Nantucket Professional Plaza 4646 Nantucket Dr 20,371 SF 100% Leased Office Building Toledo, OH 43623 $5,975,000 ($293.31/SF) 7.18% Cap Rate

100% Leased Medical Office Investment | 7.9-Year WALT | Long-Term Healthcare Tenancy
Equity Mill Real Estate is pleased to exclusively offer Nantuckett Professional Plaza, a premier multi-tenant medical office investment located in one of Toledo’s most established healthcare corridors. The 20,371-square-foot property is 100% occupied by four established medical and professional tenants and provides investors with durable contractual income supported by an approximately 7.9-year weighted average lease term. Only approximately 9.6% of the building’s rentable area expires before 2030, providing exceptional income stability and minimizing leasing risk.
The property is anchored by Harbor Light Oral & Maxillofacial Surgeons, a long-established specialty practice occupying approximately 57% of the building under a recently executed 10-year triple-net lease extending through 2036. Additional tenants include The Toledo Clinic, Dental365, and Edward Jones, creating a diversified rent roll with limited near-term rollover exposure.
Originally developed in 2004 and continually maintained, the property has benefited from significant ownership investment, including a new roof completed in 2026 and ongoing capital improvements designed to reduce future ownership costs. Approximately 92% of the building is configured as medical office space, creating substantial replacement value and high tenant retention characteristics.
Located adjacent to the Franklin Park retail corridor and within minutes of Toledo Hospital, Mercy Health–St. Anne Hospital, Flower Hospital, and numerous healthcare providers, Nantuckett Professional Plaza occupies one of Northwest Ohio’s strongest suburban medical office locations.
This offering presents investors with an opportunity to acquire an institutional-quality medical office asset featuring long-term leases, stable healthcare tenancy, predictable income, and limited leasing risk.
Investment Highlights
• Asking Price: $5,975,000
• 20,371 SF Class A Medical/Professional Office Building
• 100% Leased
• Four Medical & Professional Tenants
• Approximately 7.9-Year Weighted Average Lease Term (WALT)
• Harbor Light Oral & Maxillofacial Surgeons occupies 57% of the building under a new 10-year NNN lease through 2036
• Diverse tenant roster including Harbor Light Oral & Maxillofacial Surgeons, The Toledo Clinic, Dental365 and Edward Jones
• Limited near-term lease rollover with only approximately 10% of rentable area expiring prior to 2030
• Combination of NNN and expense-protected leases designed to mitigate inflationary operating costs
• Recent capital improvements including a new roof (2026)
• Approximately 110 parking spaces situated on 2.72 acres
• Excellent visibility and access within Toledo’s premier suburban medical corridor
• Minutes from Toledo Hospital, Mercy Health–St. Anne Hospital, Flower Hospital and the Franklin Park retail district
• Ideal opportunity for private investors, family offices and 1031 exchange buyers seeking stable long-term income.