Share This Listing

Message

960 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

3131 Executive Pky 34,344 SF 76% Leased Office Building Toledo, OH 43606 $1,975,000 ($57.51/SF) 8.53% Cap Rate

Save this listing!

Favorite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Executive Parkway and the Westgate area are centrally located within the Toledo market.
  • Area retailers include: Costco, Whole Foods, Fresh Market, Chase Bank, PNC, Key Bank, Fifth Third Bank, Huntington Bank.
  • The immediate area has, and continues to see, large-scale redevelopment over the past 10 years.
  • Located minutes from hotels and expressway access.

EXECUTIVE SUMMARY

Investment | Owner Occupant Opportunity w/ Income. Well maintained asset. Professionally managed throughout long-term ownership.
78% occupancy. Long term tenants in place. Pro forma available to qualified prospects. Professionally maintained office suites for lease.
. Centrally located within the Westgate area, less than one mile from expressway interchange. Excellent exposure, prominent signage along Executive Parkway.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Building Size
34,344 SF
Building Class
B
Year Built/Renovated
1980/2010
Price
$1,975,000
Price Per SF
$57.51
Cap Rate
8.53%
NOI
$168,503
Percent Leased
76%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
11,448 SF
Slab To Slab
11’
Building FAR
0.46
Lot Size
1.72 AC
Zoning
Commercial
Parking
86 Spaces (2.5 Spaces per 1,000 SF Leased)

AMENITIES

  • Banking
  • Bus Line
  • Signage

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 101
  • 2,250 SF
  • Office
  • Full Build-Out
  • Now

Pro forma available to qualified prospects. Professionally maintained office suites for lease. Multiple configurations up to 5,349 SF. Centrally located within the Westgate area, less than one mile from expressway interchange. Excellent exposure, prominent signage along Executive Parkway.

  • 1st Fl-Ste 106
  • 590 SF
  • Office
  • -
  • Now
  • 2nd Fl-Ste 200
  • 3,403 SF
  • Office
  • Full Build-Out
  • Now

Pro forma available to qualified prospects. Professionally maintained office suites for lease. Multiple configurations up to 5,349 SF. Centrally located within the Westgate area, less than one mile from expressway interchange. Excellent exposure, prominent signage along Executive Parkway.

  • 2nd Fl-Ste 207
  • 1,946 SF
  • Office
  • Full Build-Out
  • Now

Pro forma available to qualified prospects. Professionally maintained office suites for lease. Multiple configurations up to 5,349 SF. Centrally located within the Westgate area, less than one mile from expressway interchange. Excellent exposure, prominent signage along Executive Parkway.

Space Size Space Use Condition Available
1st Fl-Ste 101 2,250 SF Office Full Build-Out Now
1st Fl-Ste 106 590 SF Office - Now
2nd Fl-Ste 200 3,403 SF Office Full Build-Out Now
2nd Fl-Ste 207 1,946 SF Office Full Build-Out Now

1st Fl-Ste 101

Size
2,250 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 106

Size
590 SF
Space Use
Office
Condition
-
Available
Now

2nd Fl-Ste 200

Size
3,403 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 207

Size
1,946 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 101

Size 2,250 SF
Space Use Office
Condition Full Build-Out
Available Now

Pro forma available to qualified prospects. Professionally maintained office suites for lease. Multiple configurations up to 5,349 SF. Centrally located within the Westgate area, less than one mile from expressway interchange. Excellent exposure, prominent signage along Executive Parkway.

2nd Fl-Ste 200

Size 3,403 SF
Space Use Office
Condition Full Build-Out
Available Now

Pro forma available to qualified prospects. Professionally maintained office suites for lease. Multiple configurations up to 5,349 SF. Centrally located within the Westgate area, less than one mile from expressway interchange. Excellent exposure, prominent signage along Executive Parkway.

2nd Fl-Ste 207

Size 1,946 SF
Space Use Office
Condition Full Build-Out
Available Now

Pro forma available to qualified prospects. Professionally maintained office suites for lease. Multiple configurations up to 5,349 SF. Centrally located within the Westgate area, less than one mile from expressway interchange. Excellent exposure, prominent signage along Executive Parkway.

Walk Score®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
23-68905
Land Assessment
$67,865
Improvements Assessment
$861,875
Total Assessment
$929,740
  • Listing ID: 32782260

  • Date on Market: 8/13/2024

  • Last Updated:

  • Address: 3131 Executive Pky, Toledo, OH 43606

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}