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5454-5456 Schultz Dr 14,776 SF 100% Leased Industrial Building Sylvania, OH 43560 $450,000 ($30.45/SF) 3.08% Cap Rate
Investment Highlights
- $450,000 Sale Price | $62.50 Price/SF
- Located in Sylvania, Ohio. one of Northwest Ohio's most sought after suburban communities within the Toledo MSA
- National Retailers & Amenities Nearby: Target, Dick's Sporting Goods, Marshalls, PetSmart, Chase, Wendy's
- Value-Add Multi-Tenant Flex Building | 50% Vacant. Significant Upside for an Owner-User or Investor
- Minutes from the I-475/US-23 Interchange. 66,000+ VPD. Just 0.9 Miles to Interstate Access
- Excellent Surrounding Demographics. $105,559 Average HH Income within a 1-Mile Radius. 145,760+ Population within 5 Miles
Executive Summary
$450,000 Sale Price | $62.50 Price/SF
Property Facts
| Price | $450,000 | Lot Size | 0.32 AC |
| Price Per SF | $30.45 | Rentable Building Area | 14,776 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 3.08% | Year Built | 1970 |
| Property Type | Industrial | Parking Ratio | 1.13/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 16’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 4 |
| Zoning | Industrial | ||
| Price | $450,000 |
| Price Per SF | $30.45 |
| Sale Type | Investment |
| Cap Rate | 3.08% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.32 AC |
| Rentable Building Area | 14,776 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Parking Ratio | 1.13/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | Industrial |
Amenities
- Bus Line
Utilities
- Gas - Natural
- Water - City
- Sewer - City
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $60,130 | |
| Land Assessment | $8,540 | Total Assessment | $68,670 |
Property Taxes
Parcel Numbers
Land Assessment
$8,540
Improvements Assessment
$60,130
Total Assessment
$68,670
Contacts
-
Deno Bistolarides -
Hunter Rupp -
Kaleb Rupp -
Encore Real Estate Investment Services
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