Building Details

Building Size 114,000 SF

Year Built 1985

Tenancy Multiple

Spaces For Lease

at 5555 New King Drive Contact us

Whole Building Available

Size

114,000 SF

Type

Office

Availability

Active

Contact us

Listing Agency: Friedman Real Estate Show Phone

Listed By: Robert Gagniuk · License #MI 6501371492

Source: Crexi

Added: Aug 3, 2020 Changed: Aug 13 Last Checked: Aug 20 at 9:41PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Friedman Real Estate

Investment Insights

Based on property information with market context.

This commercial real estate offers office spaces for rent. One space is currently available, ranging in size from 2,183 to 114,000 square feet. The property is located in Troy, Michigan.

Key Highlights

• Office space available.
• Size range from 2,183 SqFt to 114,000 SqFt.
• Built in 1985.

Property Analytics

Property Profile

Current Use

Gallagher-Kaiser Corporation Corporate Office Siemens Industry Automation Engineer Universal Piping Industries, ... Corporate Office

Suggested Use

Top Pick Dental Office Spa & Massage Center Nail Salon Restaurant Pharmacy Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$2.69 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

639

Businesses Nearby

Explore this area Business Placement

Demographics for 48098, MI

20,349

Population

7,828

Households

2.6

Avg Household Size

46

Median Age

77%

College-Educated

98%

High-School Grad

9.4 sq mi

ZIP Area

2,165

Density / Sq Mi

$165,781

Median Household Income

$83,298

Median Earnings

$1,720

Median Rent

$485,300

Median Home Value

Market

Lease Benchmarks for Troy, MI

$19.13 /SF/Yr

Avg Asking Price

$4.29–$35.53 /SF/Yr

Price Range

22,209 SF

Avg Space Size

This space is priced 6% below the average of $19.13 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this office units located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office units - Office space for rent in Troy, Michigan.

Where is this office units located?

The property is located at 5555 New King Drive Troy, MI.

What is the lease rate?

The lease rate is $17.95 SF/Yr.

What are key features of this property?

This property features: Office space available.; Size range from 2,183 SqFt to 114,000 SqFt.; Built in 1985.