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Office Warehouse

562 S Reynolds Rd

562 S Reynolds Rd, Toledo, OH 43615

Listing Price: $2,100,000

Cap Rate
7.01%
Gross SF
34,800
Price/Gross SF
$60.34
Lot Size
3.31 acres
Year Built
1988
Rentable SF
34,800

Investment Overview

The Doughty Industrial Group of Marcus & Millichap is pleased to present the sale offering of 562 South Reynolds Road, Toledo, Ohio, a multi-tenant industrial investment opportunity. The property is located on Reynolds Road, also known as US Route 20 which contains a traffic count of nearly 30,000 vehicles per day. Furthermore, this location provides tenants with immediate access to multiple interstates including I-475, I-90, I-75 and I-280. The subject property is 34,800-square-feet which is currently 100 percent occupied by three tenants. The units range from 10,000 (x2) to 14,800 square-feet. The Toledo MSA is a tight leasing market, containing an astounding vacancy rate of 1.1 percent within a five-mile radius of the subject property. The building includes five drive in doors which are all 14 feet high. The tenants currently operate on Modified Gross lease structures with expirations ranging from 2023 to 2025. The purchase of this offering presents an investor with opportunity to acquire a stable multi-tenant asset with replaceable leasing fundamentals. At the current list price of $2,100,000 the investment generates an in-place NOI of $147,232 which equates to a 7.01 percent capitalization rate.

Investment Highlights

  • Stabilized multi-tenant industrial investment offering
  • Contains replaceable unit sizes | 10,000- & 14,800-square-feet
  • Strong sub-market fundamentals | 1.1% vacancy rate within 5-mile radius

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Office Warehouse

562 S Reynolds Rd

Listing Price: $2,100,000

Cap Rate
7.01%
Gross SF
34,800
Price/Gross SF
$60.34
Lot Size
3.31 acres
Year Built
1988
Rentable SF
34,800

Investment Highlights

  • Stabilized multi-tenant industrial investment offering
  • Contains replaceable unit sizes | 10,000- & 14,800-square-feet
  • Strong sub-market fundamentals | 1.1% vacancy rate within 5-mile radius

Investment Overview

The Doughty Industrial Group of Marcus & Millichap is pleased to present the sale offering of 562 South Reynolds Road, Toledo, Ohio, a multi-tenant industrial investment opportunity. The property is located on Reynolds Road, also known as US Route 20 which contains a traffic count of nearly 30,000 vehicles per day. Furthermore, this location provides tenants with immediate access to multiple interstates including I-475, I-90, I-75 and I-280. The subject property is 34,800-square-feet which is currently 100 percent occupied by three tenants. The units range from 10,000 (x2) to 14,800 square-feet. The Toledo MSA is a tight leasing market, containing an astounding vacancy rate of 1.1 percent within a five-mile radius of the subject property. The building includes five drive in doors which are all 14 feet high. The tenants currently operate on Modified Gross lease structures with expirations ranging from 2023 to 2025. The purchase of this offering presents an investor with opportunity to acquire a stable multi-tenant asset with replaceable leasing fundamentals. At the current list price of $2,100,000 the investment generates an in-place NOI of $147,232 which equates to a 7.01 percent capitalization rate.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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