447 Hamilton St - Light Distribution FOR SALE


Toledo, OH 43604- ONYX
$994,500 USD
248-702-0288
447 Hamilton St, Toledo, OH for Sale
$994,500 USD
Light Distribution - FOR SALE
1/24
null | 12.5% Cap Rate

447 Hamilton St
Toledo, OH 43604
ONYX


HIGHLIGHTS

  • Property has been Managed for 3 Years by Absentee Owners that are Ready to Sell - Price/Square Foot will be a Fraction of Replacement Cost
  • Mixed-Use: Office, Warehouse, Distribution, Heavy to Light Manufacturing
  • Comprised of Three Buildings Totaling Over 200,000 SF and Two Parking Lots | Both Parking Lots are Fenced and Secure
  • 135,000+/- SF Vacancy Provides Upside - Flex Office, Warehousing, Storage, Manufacturing, Potentially Loft/Apartments (2nd Floor)
  • 135,000+/- SF Vacancy Provides Upside - Flex Office, Warehousing, Storage, Manufacturing, Potentially Loft/Apartments (2nd Floor)
  • Three Vacant Residential Lots Included - The Lucas County Housing Authority bought the Entire Block Except these Three Lots

OVERVIEW

3-BUILDING INVESTMENT AT 2% OF REPLACEMENT COST $4.89 Per Square Foot | In Place 12.50% Cap Rate | 135,000 SF of Upside

FOR SALE DETAILS

PRICE

$994,500 USD

PRICE/SF

$5 USD /SF

CAP RATE

12.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Hamilton Building

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1885

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

186

LAND DETAILS

LAND ACRES

9.4

LAND SF

409,464

ZONING

C-49

APN/PARCEL ID

07-01027,09-57201,09-57211,09-57217,15-01231

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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