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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 Sqft
  • 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

  • City Sterling Heights, MI
  • Neighborhood Sterling Heights
  • Zip Code 48312
  • Market Detroit

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 $14,900,000
  • Arm's Length
  • 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 (Sqft)
View more Sterling Heights market trends

Tax

  • Property Tax in 2021 $251,513
  • Market Value $12,910,428
  • Assessed Value $12,910,428

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

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 was the last purchase price for 7408 Metropolitan Pkwy?

7408 Metropolitan Pkwy was last sold for $14,900,000.

What is the property tax for 7408 Metropolitan Pkwy?

The property tax for 7408 Metropolitan Pkwy in 2021 was $251,513.

What is the market value for 7408 Metropolitan Pkwy?

The market value for 7408 Metropolitan Pkwy in 2021 was $12,910,428.

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