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Spirit Forge Professional Center

Off-Market

38283 Mound Road, Sterling Heights, MI 48310

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  • Property Type Office - Medical Office
  • Property Size 54,437 Sqft
  • Lot Size 5.53 Acre
  • Parking Spaces Avail. 303
  • Parking Ratio 5.57/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1999

Location

  • City Sterling Heights, MI
  • Neighborhood Sterling Heights
  • Zip Code 48310
  • 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 26 Dec, 2019
  • 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 $85,456
  • Market Value $3,349,377
  • Assessed Value $3,349,377

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

Frequently Asked Questions

What is the total square footage of Spirit Forge Professional Center?

Spirit Forge Professional Center totals 54,437 square feet.

When was this property built?

Spirit Forge Professional Center was built in 1999.

When was Spirit Forge Professional Center last sold?

Spirit Forge Professional Center was last sold on 26 Dec, 2019.

What is the property tax for Spirit Forge Professional Center?

The property tax for Spirit Forge Professional Center in 2021 was $85,456.

What is the market value for Spirit Forge Professional Center?

The market value for Spirit Forge Professional Center in 2021 was $3,349,377.

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