Riverwood Research Center

Off-Market

24463 West 10 Mile Road, Southfield, MI 48207

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - Flex - Office
  • Property Size 68,142 SF
  • Lot Size 5 Acre
  • Parking Spaces Avail. 238
  • Parking Ratio 3.50 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1987

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 25 Mar, 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.

  • 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

Location

Getting Around

  • Walk Score ®

    61/100 Somewhat Walkable
  • Bike Score ®

    46/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Southfield, MI
  • Neighborhood Southfield
  • Zip Code 48207
  • Market Detroit

Points of Interest

  • CDM Transport LLC

    6.24 miles

  • Troy

    6.89 miles

  • Royal Oak

    7.09 miles

  • BP

    0.14 miles

  • Marathon

    0.18 miles

  • Mobil

    0.82 miles

  • Sunoco

    0.87 miles

  • Marathon

    0.97 miles

  • BP

    0.98 miles

  • Citgo

    1.15 miles

  • Sunoco

    1.21 miles

  • BP

    1.22 miles

  • Marathon

    1.45 miles

  • MDOT Park & Ride

    1.53 miles

  • bus parking

    1.57 miles

  • Parking Lot J

    1.66 miles

  • Parking Lot H

    1.70 miles

  • Parking Lot F

    1.71 miles

  • Parking Lot A

    1.74 miles

  • Parking Lot C

    1.78 miles

  • Parking Lot G

    1.81 miles

  • Parking Lot D

    1.87 miles

  • Parking Lot E

    1.91 miles

  • Detroit Marriott Southfield

    1.02 miles

  • Courtyard Detroit Southfield

    1.06 miles

  • Marvins Garden Inn

    1.64 miles

  • Red Roof Inn

    1.66 miles

  • Ramada by Wyndham Southfield

    1.83 miles

  • The Westin Southfield Detroit

    2.05 miles

  • Grand Tulane Motel

    3.15 miles

  • Park Motel of Farmington

    3.57 miles

  • Extended Stay America

    4.04 miles

  • Fairfield Inn

    4.08 miles

  • KFC

    0.12 miles

  • Billy Sims BBQ

    0.15 miles

  • Shield's Restaurant Bar Pizzeria

    0.17 miles

  • Nikola's Barbeque

    0.19 miles

  • McDonald's

    0.28 miles

  • Meriwhether's

    0.37 miles

  • Taco Bell

    0.92 miles

  • Jet's Pizza

    0.99 miles

  • Wendy's

    1.11 miles

  • Pho Chopstix

    1.74 miles

  • Eisenhower Elementary School

    0.27 miles

  • Southfield Number 10 School

    0.32 miles

  • Early Impressions

    0.36 miles

  • Bradford Academy

    0.47 miles

  • For Kids Sake

    0.67 miles

  • Glenn W. Levey Middle School

    0.89 miles

  • Saint Michael School

    0.93 miles

  • Woodmont Academy

    0.99 miles

  • Southfield High School

    1.06 miles

  • Laurus Academy

    1.20 miles

  • KinderCare

    2.86 miles

  • The Learning Experience

    3.70 miles

  • Country Hills Montessori

    3.70 miles

  • Tutor Time

    3.70 miles

  • Old Redford Pre-Kindergarten Academy

    3.96 miles

  • Creative Learning Children's College

    4.74 miles

  • Stepping Out On Faith Learning Center & Childcare

    5.21 miles

  • Harmony Montessori Center

    5.23 miles

  • Minto's Casa

    5.25 miles

  • Academy of Detroit-West

    5.36 miles

Frequently Asked Questions

What is the total square footage of Riverwood Research Center?

Riverwood Research Center totals 68,142 square feet.

When was this property built?

Riverwood Research Center was built in 1987.

When was Riverwood Research Center last sold?

Riverwood Research Center was last sold on 25 Mar, 2021.

What is the market value for Riverwood Research Center?

The market value* for Riverwood Research Center in 2022 was $6,177,940.
*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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