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Summit Place 357-425 Summit Dr 2,419 - 90,435 SF of Space Available in Waterford, MI 48328
SPACE AVAILABILITY (4)
Display Rental Rate as
- SPACE
- SIZE
- CEILING
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste 373-377 | 25,671 SF | 14’ - 16’ | 3-5 Years | $11.06 CAD/SF/YR $0.92 CAD/SF/MO $283,921 CAD/YR $23,660 CAD/MO | Triple Net (NNN) | |
| 1st Floor, Ste 381 | 3,977 SF | 9’ | 3-5 Years | $11.06 CAD/SF/YR $0.92 CAD/SF/MO $43,986 CAD/YR $3,665 CAD/MO | Triple Net (NNN) | |
| 1st Floor, Ste 385 | 2,419 SF | 14’ - 16’ | 3-5 Years | $11.06 CAD/SF/YR $0.92 CAD/SF/MO $26,754 CAD/YR $2,230 CAD/MO | Triple Net (NNN) | |
| 1st Floor, Ste 415 | 58,368 SF | 18’ | 3-5 Years | $11.06 CAD/SF/YR $0.92 CAD/SF/MO $645,550 CAD/YR $53,796 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 373-377
Move-in ready opportunities available! Options include a fully built-out former dialysis center, a spacious open-plan former JoAnn Fabrics, and a large former grocery store box with 18’ clear ceiling height. Additional spaces are also available to suit in a range of needs. Zoned for retail, medical, services, fitness, and light industrial, the property offers excellent accessibility near M-59 and Telegraph Rd, featuring strong traffic counts and convenient highway connections.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Finished Ceilings: 14’ - 16’
1st Floor, Ste 381
Move-in ready opportunities available! Options include a fully built-out former dialysis center, a spacious open-plan former JoAnn Fabrics, and a large former grocery store box with 18’ clear ceiling height. Additional spaces are also available to suit in a range of needs. Zoned for retail, medical, services, fitness, and light industrial, the property offers excellent accessibility near M-59 and Telegraph Rd, featuring strong traffic counts and convenient highway connections.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Finished Ceilings: 9’
1st Floor, Ste 385
Move-in ready opportunities available! Options include a fully built-out former dialysis center, a spacious open-plan former JoAnn Fabrics, and a large former grocery store box with 18’ clear ceiling height. Additional spaces are also available to suit in a range of needs. Zoned for retail, medical, services, fitness, and light industrial, the property offers excellent accessibility near M-59 and Telegraph Rd, featuring strong traffic counts and convenient highway connections.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Office
- Office intensive layout
- Fits 7 - 20 People
- Finished Ceilings: 14’ - 16’
- Space is in Excellent Condition
- Located in-line with other retail
1st Floor, Ste 415
Move-in ready opportunities available! Options include a fully built-out former dialysis center, a spacious open-plan former JoAnn Fabrics, and a large former grocery store box with 18’ clear ceiling height. Additional spaces are also available to suit in a range of needs. Zoned for retail, medical, services, fitness, and light industrial, the property offers excellent accessibility near M-59 and Telegraph Rd, featuring strong traffic counts and convenient highway connections.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Office
- Office intensive layout
- Fits 146 - 467 People
- Finished Ceilings: 18’
- Space is in Excellent Condition
- Located in-line with other retail
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 SUMMIT PLACE
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Estate 48 Sales
- Retailer
- 1
- -
- Joann's Tailoring
- Laundry
- 1
- Local
- UWUA Local
- Administrative and Support Services
- 1
- -
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Estate 48 Sales | Retailer | 1 | - |
| Joann's Tailoring | Laundry | 1 | Local |
| UWUA Local | Administrative and Support Services | 1 | - |
PROPERTY FACTS
| Total Space Available | 90,435 SF | Total Land Area | 8.95 AC |
| Property Type | Retail | Year Built | 1989 |
| Gross Leasable Area | 106,252 SF | Parking Ratio | 3.25/1,000 SF |
| Total Space Available | 90,435 SF |
| Property Type | Retail |
| Gross Leasable Area | 106,252 SF |
| Total Land Area | 8.95 AC |
| Year Built | 1989 |
| Parking Ratio | 3.25/1,000 SF |
FEATURES AND AMENITIES
- Bus Line
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
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Summit Place | 357-425 Summit Dr
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