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32364-32376 Woodward Ave 1,600 SF of Office Space Available in Royal Oak, MI 48073
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,600 SF | 3 Years | $25.00 /SF/YR $2.08 /SF/MO $40,000 /YR $3,333 /MO | Triple Net (NNN) |
1st Floor
32376 & 32364 WOODWARD AVE. IS COMING AVAILABLE AFTER 10 YEARS. GREAT LOCATION FOR OFFICE SPACE OR RETAIL. ADDITIONAL PARKING LOT IN BACK WITH GREAT VISIBILITY ALONG WOODWARD AVE, CLOSE TO DOWNTOWN BIRMINGHAM. FEEL FREE TO REACH OUT TO ME, BUT PLEASE DON'T DISRUPT THE TENANT. TRIPLE NNN LEASE. TAXES ARE $535.12/MONTH AND INSURANCE, PARKING LOT MAINTENANCE/SNOW REMOVAL $70.76/MONTH FOR A TOTAL NNN OF $605.87/MONTH. ALL UTILITIES ARE SEPARATELY METERED AND A TENANT EXPENSE. $25/SF X 1600SF = $3,333.33 BASE RENT/MONTH, PLUS NNN OF $605.87 FOR A TOTAL/MONTH OF $3,939.20. 3% ANNUAL INCREASES MINIMUM 3 YEAR LEASE SPACE IN AS-IS CONDITION LEASE EXPENSIVE SPACE ALONG THE WOODWARD CORRIDOR, WON'T LAST LONG.
- Lease rate does not include utilities, property expenses or building services
- Fits 1 - 11111 People
- PARKING LOT, GREAT LOCATION
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 32364-32376 Woodward Ave, Royal Oak, MI 48073
- Tenant
- Description
- US Locations
- Reach
- Classic Book Shop
- Books
- 1
- -
- Edward Jones
- Investment Service
- 17,086
- International
- Salon Cardon
- Services
- 1
- -
| Tenant | Description | US Locations | Reach |
| Classic Book Shop | Books | 1 | - |
| Edward Jones | Investment Service | 17,086 | International |
| Salon Cardon | Services | 1 | - |
Property Facts
| Total Space Available | 1,600 SF | Gross Leasable Area | 1,600 SF |
| Property Type | Retail | Year Built | 1950 |
| Property Subtype | Storefront | Parking Ratio | 3.75/1,000 SF |
| Total Space Available | 1,600 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 1,600 SF |
| Year Built | 1950 |
| Parking Ratio | 3.75/1,000 SF |
Features and Amenities
- Bus Line
- Signage
Nearby Major Retailers
Contact the Leasing Agent
32364-32376 Woodward Ave