1015 New York Ave - Distribution FOR SALE


Toledo, OH 43611- Lagrange
$7,200,000 USD
419-473-5587
1015 New York Ave, Toledo, OH for Sale
$7,200,000 USD
Distribution - FOR SALE
1/24
null | Request Cap Rate

1015 New York Ave
Toledo, OH 43611
Lagrange


HIGHLIGHTS

  • 60,804 SF Cold Storage / Food Processing Facility
  • 700-Pallet Freezer Capacity (-10°F)
  • R-507A Refrigeration System
  • 3,000 Amp, 3-Phase Heavy Power
  • 4 Rail-Served Dock Positions — Watco Rail Spur

OVERVIEW

1015 New York Ave offers a freestanding, rail-served manufacturing and distribution building with substantial process infrastructure already in place, on a 6-acre site with 10 additional acres available for expansion. The property totals 60,804 SF of masonry construction with 26 ft clear height, located in Toledo's I-280 corridor in Lucas County. The building's most immediate advantage is throughput. It offers 27 dock doors, 9 of them with refrigeration, plus 4 rail-served doors on the Watco line. Buildings in this size class that combine that dock count with active rail service are uncommon in the Northwest Ohio market, and fewer still pair it with the power and plant systems in place here. LOCATION AND ACCESS The site sits in Toledo's established industrial corridor with direct access to I-280 and connections to I-75, I-80/90, and the Ohio Turnpike. Toledo Express Airport and the Port of Toledo are both within reach, and the location places the building within a day's drive of a significant share of the US and Canadian population. Rail service on the Watco line is active to the building itself, not simply available to the park. POWER AND UTILITIES The building is served by 3,000 amp, 3-phase electrical service, which supports manufacturing loads without requiring a utility upgrade. City water and sewer are in place. The water service merits specific attention. The building's tap is located on the 24 inch main running along the north side of New York Ave, confirmed with the City of Toledo engineering office, with supporting documentation available on request. For water-intensive operations, including food processing, closed-loop cooling for molding equipment, or any process with meaningful water demand, that tap represents capacity that is difficult, slow, and costly to secure at alternative sites. PROCESS INFRASTRUCTURE The plant systems in place represent significant capital and lead time relative to building new: 60 HP boiler capacity for hot water and steam Two 200 HP air compressors Glycol water chiller system for product mix temperature control Two 55-ton pneumatic silos, epoxy-coated steel, with bag houses on top and sifters inside Wet and dry sprinkler systems throughout The pneumatic silos and associated bulk material handling are a defining feature of this building. They support dry ingredient receiving and conveying for food and bakery operations, and they are equally suited to bulk resin feed for plastic injection molding. Combined with 3,000 amp service, compressed air, and glycol cooling, the building presents a credible platform for a molding operation without the multi-year timeline of a ground-up build. REFRIGERATION AND COLD CHAIN R-507A refrigeration serves the freezer and refrigerated dock, approximately 12,519 SF combined, including a 700-pallet freezer operating at -10F. Nine of the 27 dock positions are refrigerated, supporting temperature-controlled loading and unloading. The 3,600 SF cooler is an insulated envelope with no refrigeration system currently in place, offering a cost-effective path to added capacity for a user who needs it. INTERIOR CONFIGURATION Dry storage: 26,261 SF Dry storage and shipping: 11,920 SF Freezer: 7,776 SF Freezer and refrigerated dock: 4,743 SF Cooler envelope (insulated, no refrigeration in place): 3,600 SF Office: 4,176 SF Operations office: 528 SF The office is finished and in good condition across two levels, with multiple building entrances and an operations office positioned for floor supervision. The roof is in good condition. EXPANSION LAND The 10 additional acres available for expansion give a buyer flexibility that most infill industrial sites cannot offer: building expansion, trailer and container storage, additional yard, or truck parking. In a market where trailer parking and yard space are increasingly constrained, that land carries value independent of the building. USE FLEXIBILITY The property qualifies for a wide range of operators, which broadens the buyer and tenant pool and reduces re-tenanting risk: Manufacturing and light industrial Distribution and warehousing Third-party logistics Food processing and bakery Plastic injection molding Cold storage and temperature-controlled distribution That range is a function of real infrastructure rather than zoning alone. The combination of heavy power, rail, dock count, bulk handling, refrigeration, boiler, and compressed air means the building can serve markedly different tenant profiles without wholesale reconfiguration. TERMS Offered for sale at $7,200,000 or for lease at $10.00/SF NNN, accommodating both owner-user acquisition and lease-based occupancy strategies. Full offering package, floor plans, and equipment detail are available on request. Tours can be arranged with reasonable notice.

FOR SALE DETAILS

PRICE

$7,200,000 USD

PRICE/SF

$118 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

ADD'L SUBTYPES

Food Processing, Manufacturing, Refrigeration/Cold Storage

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

UTILITIES

Lighting - Metal Halide, Gas, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

26 Ft

DOCKS

27

DRIVE INS

2

PARKING SPACES

80

LAND DETAILS

LAND ACRES

16

LAND SF

696,960

ZONING

IG - General Industrial

APN/PARCEL ID

11-19391

ASK ABOUT THIS PROPERTY

Christopher MarkhoIndustrial Property BrokersMore Info
419-473-5587

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Christopher MarkhoIndustrial Property BrokersMore Info
419-473-5587

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.