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39500 W 10 Mile Rd

Novi, MI
Floors
1
Total Size
21,810 sqft
Parking Ratio
175 (per 1000 SF)
Zoning
OS-1
Year Constructed
1985
Year Renovated
2013
Building Class
Class B

About 39500 W 10 Mile Rd

Hospital quality construction. Beaumont Hospital tenancy. 92% leased. Long term leases. 8.5% cap rate at $4.2 Mil. Highly expandable site. Great location with access to Ten Mile Road, Haggerty Road, I-275, I-696 and M-5 Automatic door entry. New roof in 2013, with warranty. Excess parking. All tenants have annual rent increases. Great upside potential. - Parking description: Abundant parking for medical users - Number of buildings: 1 - Class of space: Class B - Tenancy: Multiple Tenants

Companies at 39500 W 10 Mile Rd

Warren Vallerand DDS, MD Doctor Health
Family Care Physicians PC Dentist Health
Louis C Chiara MD Doctor Health
Harmony Acupuncture Doctor Health
Family Care Physicians PC: Sack Marshall B DO Doctor Health
William F Murray Medical Office: Murray William F MD Doctor Health
Lokar Orthodontics Dentist Health
Issam N. Mansour, DPM Doctor Health
Family Podiatrists Doctor Health
Novi/Milford Dermatology Doctor Health
Tyler Dumas Reyes Specialists in Orthodontics Dentist Health
Attention Deficit Disorder Doctor Health
Kimberly J. Schneider, DPT Physiotherapist Health
Lakeshore Home Health Care Health
Young, Dr. Sally S Doctor Health
Dr. James W. Crowl, MD Doctor Health
ATI Physical Therapy Novi Physiotherapist Health

Internet Providers for 39500 W 10 Mile Rd

Provider Technology Max Download Speed Max Upload Speed
Bright House Networks Cable
100 Mb/s
25 Mb/s
AT&T Michigan DSL
25 Mb/s
3 Mb/s
MegaPath Corporation Copper Wireline
6 Mb/s
6 Mb/s

The Neighborhood: Novi

The typical asking rate per listing is in the $10's per square foot per year. The Novi submarket is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 6% decline in rent.

Compared to the rest of the Metro Detroit market, the Novi submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.

Median Rate Median Size
Novi $21
/sqft/yr
4,000
sqft
Median Rate Median Size
Metro Detroit $21
/sqft/yr
2,530
sqft

Median Rate over Time in Novi