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7408 Metropolitan Pkwy

Off-Market

7408 Metropolitan Pkwy, Sterling Heights, MI 48312

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 200,000 SF
  • Lot Size 17.66 Acre
  • Parking Spaces Avail. 140
  • Parking Ratio 0.70 / 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class A
  • Year Built 2006

Location

  • Walk Score ® Car-Dependent (27)
  • Bike Score ® Somewhat Bikeable (31)
Powered by Walk Score ®
  • City Sterling Heights, MI
  • Neighborhood Sterling Heights
  • Zip Code 48312
  • Market Detroit

Points of Interest

Royal Oak

7.70 miles

Troy

8.10 miles

eVgo

1.31 miles

BP

3.53 miles

Blink

3.82 miles

BP

4.45 miles

BP

5.21 miles

Mobil

6.15 miles

Exxon

6.38 miles

Roseville, MI Supercharger

7.10 miles

Marathon

8.09 miles

Ferndale Public Library

8.72 miles

Parking Garage

2.82 miles

Parking Lot 5B

5.51 miles

Staff Parking Lot 5a

5.56 miles

Parking Lot 11

5.56 miles

Staff Parking Lot 9

5.66 miles

Staff Parking Lot 10a

5.71 miles

Parking Lot 6a

5.72 miles

for Chase Bank

8.52 miles

Lot 10

9.83 miles

hospital parking

9.88 miles

Mexico City Restaurant

2.04 miles

Little Caesars

2.57 miles

Sala Thai II

2.95 miles

Pizza Hut

4.17 miles

Passport Pizza

4.20 miles

Krispy Kreme

4.28 miles

KFC

4.92 miles

Checkers

5.00 miles

Taco Bell

5.57 miles

Wendy's

6.22 miles

Aldi

1.33 miles

The Shops at Sterling Ponds

1.59 miles

Shopping Center

1.88 miles

Big Lots

2.92 miles

Walmart Supercenter

3.77 miles

ALDI

4.16 miles

Oakland Mall

4.28 miles

Macy's

4.40 miles

Kohl's

4.46 miles

JCPenney

4.87 miles

Reno Chiropractic

1.39 miles

Optometry

1.40 miles

Family Dentistry

1.41 miles

Henry Ford Medical Center - Sterling Heights

2.14 miles

Polish Army Veterans Home

2.89 miles

Sterling Heights Fire Department

3.09 miles

Warren Police Department

3.48 miles

Walgreens

3.80 miles

Troy Fire and Police Training Center

4.24 miles

Behavioral Center of Michigan

4.32 miles

Contacts

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Owner

  • True Owner
  • Registered 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 17 Oct, 2014
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Sterling Heights

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 Sterling Heights Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $19.48
  • 2020 Office Vacancy Rate 5.71%
  • 2020 Office Completions (SF)
View more Sterling Heights market trends

Tax

  • Property Tax in 2022 $258,753
  • Market Value* $13,296,414
  • Assessed Value $13,296,414

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 7408 Metropolitan Pkwy?

7408 Metropolitan Pkwy totals 200,000 square feet.

When was this property built?

7408 Metropolitan Pkwy was built in 2006.

When was 7408 Metropolitan Pkwy last sold?

7408 Metropolitan Pkwy was last sold on 17 Oct, 2014.

What is the property tax for 7408 Metropolitan Pkwy?

The property tax for 7408 Metropolitan Pkwy in 2022 was $258,753.

What is the market value for 7408 Metropolitan Pkwy?

The market value* for 7408 Metropolitan Pkwy in 2022 was $13,296,414.
*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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