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Troy Corporate Center - 840 West Long Lake Road

Off-Market

840 West Long Lake Road, Troy, MI 48098

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  • Property Type Office - General Office
  • Property Size 195,269 SF
  • Lot Size 1.4 Acre
  • Parking Spaces Avail. 814
  • Parking Ratio 4.17/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 1998

Location

  • City Troy, MI
  • Neighborhood Troy
  • Zip Code 48098
  • Market Detroit

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 06 Nov, 2014
  • 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.

  • 2020 Avg. Asking Rent $21.61
  • 2020 Office Vacancy Rate 21.54%
  • 2020 Office Completions (SF)
View more Troy market trends

Tax

  • Market Value* $23,921,720
  • Assessed Value $23,921,720

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.

Frequently Asked Questions

What is the total square footage of Troy Corporate Center - 840 West Long Lake Road?

Troy Corporate Center - 840 West Long Lake Road totals 195,269 square feet.

When was this property built?

Troy Corporate Center - 840 West Long Lake Road was built in 1998.

When was Troy Corporate Center - 840 West Long Lake Road last sold?

Troy Corporate Center - 840 West Long Lake Road was last sold on 06 Nov, 2014.

What is the market value for Troy Corporate Center - 840 West Long Lake Road?

The market value* for Troy Corporate Center - 840 West Long Lake Road in 2021 was $23,921,720.
*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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