111 S Byrne Rd
Toledo, OH 43615
Scott Park
HIGHLIGHTS
- Long-term net leased investment occupied by New Concepts (Philio, Inc), a well established nonprofit organization
- Attractive 10.00% cap rate offering investors strong in-place cash flow backed by an established community-oriented tenant
- Lease structure includes approximately 1.5% annual rent increases, providing consistent income growth throughout the remaining lease term and options
- 10,840-square-foot facility is strategically positioned along Byrne Road within a densely populated Toledo corridor
- Surrounding market is supported by major regional employers and institutions including The University of Toledo, ProMedica, and Mercy Health
FOR SALE DETAILS
PRICE
$1,467,735 USD
PRICE/SF
$135 USD /SF
CAP RATE
10%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
New Concepts
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
1973
SPRINKLERS
-
PARKING SPACES
113
LAND DETAILS
LAND ACRES
1.83 AC
LAND SF
79,715 SF
ZONING
CR
APN/PARCEL ID
01-11017
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248-702-0288
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248-702-0288
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