• Water Wheel Centre
  • Water Wheel Centre
  • Water Wheel Centre
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Water Wheel Centre Listing Details & Market Data

Off-Market

235 East Main Street, Northville, MI 48167

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  • Property Type Office - Creative Office
  • Property Size 74,456 SF
  • Lot Size 4.05 Acre
  • Parking Spaces Avail. 143
  • Parking Ratio 1.93/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 2005

Location

  • City Northville, MI
  • Neighborhood Northville
  • Zip Code 48167
  • 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 Price
  • Arm's Length True
  • Buyer Name

Mortgages

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

Market Trends

Average Actual Rents in Northville

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 Northville Office Market

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

  • 2020 Avg. Asking Rent $21.40
  • 2020 Office Vacancy Rate 4.19%
  • 2020 Office Completions (SF) 210,165

Tax

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