Log In/Sign Up
Your email has been sent.
Sonepar (Echo Electric) - Toledo, OH 501 Phillips Ave 24,378 SF Industrial Building Toledo, OH 43612 $2,900,000 ($118.96/SF) 7.15% Cap Rate
Investment Highlights
- Echo Electric is a subsidiary and affiliate brand of Sonepar USA. Sonepar operates a network of more than 490 branches across North America.
- The tenant has operated from this facility since 2001 and recently executed an early 5-year lease extension.
- This is the only Sonepar branch serving the greater Toledo market, with the next closest locations in Ann Arbor, MI (37+ miles north).
- The property is secured by a passive ~6-year Industrial Triple Net (NNN) Lease that minimizes landlord responsibilities.
- The property is strategically positioned with convenient access to both U.S. Route 24 and I-75.
- The property features excess yard space that supports Industrial Outdoor Storage (IOS).
Executive Summary
We are pleased to exclusively offer for sale the 24,378 SF Sonepar (Echo Electric) facility located at 501 Phillips Ave in Toledo, OH. Sonepar, one of the largest electrical distributors in North America, has operated out of this facility for nearly 25 years and just recently extended its lease early. Secured by a passive ~6-year Industrial Triple Net (NNN) Lease with 2.5% annual increases, this is a great opportunity for investors looking for a reliable long-term investment with minimal landlord responsibilities and built in rent growth to help hedge inflation.
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
Property Facts
Amenities
- Bus Line
- Fenced Lot
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Echo Electric
- Wholesaler
- 24,378 SF
- $8.51
- Triple Net
- Mar 2032
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Echo Electric | Wholesaler | 24,378 SF | $8.51 | Triple Net | Mar 2032 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 12-09926 | Improvements Assessment | $308,665 |
| Land Assessment | $54,635 | Total Assessment | $363,300 |
Property Taxes
Parcel Number
12-09926
Land Assessment
$54,635
Improvements Assessment
$308,665
Total Assessment
$363,300
Contacts
-
Hunter Kirby -
Stratton Greig -
Thomas Miller -
Austin Marsh -
Sands Investment Group Austin, LLC
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Sonepar (Echo Electric) - Toledo, OH | 501 Phillips Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.