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222 N Erie St 12,220 SF 100% Leased Office Building Toledo, OH 43604 $995,000 ($81.42/SF) 8% Cap Rate

INVESTMENT HIGHLIGHTS
- Fully leased investment property for sale
- Many recent improvements to each unit
- Close to Fifth Third Field, Huntington Center, and Glass City Center Conference Center
- Immediate Cash Flow from long-term tenants
- Direct frontage and high visibility from Erie St
- Downtown Toledo has seen major investments and renewed growth across housing, business, and entertainment
EXECUTIVE SUMMARY
Fully leased investment property for sale. Site Selection Magazine has ranked Toledo as one of the national top 10 cities for new business investment for the past six years. Access to the rent roll and expenses for qualified prospects.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
12,220 SF
Building Class
C
Year Built
1912
Price
$995,000
Price Per SF
$81.42
Cap Rate
8%
NOI
$79,600
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,110 SF
Slab To Slab
11’
Building FAR
2.43
Lot Size
0.12 AC
Opportunity Zone
Yes
Zoning
10-CD - Commercial District
AMENITIES
- Bus Line
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Ampd Marketing
- Professional, Scientific, and Technical Services
- -
- -
- -
- Co 9
- Professional, Scientific, and Technical Services
- -
- -
- -
- Tower Communications
- Professional, Scientific, and Technical Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Ampd Marketing | Professional, Scientific, and Technical Services | - | - | - | ||
| Co 9 | Professional, Scientific, and Technical Services | - | - | - | ||
| Tower Communications | Professional, Scientific, and Technical Services | - | - | - |
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Walk Score®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $75,530 | |
| Land Assessment | $3,500 | Total Assessment | $79,030 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$3,500
Improvements Assessment
$75,530
Total Assessment
$79,030
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222 N Erie St
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