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1708-1720 W Alexis Rd 4,000 SF 100% Leased Retail Building Toledo, OH 43613 $525,000 ($131.25/SF) 7.86% Cap Rate
INVESTMENT HIGHLIGHTS
- Property is in great condition, with two established tenants
- Located at a signalized intersection with high visibility from Alexis Rd.
- Recently sealed and striped parking lot.
- Each suite has its own restroom.
EXECUTIVE SUMMARY
Multi-tenant. Currently two tenants, can accommodate up to four.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,000 SF
Building Class
C
Year Built
2007
Price
$525,000
Price Per SF
$131.25
Cap Rate
7.86%
NOI
$41,267
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
0.47 AC
Zoning
CR - Regional Commercial Zoning
Parking
17 Spaces (4.25 Spaces per 1,000 SF Leased)
Frontage
75’ on Alexis Rd
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 23-34117 | Improvements Assessment | $100,205 |
| Land Assessment | $10,325 | Total Assessment | $110,530 |
PROPERTY TAXES
Parcel Number
23-34117
Land Assessment
$10,325
Improvements Assessment
$100,205
Total Assessment
$110,530
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1708-1720 W Alexis Rd
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