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Monroe Professional Building 5580 Monroe St 28,160 SF 100% Leased Office Building Sylvania, OH 43560 $2,721,513 ($96.64/SF) 9.25% Cap Rate
Investment Highlights
- Multi-Tenant Office Building | Fully Occupied | Minimal Landlord Responsibilities
- Directly located in the main Thuroughfare of Toledo, OH with all major retailers, restaurants, and attractions in the immediate area
- Well maintained property with large parking area and recently renovated interior spaces
- Located on Monroe Street with Over 24,000 VPD reported | Plenty of Parking on Surface Lot with Curb Cut
- National Retailers Nearby Include: Kroger, Target, Aldi, Hobby Lobby, PetSmart, Golf Galaxy, Marshalls, TJ Maxx, The Franklin Park Mall and More
- GBQ Currently Occupies The Entire Second Level | A Regional Accounting Firm With a Presence In Other Midwest Metropolitan Markets
Executive Summary
Multi-Tenant Office Building | Fully Occupied | Minimal Landlord Responsibilities
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
28,160 SF
Building Class
B
Year Built
1987
Price
$2,721,513
Price Per SF
$96.64
Cap Rate
9.25%
NOI
$251,740
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
14,080 SF
Building FAR
0.27
Lot Size
2.39 AC
Zoning
B-2 - Commercial
Parking
48 Spaces (1.7 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Restaurant
Property Taxes
| Parcel Number | 82-05107 | Improvements Assessment | $533,855 |
| Land Assessment | $61,530 | Total Assessment | $595,385 |
Property Taxes
Parcel Number
82-05107
Land Assessment
$61,530
Improvements Assessment
$533,855
Total Assessment
$595,385
Contacts
-
Deno Bistolarides -
Kaleb Rupp -
Hunter Rupp -
Gabe Nitschke -
Luke Rupp -
Encore Real Estate Investment Services
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Monroe Professional Building | 5580 Monroe St
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