Toledo, OH Industrial Property For Sale

•Corner lot

•Roof replaced – 10 years ago (per owner)

•Currently, building is used as a contractor’s shop/office.

•Paved lot in rear of building.

•Parts of sidewalk replaced in 2024.

•Less than a mile from Toledo Hospital.

•½ mile to I-475 on/off ramp.

• Over 700 sf of frontage on I-75.

• Building expandable to 100,000 sf ±.

Former cross dock building.

12,600 square foot crossdock

9,000 square foot drive through bay in main building with 14’ doors.

4,200 square foot truck maintenance building with 16’ doors.

Paint booth – 25’ x 16’

2 air compressors.

All dimensions taken from Lucas County Auditor's office.

Property Breakdown:

2 Self-Storage buildings and1 Industrial building

Number of Units: 35 indoor & 30 outdoor units

Number of Floors: One story

Square Footage: Self-Storage Bldg. 1 – 3,775 sf

Self-Storage Bldg. 2 – 3,775 sf

Total – 7,550 sf

Industrial Bldg. – 4,000 sf

Year Built: 1996/1998

Renovation: 2024 – interior renovated (industrial building)

INVESTMENT HIGHLIGHTS

▪Single tenant NNN investment and self-storage units.

▪ Guarantor is publicly traded company. NASDAQ KCR

▪ Konecranes has been a tenant at this location since early 2000’s. Brand new 5-year lease with Konecranes executed 02/01/2024.

PROFORMA

NOI: $85,800 Cap Rate: 8.25%

•Truck maintenance facility with fenced lot.

• On heavy haul route.

• 10,000-gallon tank available for lease.

•Available suites are suite 200 and suite 300 which are adjacent. Suites may be combined.

Building is leased on a MTM basis to Klosterman Bakery. Tenant pays $2,100/month + utilities, insurance and maintenance. Landlord pays real estate taxes.

Office area includes two offices, open area for workstations, two restrooms and a storage room.

Crossdock facility.

Shared access easement into the northern lot with adjacent property owner. Secured with chainlink fence and gate.

Heavy outdoor storage component.

Newer electrical and roof (black membrane section). The white rubber membrane section of roof is in fair condition.

Skylights in need of repair.

1.5 miles to on/off ramp to I-75/ I-475.

(3) separate office space areas with restrooms & breakrooms

Fire suppression system throughout

Hot or cold storage bays 75’ x 520’

Full bay lighting with skylights

Truck maintenance pit

Additional fenced-in parking area across Albion Street.

Located within historic Vistula District.

Phase I &II completed for both parcels.

Entertainment district. Liquor licenses currently available.

Located in Opportunity Zone. www.opportunitydb.com/cities/Toledo-ohio/

Potentially eligible for numerous municipal grants, including façade, white box and CRA tax abatement, etc. https://toledo.oh.gov/business/how-to-do-business-in-the-city/incentive-programs/community-reinvestment-area

Property Highlights

Incredibly clean former medical space

2 step vestibule entrance

Multiple restrooms, showers and locker areas

Large parking lot front. Gated/secured parking in rear and dock areas

Multiple docks, drive up doors

Wet Fire Suppression System

Seller has engaged contractor to return space to warehouse as pictured on page 9

12,000 SF upgraded office space

LED lighting in main building.

Skylights in main building.

Drop ceilings in office area.

5,000 square foot warehouse has Co-Ray-Vac heating, electric baseboard heaters in restrooms and ceiling fans.

- 3,775 SF of clean office space

- Four 10ʼ overhead doors

- One acre of fenced, secure parking/storage

- Three dock doors

- 208/480V Power

- Fully sprinklered

- 12ʼ 10” clear ceiling height

- Block and steel structure

- Block exterior walls

- Annual real estate taxes = $21,852.04

- Utilities: Electric - Toledo Edison; Gas - Columbia Gas; - Sanitary Sewer - City of

- Toledo; Storm Sewer - City of Toledo; Water - City of Toledo