Somerset Collection South

Off-Market

2801 West Big Beaver Road, Troy, MI 48084

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

  • Property Type Retail - Regional Mall
  • Property Size 224,766 SF
  • Lot Size 19 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1968

Contacts

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Owner

  • True Owner

Brokers

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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

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.

  • 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 ®

    48/100 Car-Dependent
  • Bike Score ®

    49/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Troy, MI
  • Neighborhood Troy
  • Zip Code 48084
  • Market Detroit

Points of Interest

  • Troy

    1.27 miles

  • Royal Oak

    5.24 miles

  • Pontiac

    7.48 miles

  • CDM Transport LLC

    9.95 miles

  • BP

    0.80 miles

  • Mobil

    1.21 miles

  • BP

    1.24 miles

  • Meijer

    1.45 miles

  • Mobil

    1.47 miles

  • Speedway

    1.71 miles

  • Mobil

    1.89 miles

  • Sunoco

    1.90 miles

  • BP

    1.93 miles

  • Shell

    1.95 miles

  • Somerset Parking Lot

    0.27 miles

  • SP Parking

    1.88 miles

  • North Parking Deck

    3.04 miles

  • Valet

    3.04 miles

  • West Parking Deck (Employee only)

    3.14 miles

  • (Employee only)

    3.19 miles

  • South Parking Deck

    3.29 miles

  • Employee and Student Parking (south)

    3.39 miles

  • Science Center Parking Garage

    3.49 miles

  • Car Pool Parking

    3.60 miles

  • P.F. Chang's

    0.00 miles

  • Brio

    0.05 miles

  • Chinatown

    0.16 miles

  • The Capital Grille

    0.17 miles

  • Sbarro

    0.17 miles

  • Shake Shack

    0.17 miles

  • J. Alexander's

    0.17 miles

  • Greens & Grains

    0.17 miles

  • Zoup!

    0.18 miles

  • Chick-fil-A

    0.18 miles

  • Somerset Collection South

    0.04 miles

  • Neiman Marcus

    0.06 miles

  • Saks Fifth Avenue

    0.10 miles

  • Amazon 4-star

    0.18 miles

  • Somerset Collection North

    0.19 miles

  • Macy's

    0.20 miles

  • Nordstrom

    0.23 miles

  • Hollywood Super Market

    0.84 miles

  • Whole Foods Market

    1.08 miles

  • Target

    1.12 miles

Frequently Asked Questions

What is the total square footage of Somerset Collection South?

Somerset Collection South totals 224,766 square feet.

When was this property built?

Somerset Collection South was built in 1968.

What is the market value for Somerset Collection South?

The market value* for Somerset Collection South in 2023 was $48,784,400.

*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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