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Riverside Center

Off-Market

25925 Telegraph Road, Southfield, MI 48033

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  • Property Type Office - General Office
  • Property Size 200,000 SF
  • Lot Size 10.78 Acre
  • Parking Spaces Avail. 868
  • Parking Ratio 4.34 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1989

Location

  • Walk Score ® Somewhat Walkable (60)
  • Bike Score ® Somewhat Bikeable (39)
Powered by Walk Score ®
  • City Southfield, MI
  • Neighborhood Southfield
  • Zip Code 48033
  • Market Detroit

Points of Interest

Troy

6.59 miles

CDM Transport LLC

6.68 miles

Royal Oak

7.13 miles

RP Fuel

4.98 miles

Kroger

5.50 miles

Sunoco

5.74 miles

Exxon

6.78 miles

Mobil

7.15 miles

Livonia, MI Supercharger

7.20 miles

Ferndale Public Library

7.94 miles

2 stations

8.05 miles

Mobil

8.34 miles

Sunoco

9.02 miles

Parking Lot C

1.85 miles

Parking Lot G

1.96 miles

Lot 4

4.26 miles

Vistor Parking Lot A

5.18 miles

Parking Lot A

7.16 miles

Student / Vistor Parking Lot B

8.82 miles

OHM Advisors Parking Lot

8.92 miles

Faculty / Staff Parking Lot E

8.92 miles

Parking Lot - Central Convent

8.93 miles

Chess Row

9.80 miles

Courtyard Detroit Southfield

0.70 miles

Grand Tulane Motel

3.36 miles

Park Motel of Farmington

3.69 miles

Extended Stay America

3.71 miles

Cranbrook Inn

4.98 miles

Inn America

6.10 miles

Knights Inn Farmington Hill

6.74 miles

Motel 6

7.05 miles

Motel 6

7.06 miles

Royal Budget Inn

7.48 miles

Wendy's

3.04 miles

Village Grill

3.59 miles

Subway

3.99 miles

Craft Breww City

4.02 miles

Jimmy John's

4.29 miles

Sahara Restaurant and Grill

5.35 miles

Bucharest Grill Express

5.70 miles

The Fiddler

5.74 miles

Buddy's Pizza

6.67 miles

Kingswood Dining Hall

6.87 miles

Lawrence Technological University

1.84 miles

Bingham Farms Elementary School

2.61 miles

Farmington High School

3.86 miles

Saint Regis School

4.23 miles

Oakland Community College at Orchard Ridge

4.30 miles

Anderson Middle School

5.03 miles

Wayne County Community College Northwest Campus

5.18 miles

CoinCoach

6.11 miles

Adams Elementary School

6.38 miles

Cranbrook Academy of Art

6.53 miles

Country Hills Montessori

3.58 miles

Tutor Time

3.59 miles

Old Redford Pre-Kindergarten Academy

4.52 miles

Minto's Casa

4.93 miles

Creative Learning Children's College

5.11 miles

Harmony Montessori Center

5.28 miles

Stepping Out On Faith Learning Center & Childcare

5.28 miles

Everbrook Academy of West Bloomfield

5.69 miles

Academy of Detroit-West

5.84 miles

Green Garden Child Development Center

6.06 miles

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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Documents

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Sales

  • Purchase Date 29 Dec, 2016
  • 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.

  • 2021 Avg. Asking Rent $20.80
  • 2021 Office Vacancy Rate 24.57%
  • 2021 Office Completions (SF)

Southfield Office Sales Trends

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

  • 2021 Avg. Price per SF $54.92
  • 2021 Office Sales Volume $53.5M
  • 2021 Number of Transactions 9
View more Southfield market trends

Tax

  • Market Value* $18,001,180
  • Assessed Value $18,001,180

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 Riverside Center?

Riverside Center totals 200,000 square feet.

When was this property built?

Riverside Center was built in 1989.

When was Riverside Center last sold?

Riverside Center was last sold on 29 Dec, 2016.

What is the market value for Riverside Center?

The market value* for Riverside Center in 2022 was $18,001,180.
*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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