1660 Indian Wood Cir - Office FOR SALE


Maumee, OH 43537
$8,235,000 USD
507-951-2960
1660 Indian Wood Cir, Maumee, OH for Sale
$8,235,000 USD
Office - FOR SALE
1/2
null | 6% Cap Rate

1660 Indian Wood Cir
Maumee, OH 43537


HIGHLIGHTS

  • Mission Critical Research and Development Site.
  • Danfoss is a World Leader in Innovative Technology With 9.7 Billion Euros in 2024 Sales & EBIDTA of 11.3%.
  • This Site was Part of Danfoss' $3.3 Billion Acquisition of Eaton's Hydraulic Business in 2021.
  • Recent Lease Extension With Rent Increase Demonstrates Tenant Long-term Commitment to the Site.
  • Danfoss Has Doubled in Size in the Last Five Years With a Strong Presence in the Americas, Europe and Asia - Per 2024 Annual Report.
  • Subject Property is Adjacent to Danfoss Training Center (not included).

OVERVIEW

Marcus & Millichap is pleased to present this Danfoss Hydraulics property in Maumee, Ohio site for sale. Subject property is a first class research and development site for Danfoss, a world leading Danish company founded in 1933. Danfoss, a company with 9.7 Billion Euros in revenue in 2024, is known for engineering and manufacturing solutions for hydraulics, refrigeration, heating, air conditioning, motor control and more. Danfoss engineers solutions that increase machine productivity, reduce emissions, lower energy consumption and enable electrification. Danfoss acquired the previous tenant, Eaton, in 2021 in a $3.3 Billion acquisition, which doubled Danfoss's hydraulics division. Danfoss recently extended the lease for five years demonstrating their commitment to the site and it's mission critical value to their continued growth. The subject property is located in strong industrial park with many high end corporate tenants. It is also strategically located adjacent to a strong retail corridor as well as being just off interstate 90. In addition the subject property is directly adjacent to the Danfoss Training Center which is not included in the sale.

FOR SALE DETAILS

PRICE

$8,235,000 USD

PRICE/SF

$265 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

59

LAND DETAILS

LAND ACRES

2.94 AC

LAND SF

128,066 SF

ZONING

C-M

APN/PARCEL ID

36-40829

ASK ABOUT THIS PROPERTY

Tom GommelsMarcus & MillichapMore Info
507-951-2960

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Tom GommelsMarcus & MillichapMore Info
507-951-2960

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