4646 Nantucket Dr - Medical FOR SALE


Toledo, OH 43623- Franklin Park
$5,975,000 USD
419-450-6854
4646 Nantucket Dr, Toledo, OH for Sale
$5,975,000 USD
Medical - FOR SALE
1/10
null | 7.18% Cap Rate

4646 Nantucket Dr
Toledo, OH 43623
Franklin Park


HIGHLIGHTS

  • 100% Leased, Approximately 7.9-Year Weighted Average Lease Term (WALT)
  • Harbor Light Oral & Maxillofacial Surgeons occupies 57% of the building under a new 10-year NNN lease through 2036
  • Only approximately 9.6% of the building’s rentable area expires before 2030, providing exceptional income stability and minimizing leasing risk.
  • Combination of NNN and expense-protected leases designed to mitigate inflationary operating costs
  • Recent capital improvements including a new roof (2026)
  • Original, current Toledo based Regional Bank provided financing from inception would be interested in providing financing for new owner acquisition

OVERVIEW

100% Leased Medical Office Investment | 7.9-Year WALT | Long-Term Healthcare Tenancy Equity Mill Real Estate is pleased to exclusively offer Nantuckett Professional Plaza, a premier multi-tenant medical office investment located in one of Toledo’s most established healthcare corridors. The 20,371-square-foot property is 100% occupied by four established medical and professional tenants and provides investors with durable contractual income supported by an approximately 7.9-year weighted average lease term. Only approximately 9.6% of the building’s rentable area expires before 2030, providing exceptional income stability and minimizing leasing risk. Original and current Toledo based Regional Bank that has provided financing from inception, would be interested in continuing on and providing financing for an acquisition to a new owner. The property is anchored by Harbor Light Oral & Maxillofacial Surgeons, a long-established specialty practice occupying approximately 57% of the building under a recently executed 10-year triple-net lease extending through 2036. Additional tenants include The Toledo Clinic, Dental365, and Edward Jones, creating a diversified rent roll with limited near-term rollover exposure. Originally developed in 2004 and continually maintained, the property has benefited from significant ownership investment, including a new roof completed in 2026 and ongoing capital improvements designed to reduce future ownership costs. Approximately 92% of the building is configured as medical office space, creating substantial replacement value and high tenant retention characteristics. Located adjacent to the Franklin Park retail corridor and within minutes of Toledo Hospital, Mercy Health–St. Anne Hospital, Flower Hospital, and numerous healthcare providers, Nantuckett Professional Plaza occupies one of Northwest Ohio’s strongest suburban medical office locations. This offering presents investors with an opportunity to acquire an institutional-quality medical office asset featuring long-term leases, stable healthcare tenancy, predictable income, and limited leasing risk. Investment Highlights • Asking Price: $5,975,000 • 20,371 SF Class A Medical/Professional Office Building • 100% Leased • Four Medical & Professional Tenants • Approximately 7.9-Year Weighted Average Lease Term (WALT) • Original and current Toledo based Regional Bank that has provided financing from inception, would be interested in continuing on and providing financing for an acquisition to a new owner. • Harbor Light Oral & Maxillofacial Surgeons occupies 57% of the building under a new 10-year NNN lease through 2036 • Diverse tenant roster including Harbor Light Oral & Maxillofacial Surgeons, The Toledo Clinic, Dental365 and Edward Jones • Limited near-term lease rollover with only approximately 10% of rentable area expiring prior to 2030 • Combination of NNN and expense-protected leases designed to mitigate inflationary operating costs • Recent capital improvements including a new roof (2026) • Approximately 110 parking spaces situated on 2.72 acres • Excellent visibility and access within Toledo’s premier suburban medical corridor • Minutes from Toledo Hospital, Mercy Health–St. Anne Hospital, Flower Hospital and the Franklin Park retail district • Ideal opportunity for private investors, family offices and 1031 exchange buyers seeking stable long-term income. Medical Office Investment Medical Office Building MOB for Sale Toledo Medical Office Toledo Investment Property Net Lease Investment Healthcare Real Estate Dental Office Investment Medical Office Portfolio 1031 Exchange Cash Flow Investment Stabilized Investment Professional Office Building Northwest Ohio Medical Office Medical Office Asset

FOR SALE DETAILS

PRICE

$5,975,000 USD

PRICE/SF

$293 USD /SF

CAP RATE

7.18%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Nantucket Professional Plaza

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

115

LAND DETAILS

LAND ACRES

3 AC

LAND SF

130,680 SF

ZONING

C-2

APN/PARCEL ID

24-43764

ASK ABOUT THIS PROPERTY

Jeremy MillerEquity Mill Real EstateMore Info
419-450-6854

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Jeremy MillerEquity Mill Real EstateMore Info
419-450-6854

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