Office Medical

Woodville Commons - Toledo Clinic MOB

104 E Main St, Woodville, OH 43469

Listing Price: $750,040

Cap Rate
9.25%
Gross SF
8,362
Rentable SF
8,362
Price/Gross SF
$89.70
Year Built
1900
Lot Size
2.53 acres

Investment Overview

Marcus & Millichap is pleased to present The Woodville Commons building located at 104-110 East Main Street in Woodville, Ohio. This multi-tenant medical office building was built in 1900 and renovated in 2006. The property is currently 93.20 percent occupied by a diverse mix of medical office tenants. Over 50 percent of existing tenancy has at least four years of lease term remaining.

This office property offers a variety of services including family medicine, physical therapy, holistic medicine, as well as beauty and cosmetic services.

Dr. Heather Haynes specializes in family medicine and is part of The Toledo Clinic. Toledo Clinic occupies 33.5 percent of the GLA. Dr. Haynes is affiliated with multiple health systems in the area, including OhioHealth, Hardin Memorial Hospital, and ProMedica Memorial Hospital. Dr. Haynes is the only Family Practitioner in Woodville, Ohio.

Peak Physical Therapy, which occupies 46.6 percent of the GLA has been in this location since 2006. Peak Physical Therapy will be executing a new five-year NN lease at close of escrow. Peak Physical Therapy has a very specialized suite, which houses an indoor aquatic therapy pool. Aquatic therapy offers many advantages and benefits to individuals recovering from all phases of injury or illness from post-surgical, orthopedic, rheumatologic, neurological conditions to chronic pain.

Woodville, Ohio is situated 16 miles west of ProMedica Memorial Hospital in Fremont, Ohio and 17 miles southeast of Mercy-Health Perrysburg Hospital in Perrysburg, Ohio.

The building has strong visibility on East Main Street in downtown Woodville, which experiences in excess of 14,600 vehicles per day. The property is situated three miles from the Ohio Turnpike, which experiences in excess of 35,700 vehicles per day.

Woodville, Ohio is situated 20 miles Southeast of Toledo and features excellent demographics. Within a ten-mile radius, there are over 10,000 residents with an average household income exceeding $78,000. The market demographics are projected to increase over time.

The strategic location of this investment along with the strong in-place tenancy, with exceptional tenant buildouts will help to ensure the long-term viability and stability of this investment moving forward.

Investment Highlights

  • 93.2 Percent Occupied Center
  • 33.5 Percent of GLA Occupied by Toledo Clinic
  • Peak PT - Aquatic Indoor Pool

Exclusively Listed By

Office Medical

Woodville Commons - Toledo Clinic MOB

Listing Price: $750,040

Cap Rate
9.25%
Gross SF
8,362
Rentable SF
8,362
Price/Gross SF
$89.70
Year Built
1900
Lot Size
2.53 acres

Investment Highlights

  • 93.2 Percent Occupied Center
  • 33.5 Percent of GLA Occupied by Toledo Clinic
  • Peak PT - Aquatic Indoor Pool

Investment Overview

Marcus & Millichap is pleased to present The Woodville Commons building located at 104-110 East Main Street in Woodville, Ohio. This multi-tenant medical office building was built in 1900 and renovated in 2006. The property is currently 93.20 percent occupied by a diverse mix of medical office tenants. Over 50 percent of existing tenancy has at least four years of lease term remaining.

This office property offers a variety of services including family medicine, physical therapy, holistic medicine, as well as beauty and cosmetic services.

Dr. Heather Haynes specializes in family medicine and is part of The Toledo Clinic. Toledo Clinic occupies 33.5 percent of the GLA. Dr. Haynes is affiliated with multiple health systems in the area, including OhioHealth, Hardin Memorial Hospital, and ProMedica Memorial Hospital. Dr. Haynes is the only Family Practitioner in Woodville, Ohio.

Peak Physical Therapy, which occupies 46.6 percent of the GLA has been in this location since 2006. Peak Physical Therapy will be executing a new five-year NN lease at close of escrow. Peak Physical Therapy has a very specialized suite, which houses an indoor aquatic therapy pool. Aquatic therapy offers many advantages and benefits to individuals recovering from all phases of injury or illness from post-surgical, orthopedic, rheumatologic, neurological conditions to chronic pain.

Woodville, Ohio is situated 16 miles west of ProMedica Memorial Hospital in Fremont, Ohio and 17 miles southeast of Mercy-Health Perrysburg Hospital in Perrysburg, Ohio.

The building has strong visibility on East Main Street in downtown Woodville, which experiences in excess of 14,600 vehicles per day. The property is situated three miles from the Ohio Turnpike, which experiences in excess of 35,700 vehicles per day.

Woodville, Ohio is situated 20 miles Southeast of Toledo and features excellent demographics. Within a ten-mile radius, there are over 10,000 residents with an average household income exceeding $78,000. The market demographics are projected to increase over time.

The strategic location of this investment along with the strong in-place tenancy, with exceptional tenant buildouts will help to ensure the long-term viability and stability of this investment moving forward.

Exclusively Listed By

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