Troy Concept Center - 150 Stephenson Hwy

Off-Market

150 Stephenson Hwy, Troy, MI 48083

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  • Property Type Office - General Office
  • Property Size 103,253 SF
  • Lot Size 5.47 Acre
  • Parking Spaces Avail. 309
  • Parking Ratio 3.00 / 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class A
  • Year Built 2000

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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Documents

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Sales

  • Purchase Date 09 Mar, 2018
  • 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.

  • 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 ®

    67/100 Somewhat Walkable
  • Bike Score ®

    46/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Troy, MI
  • Neighborhood Troy
  • Zip Code 48083
  • Market Detroit

Points of Interest

  • Royal Oak

    3.48 miles

  • Troy

    3.73 miles

  • CDM Transport LLC

    8.90 miles

  • Mobil

    0.14 miles

  • Amoco

    0.57 miles

  • Mobil

    0.61 miles

  • Citgo

    0.87 miles

  • Sunoco

    0.89 miles

  • Sunoco

    0.98 miles

  • Marathon

    1.02 miles

  • Shell

    1.03 miles

  • Sam's Club

    1.09 miles

  • BP

    1.12 miles

  • Main North Garage

    3.28 miles

  • Lafayette Avenue Parking Structure

    3.56 miles

  • Somerset Parking Lot

    3.90 miles

  • North Parking Deck

    3.91 miles

  • Valet

    3.98 miles

  • South Parking Deck

    4.06 miles

  • Employee and Student Parking (south)

    4.11 miles

  • West Parking Deck (Employee only)

    4.13 miles

  • (Employee only)

    4.14 miles

  • Student Parking

    4.15 miles

  • Fairfield Inn & Suites Detroit Troy

    0.14 miles

  • Baymont by Wyndham Madison Heights Detroit Area

    0.15 miles

  • TownePlace Suites Detroit Troy

    0.15 miles

  • Holiday Inn Express and Suites

    0.20 miles

  • Extended Stay America - Detroit - Madison Heights

    0.20 miles

  • Rodeway Inn

    0.23 miles

  • Residence Inn by Marriott Detroit Troy/Madison Heights

    0.25 miles

  • Days Inn & Suites by Wyndham Madison Heights MI

    0.27 miles

  • Hampton Inn Detroit/Madison Heights/South Troy

    0.33 miles

  • Tru by Hilton Troy Detroit

    1.02 miles

  • Twin Peaks

    0.11 miles

  • McDonald's

    0.16 miles

  • New York Red Hots Coney Island

    0.16 miles

  • Applebee's

    0.19 miles

  • Bob Evans

    0.33 miles

  • Steak 'n Shake

    0.33 miles

  • Chili's

    0.37 miles

  • Outback Steakhouse

    0.39 miles

  • Grand Azteca

    0.45 miles

  • Krispy Kreme

    0.48 miles

  • Troy Career Center

    0.34 miles

  • Lamphere High School

    0.75 miles

  • Guardian Angels School

    1.07 miles

  • Plain English CRM Solutions

    1.12 miles

  • Lessenger Elementary School

    1.45 miles

  • Oakridge School

    1.48 miles

  • Hiller Elementary School

    1.49 miles

  • Clawson High School

    1.52 miles

  • Clawson Middle School

    1.54 miles

  • Morse Elementary School

    1.72 miles

  • Gateway Country Day & Child Care Center

    1.12 miles

  • Boys & Girls Club of Troy

    2.73 miles

  • Green Garden Child Development Center

    4.07 miles

  • Harmony Montessori Center

    4.77 miles

  • Stepping Out On Faith Learning Center & Childcare

    4.91 miles

  • Small Wonders

    4.96 miles

  • Early Childhood Center

    5.15 miles

  • The Learning Center

    5.33 miles

  • The Learning Experience - Troy

    5.33 miles

  • Nature's Playhouse

    5.83 miles

Frequently Asked Questions

What is the total square footage of Troy Concept Center - 150 Stephenson Hwy?

Troy Concept Center - 150 Stephenson Hwy totals 103,253 square feet.

When was this property built?

Troy Concept Center - 150 Stephenson Hwy was built in 2000.

When was Troy Concept Center - 150 Stephenson Hwy last sold?

Troy Concept Center - 150 Stephenson Hwy was last sold on 09 Mar, 2018.

What is the market value for Troy Concept Center - 150 Stephenson Hwy?

The market value* for Troy Concept Center - 150 Stephenson Hwy in 2023 was $9,810,360.
*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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