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4428 Secor Rd
Toledo, OH 43623
Secor Professional Building · Office Property For Sale
Investment Highlights
- Located on the east side of Secor Road within 0.8 miles of I-475 interchange.
Executive Summary
Ideal owner occupant opportunity - 9.12% cap on in-place income. Upside potential; building is currently 43% vacant (5,661 SF total).
Immediately available first floor office space – up to 3,591 SF. Multiple suite configurations are available. Ample on-site parking with approximately 67 spaces. Conveniently located with quick access to I-475. Neighboring retailers include: Jing Chuan, West Toledo Animal Hospital, Toledo. Thai Restaurant, Taco Bell, Walgreen's, Kroger and Best Buy. Financials available upon qualified request.
Immediately available first floor office space – up to 3,591 SF. Multiple suite configurations are available. Ample on-site parking with approximately 67 spaces. Conveniently located with quick access to I-475. Neighboring retailers include: Jing Chuan, West Toledo Animal Hospital, Toledo. Thai Restaurant, Taco Bell, Walgreen's, Kroger and Best Buy. Financials available upon qualified request.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
13,214 SF
Building Class
C
Year Built
1970
Price
$385,000
Price Per SF
$29.14
Cap Rate
9.12%
NOI
$35,112
Percent Leased
34%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,607 SF
Slab To Slab
10’
Building FAR
0.23
Lot Size
1.31 AC
Zoning
C-42 - Regional Commercial
Parking
130 Spaces (3.84 Spaces per 1,000 SF Leased)
Amenities
- Banking
- Bus Line
- Convenience Store
- Day Care
- Restaurant
- Signage
Property Taxes
| Parcel Number | 18-86167 | Improvements Assessment | $106,505 |
| Land Assessment | $28,245 | Total Assessment | $134,750 |
Property Taxes
Parcel Number
18-86167
Land Assessment
$28,245
Improvements Assessment
$106,505
Total Assessment
$134,750
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