

    2.73 miles

  • Detroit Marriott Southfield

    2.80 miles

  • Baymont by Wyndham Ferndale/Royal Oak

    3.25 miles

  • Marvins Garden Inn

    3.59 miles

  • Riviera Motel Detroit

    3.66 miles

  • Red Roof Inn

    3.67 miles

  • Ramada by Wyndham Southfield

    4.13 miles

  • Hilton Veterinary Clinic of Ferndale

    5.40 miles

  • Subway

    0.95 miles

  • Krispy Krunchy Chicken

    1.45 miles

  • Happy's Pizza

    1.51 miles

  • Dunkin'

    1.55 miles

  • Wendy's

    1.57 miles

  • Hellenic Restaurant

    1.71 miles

  • Popeyes

    1.87 miles

  • Panera Bread

    1.91 miles

  • White Castle

    2.15 miles

  • Subway

    2.16 miles

  • Morris Adler Elementary School

    0.86 miles

  • Kennedy School

    0.91 miles

  • Southfield Regional Academic Campus

    1.17 miles

  • Champions at Magnolia Center

    1.24 miles

  • Lawrence Technological University

    1.27 miles

  • Magnolia Center

    1.27 miles

  • Childs Academy Montessori Center

    1.30 miles

  • International Montessori Academy

    1.44 miles

  • Yeshivah Gedolah High School

    1.53 miles

  • Thompson K-8 International Academy

    1.59 miles

  • Creative Learning Children's College

    2.23 miles

  • Stepping Out On Faith Learning Center & Childcare

    2.59 miles

  • Harmony Montessori Center

    2.68 miles

  • Green Garden Child Development Center

    3.47 miles

  • Academy of Detroit-West

    3.55 miles

  • Old Redford Pre-Kindergarten Academy

    3.76 miles

  • Nature's Playhouse

    4.46 miles

  • Hampton Church Child Care Center

    4.74 miles

  • Allen Baptist Childcare & Development Center

    5.57 miles

  • KinderCare

    5.71 miles

Frequently Asked Questions

What is the total square footage of Presidential West?

Presidential West totals 99,396 square feet.

What is the market value for Presidential West?

The market value* for Presidential West in 2023 was $211,480.
*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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