Flagstar Bank Headquarters

Off-Market

5151 Corporate Drive, Troy, MI 48098

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

  • Property Type Office - General Office
  • Property Size 331,412 SF
  • Lot Size 25.38 Acre
  • Parking Spaces Avail. 1822
  • Parking Ratio 5.50 / 1,000 SF
  • Property Tenancy Owner Occupied
  • Building Class A
  • Year Built 2000

Contacts

Find property contacts with verified and updated contact information on CommercialEdge: owners, building management, representatives from permits and tenants.

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
Unlock on CommercialEdge

This is a preview. The total list of tenants and suites, along with other lease information, for this property is available on CommercialEdge.

Brokers

Do you represent this property? Claim it!

List your spaces with ease and generate only verified leads with CommercialEdge Marketing.

Add listing for free

Documents

Access researched data with nationwide coverage on CommercialEdge: sales, mortgages, financials, title documents and more.

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
Unlock on CommercialEdge
Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
Unlock on CommercialEdge

Asking Rents in Troy Office Market

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

  • 2022 Avg. Asking Rent $20.14
  • 2022 Office Vacancy Rate 27.57%
  • 2022 Office Completions (SF)

Troy Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2022 Avg. Price per SF $97.30
  • Y-o-Y Avg. PpSF Change 13.32%
  • 2022 Office Sales Volume $141.4M
  • 2022 Number of Transactions 8
View more Troy market trends

Location

Getting Around

  • Walk Score ®

    21/100 Car-Dependent
  • Bike Score ®

    57/100 Bikeable
Powered by Walk Score ®
  • City Troy, MI
  • Neighborhood Troy
  • Zip Code 48098
  • Market Detroit

Points of Interest

  • Troy

    3.61 miles

  • Pontiac

    6.50 miles

  • Royal Oak

    7.37 miles

  • Mobil

    1.36 miles

  • Marathon

    1.58 miles

  • Kroger

    1.96 miles

  • Shell

    2.01 miles

  • BP

    2.27 miles

  • Kroger

    2.37 miles

  • Sunoco

    2.42 miles

  • Shell

    2.70 miles

  • BP

    2.76 miles

  • BP

    2.85 miles

  • Car Pool Parking

    1.99 miles

  • Somerset Parking Lot

    2.09 miles

  • Leach Road Trailhead Parking Lot

    3.46 miles

  • SP Parking

    3.75 miles

  • Science Center Parking Garage

    4.08 miles

  • Lot 7 Student and Visitor Parking

    4.25 miles

  • Lot 8 Staff and Disabled Parking

    4.27 miles

  • Lot 14 Student and Visitor Parking

    4.29 miles

  • Lot 6 Student and Visitor Parking

    4.29 miles

  • Lot 5 Staff Parking

    4.34 miles

  • Holiday Inn & Suites Detroit

    0.59 miles

  • Embassy Suites Hotel

    0.69 miles

  • Home2 Suites

    2.10 miles

  • Hilton Garden Inn

    2.17 miles

  • Home2 Suites by Hiton Troy

    2.17 miles

  • Hampton Inn & Suites

    2.18 miles

  • Somerset Inn

    2.35 miles

  • Detroit Marriott Troy

    2.45 miles

  • Drury Inn & Suites

    2.53 miles

  • Sonesta Simply Suites

    2.64 miles

  • Red Robin

    0.34 miles

  • Kerby's Koney Island

    0.37 miles

  • Shiromaru Sushi & Ramen

    0.38 miles

  • Papa Romano's Pizza & Mr. Pita

    0.39 miles

  • Jimmy John's

    0.39 miles

  • Cedar Grille

    0.39 miles

  • Chipotle

    0.43 miles

  • Panera Bread

    0.53 miles

  • Loccino Italian Grill and Bar

    0.66 miles

  • Breakaway Deli

    1.33 miles

  • Troy High School

    0.40 miles

  • Hamilton Elementary School

    0.53 miles

  • Michigan State University Management Education Center

    0.88 miles

  • Troy Preschool

    1.40 miles

  • Martell Elementary School

    1.55 miles

  • Boulan Park Middle School

    1.58 miles

  • Bemis Elementary School

    1.65 miles

  • Smith Middle School

    1.67 miles

  • Leonard Elementary School

    1.84 miles

  • Woodland Elementary School

    1.86 miles

  • The Learning Center

    0.58 miles

  • The Learning Experience - Troy

    0.58 miles

  • Boys & Girls Club of Troy

    3.75 miles

  • Gateway Country Day & Child Care Center

    4.56 miles

  • Bright Horizons at St. Joseph Mercy Hospital Oakland

    5.29 miles

  • Lowry Childcare Center

    5.64 miles

  • Bloomin' Kids Preschool at Conant

    6.21 miles

  • Green Garden Child Development Center

    7.25 miles

  • Harmony Montessori Center

    7.51 miles

  • Stepping Out On Faith Learning Center & Childcare

    7.72 miles

Frequently Asked Questions

What is the total square footage of Flagstar Bank Headquarters?

Flagstar Bank Headquarters totals 331,412 square feet.

When was this property built?

Flagstar Bank Headquarters was built in 2000.

What is the market value for Flagstar Bank Headquarters?

The market value* for Flagstar Bank Headquarters in 2023 was $24,636,700.
*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.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.