2450 Austin Drive

Off-Market

2450 Austin Drive, Troy, MI 48083

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

  • Property Type Industrial - Manufacturing
  • Property Size 100,897 SF
  • Lot Size 17 Acre
  • Parking Spaces Avail. 80
  • Parking Ratio 0.80 / 1,000 SF
  • Property Tenancy Owner Occupied
  • Building Class C
  • Year Built 1981

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 Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Troy

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 Troy Office Market

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

  • 2021 Avg. Asking Rent $21.25
  • 2021 Office Vacancy Rate 27.76%
  • 2021 Office Completions (SF)
View more Troy market trends

Location

Getting Around

  • Walk Score ®

    24/100 Car-Dependent
  • Bike Score ®

    29/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Troy, MI
  • Neighborhood Troy
  • Zip Code 48083
  • Market Detroit

Points of Interest

  • Troy

    3.85 miles

  • Royal Oak

    5.01 miles

  • Speedway

    0.64 miles

  • Shell

    0.67 miles

  • Shell

    0.67 miles

  • Sunoco

    0.70 miles

  • Marathon

    0.84 miles

  • BP

    0.84 miles

  • Sunoco

    0.88 miles

  • Speedway

    1.01 miles

  • BP

    1.07 miles

  • Shell

    1.40 miles

  • Somerset Parking Lot

    3.36 miles

  • QPark

    4.25 miles

  • North Parking Deck

    4.70 miles

  • Valet

    4.75 miles

  • Main North Garage

    4.83 miles

  • South Parking Deck

    4.90 miles

  • West Parking Deck (Employee only)

    4.91 miles

  • (Employee only)

    4.94 miles

  • Parking Garage

    4.97 miles

  • Employee and Student Parking (south)

    4.98 miles

  • Smashburger

    0.49 miles

  • Joe Kool's

    0.54 miles

  • Olga's Kitchen

    0.56 miles

  • Buffalo Wild Wings

    0.58 miles

  • Insalata

    0.61 miles

  • Einstein Bros. Bagels

    0.61 miles

  • White Castle

    0.62 miles

  • Mon Jin Lau

    0.62 miles

  • Burger King

    0.63 miles

  • 2Booli

    0.64 miles

  • Kroger

    0.64 miles

  • JCPenney

    1.39 miles

  • Macy's

    1.49 miles

  • Oakland Mall

    1.51 miles

  • Gordon Food Service

    1.51 miles

  • H Mart

    1.52 miles

  • Aldi

    1.54 miles

  • Polish Cultural Center

    1.59 miles

  • Polish Market

    1.66 miles

  • Target

    1.74 miles

  • CVS Pharmacy

    0.56 miles

  • Troy Fire Station 1

    0.57 miles

  • Walgreens

    0.64 miles

  • Rite Aid

    1.43 miles

  • Henry Ford Medical Center - Troy

    1.54 miles

  • Children's Hospital of Michigan Troy

    1.80 miles

  • CVS Pharmacy

    1.84 miles

  • AccelerateKID

    1.84 miles

  • Troy Police Department Administration

    1.93 miles

  • Clawson Police

    2.08 miles

Frequently Asked Questions

What is the total square footage of 2450 Austin Drive?

2450 Austin Drive totals 100,897 square feet.

When was this property built?

2450 Austin Drive was built in 1981.

What is the market value for 2450 Austin Drive?

The market value* for 2450 Austin Drive in 2022 was $7,871,900.
*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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