501 Phillips Ave - Manufacturing FOR SALE


Toledo, OH 43612- Five Points
$2,900,000 USD
512-856-7596
501 Phillips Ave, Toledo, OH for Sale
$2,900,000 USD
Manufacturing - FOR SALE
1/5
null | 7.15% Cap Rate

501 Phillips Ave
Toledo, OH 43612
Five Points


HIGHLIGHTS

  • Echo Electric is a subsidiary and affiliate brand of Sonepar USA. Sonepar operates a network of more than 490 branches across North America.
  • The property is secured by a passive ~6-year Industrial Triple Net (NNN) Lease that minimizes landlord responsibilities.
  • The tenant has operated from this facility since 2001 and recently executed an early 5-year lease extension.
  • The property is strategically positioned with convenient access to both U.S. Route 24 and I-75.
  • This is the only Sonepar branch serving the greater Toledo market, with the next closest locations in Ann Arbor, MI (37+ miles north).
  • The property features excess yard space that supports Industrial Outdoor Storage (IOS).

OVERVIEW

We are pleased to exclusively offer for sale the 24,378 SF Sonepar (Echo Electric) facility located at 501 Phillips Ave in Toledo, OH. Sonepar, one of the largest electrical distributors in North America, has operated out of this facility for nearly 25 years and just recently extended its lease early. Secured by a passive ~6-year Industrial Triple Net (NNN) Lease with 2.5% annual increases, this is a great opportunity for investors looking for a reliable long-term investment with minimal landlord responsibilities and built in rent growth to help hedge inflation. In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$119 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sonepar (Echo Electric) - Toledo, OH

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

Distribution, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

1

DRIVE INS

3

PARKING SPACES

64

LAND DETAILS

LAND ACRES

2.5

LAND SF

108,900

ZONING

I-42

APN/PARCEL ID

12-09926

ASK ABOUT THIS PROPERTY

Hunter KirbySands Investment Group Austin, LLCMore Info
512-856-7596

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Hunter KirbySands Investment Group Austin, LLCMore Info
512-856-7596

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