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2340 Detroit Ave
Maumee, OH 43537
Office Property For Sale
INVESTMENT HIGHLIGHTS
- New HVAC units, 3-year-old roof, newer windows
- Wheelchair accessible ramp & elevator
- Full sets of building and elevator plans
- Access to Detroit Avenue and River Road.
EXECUTIVE SUMMARY
Built in 1974 this 12,690 square foot Office property is very good condition and has a 7.99% CAP rate. Tenants include regional, national, and local businesses. The building features ADA complaint entrance and elevator. An ample parking lot is accessible from both Detroit Ave and River Rd. The property has new HVAC units, newer windows, and the roof was replaced 3 years ago.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
12,690 SF
Building Class
C
Year Built
1974
Price
$950,000
Price Per SF
$74.86
Cap Rate
7.99%
NOI
$75,880
Percent Leased
77%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,230 SF
Building FAR
0.42
Lot Size
0.69 AC
Zoning
C-1 - General Commercial
Parking
44 Spaces (3.47 Spaces per 1,000 SF Leased)
AMENITIES
- Property Manager on Site
- Security System
- Signage
PROPERTY TAXES
| Parcel Number | 36-20707 | Improvements Assessment | $287,070 |
| Land Assessment | $12,110 | Total Assessment | $299,180 |
PROPERTY TAXES
Parcel Number
36-20707
Land Assessment
$12,110
Improvements Assessment
$287,070
Total Assessment
$299,180
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