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

Location

Getting Around

  • Walk Score ® 50/100 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

Marathon

4.00 miles

Speedway

5.21 miles

Shell

5.71 miles

Sunoco

7.00 miles

Ferndale Public Library

7.38 miles

eVgo

7.90 miles

Mobil

8.28 miles

BP

8.60 miles

Blink

8.76 miles

Sunoco

8.92 miles

Employee and Student Parking (south)

3.39 miles

Lafayette Avenue Parking Structure

5.28 miles

Visitor Parking

5.95 miles

Woodward Parking Lot

5.98 miles

Town Center Parking

6.45 miles

Parking Lot E

6.71 miles

Lot 25

6.73 miles

Phoenix Center

7.52 miles

P39

7.75 miles

Parking for Health Club

8.98 miles

Greens & Grains

0.17 miles

Market North End

1.84 miles

White Castle

3.86 miles

The Lunch Cafe

3.95 miles

Little Caesars

4.16 miles

New York Burgers and Grill

4.23 miles

Einstein Bros. Bagels

4.87 miles

Alibi of Troy

4.90 miles

KouZina

5.20 miles

Small Plates

5.38 miles

Somerset Collection South

0.04 miles

Macy's

0.20 miles

Nordstrom

0.23 miles

Hollywood Super Market

0.84 miles

Marshalls

1.19 miles

Sunset Plaza Shopping Center

2.94 miles

Market Fresh

3.57 miles

Macy's

3.90 miles

JCPenney

3.97 miles

Oakland Mall

4.02 miles

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
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.

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

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 2022 was $54,715,300.
*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.

Tax

  • Market Value* $54,715,300
  • Assessed Value $54,715,300

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

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

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