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    1960 Technology Dr Troy, MI 48083

    Sponsored
    For Lease
    $16 SF/Yr

    Modern Office Suites, 1,807-29,922 SF

    Lot size:
    83,822 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This three-story, 83,822 square foot Class B office building, situated on a five-acre lot in Oakland County's Troy Technology Park, offers flexible executive office and coworking spaces. Built in 1985 and renovated in 2005, the property features 10-foot ceilings, abundant natural light, and recently updated lobbies and common areas. Suites range from approximately 1,807 to 29,922 contiguous square feet, with a total of 37,079 square feet currently vacant. The building boasts a prominent façade and monument signage along John R or Industrial Drive, ensuring high visibility. Amenities include ample parking (3.77 spaces per 1000 square feet), fiber-optic internet connectivity, and a dedicated property management team. Its location offers easy access for employees and visitors, proximity to restaurants and entertainment, and is near major employers such as Magna Powertrain, LG Energy, and Rousch Industries. The property is zoned for office use (APN: 20-35-276-007) and offers competitive lease terms and incentives.

    Property Features for 1960 Technology Dr

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    83,822 SF
    Class
    B
    Total Rate
    118398.58

    Building Details

    Year Built/Renovated
    1985/2005
    Stories
    3

    Unit(s) available at that property

    Space
    Suite A110
    Size
    5,341 SF
    Rate per SF
    $16
    Space
    Suite A130
    Size
    1,807 SF
    Rate per SF
    $16
    Space
    Third Floor (Suites A300+A309)
    Size
    29,922 SF
    Rate per SF
    $16
    Space
    Suite A300
    Size
    17,257 SF
    Rate per SF
    $16
    Space
    Suite A309
    Size
    12,665 SF
    Rate per SF
    $16

    HighLights

    • 83,822 SF Class B office building in Troy Technology Park, Oakland County.
    • Multiple suites available, ranging from 1,807 SF to 29,922 SF contiguous.
    • Recently renovated lobbies and common areas.
    • 10' ceiling heights with abundant natural light.
    • Competitive lease terms and incentives available.
    • Prominent building signage and ample parking (3.77 spaces per 1000 SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Balluff Inc Automation Company VPS Business Management Consultant Native American Logistics Logistics Service LG Corporate Office LG Energy Solution ... Manufacturer

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1086815
    Latitude
    42.5431174

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    FAQs

    What type of property is this?
    Coworking space - Modern Office Suites, 1,807-29,922 SF
    Where is this coworking space located?
    The property is located at 1960 Technology Dr Troy, MI.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 83,822 SF Class B office building in Troy Technology Park, Oakland County.; Multiple suites available, ranging from 1,807 SF to 29,922 SF contiguous.; Recently renovated lobbies and common areas.
    Request Owner's contact information
    1960 Technology Dr Troy, MI 48083
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    Troy, MI 48083
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1960 Technology Dr Troy, MI 48083
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