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1001 E Lutz Rd 1,420,000 SF 100% Leased Industrial Building Archbold, OH 43502 $90,734,802 CAD ($63.90 CAD/SF)
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INVESTMENT HIGHLIGHTS
- 1001 E Lutz Road is a versatile industrial facility with exceptional connectivity, ideal for distribution, manufacturing, or food-grade users.
- Rail-served property with Norfolk Southern serviced rail into the building with additional exterior siding potential.
- Capitalize on a 1,420,000 SF building featuring a 28' to 32' clear height, 7" to 11" concrete floor depths, 25 dock doors, and three drive-ins.
- Strategically located in a Foreign Trade Zone with nearby access to Interstate 80/90 Ohio Turnpike, Highway 6, and Interstate 75.
EXECUTIVE SUMMARY
1001 E Lutz Road offers a unique opportunity to own a flexible industrial or warehouse facility with an on-site rail spur. This state-of-the-art, nearly 1.5 million-square-foot building provides specs suitable for a wide range of warehouse, distribution, manufacturing, or food-grade users. Building features include a 28- to 32-foot clear height, 7- to 11-inch concrete floor depths, 25 dock doors, and Norfolk Southern served rail into the building with an additional exterior siding.
This location provides convenient access to interstates, population centers, railways, and ports. Centrally located between Chicago, Indianapolis, Columbus, and Detroit. The property is close to the Interstate 80/90 Ohio Turnpike and has a seamless connection to Interstate 75 and other major interstates. Within a 50-mile drive of the property is the Port of Toledo, which supports 13 terminals linked to global markets. Tenants will also benefit from Archbold and Fulton County's designated Foreign Trade Zone location.
Archbold is in Northwest Ohio, 30 miles west of Toledo. Businesses are attracted to this area because of its deep talent pool, which includes the surrounding communities and Northwest State Community College. Historically, the workforce in Archbold exceeds the community population, drawing from the six-county area. Many major companies call Archbold home, including Sauder Woodworking, ConAgra, Sauder Manufacturing, Sanoh America, Frozen Specialties, and Archbold Furniture.
This location provides convenient access to interstates, population centers, railways, and ports. Centrally located between Chicago, Indianapolis, Columbus, and Detroit. The property is close to the Interstate 80/90 Ohio Turnpike and has a seamless connection to Interstate 75 and other major interstates. Within a 50-mile drive of the property is the Port of Toledo, which supports 13 terminals linked to global markets. Tenants will also benefit from Archbold and Fulton County's designated Foreign Trade Zone location.
Archbold is in Northwest Ohio, 30 miles west of Toledo. Businesses are attracted to this area because of its deep talent pool, which includes the surrounding communities and Northwest State Community College. Historically, the workforce in Archbold exceeds the community population, drawing from the six-county area. Many major companies call Archbold home, including Sauder Woodworking, ConAgra, Sauder Manufacturing, Sanoh America, Frozen Specialties, and Archbold Furniture.
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SALE FLYER
PROPERTY FACTS Under Contract
| Price | $90,734,802 CAD | Rentable Building Area | 1,420,000 SF |
| Price Per SF | $63.90 CAD | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1995 |
| Property Type | Industrial | Parking Ratio | 0.21/1,000 SF |
| Property Subtype | Distribution | Clear Ceiling Height | 32’ |
| Building Class | B | No. Dock-High Doors/Loading | 61 |
| Lot Size | 70.50 AC | No. Drive In / Grade-Level Doors | 8 |
| Zoning | M-2 - General Industrial | ||
| Price | $90,734,802 CAD |
| Price Per SF | $63.90 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | B |
| Lot Size | 70.50 AC |
| Rentable Building Area | 1,420,000 SF |
| No. Stories | 1 |
| Year Built | 1995 |
| Parking Ratio | 0.21/1,000 SF |
| Clear Ceiling Height | 32’ |
| No. Dock-High Doors/Loading | 61 |
| No. Drive In / Grade-Level Doors | 8 |
| Zoning | M-2 - General Industrial |
AMENITIES
- Mezzanine
- Air Conditioning
ABOUT FULTON COUNTY
Fulton County sits just west of Toledo and south of the Michigan state line. Several key thoroughfares, including Interstate 90 and U.S. Route 20, cross the county and offer easy access to multiple major markets. The area boasts a prime location, as Chicago, Indianapolis, and Columbus can be reached in less than four hours, while downtown Toledo is just 50 minutes away. Industrial rents are highly competitive and sit 15% below the Toledo average.
Fulton County is a lower-density, higher-income area. Manufacturing represents one of the area’s top industries, with major employers including Sauder Woodworking, North Star Bluescope Steel, and Tronair. Healthcare is another dominant industry, with the Fulton County Health Center in Wauseon alone employing over 800 professionals.
Industrial inventory is concentrated south of Interstate 90, along U.S. Highway 20A, and around the communities of Wauseon, Archbold, and Fayette. Distribution and warehouse space represents about 70% of total inventory, while manufacturing accounts for more than 20%. Limited development activity has helped to keep the market tight, with vacancy sitting at or below 4% over the past 10 years.
DEMOGRAPHICS
REGIONAL ACCESSIBILITY
CITY
POPULATION
MILES
DRIVE TIME
Columbus
892,533
166
3 h 32 m
Indianapolis
867,125
182
3 h 44 m
Chicago
2,705,994
208
4 h 1 m
Washington
702,455
505
9 h 38 m
Philadelphia
1,584,138
564
10 h 32 m
Charlotte
872,498
577
11 h 42 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
28,148
Total Labor Force
13,677
Unemployment Rate
3.52%
Median Household Income
$65,172
Warehouse Employees
4,452
High School Education Or Higher
92.50%
$ values in USD
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $6,977,398 CAD | |
| Land Assessment | $639,739 CAD | Total Assessment | $7,617,138 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$639,739 CAD
Improvements Assessment
$6,977,398 CAD
Total Assessment
$7,617,138 CAD
SALE ADVISORS
SALE ADVISORS
Mark Baringer, Senior Advisor
As a Senior Investment Advisor with NAI Harmon Group in Toledo, Mark specializes in the sale of properties including shopping centers, multifamily, industrial, office and single tenant NNN properties. His experience includes tax deferred exchanges, medical offices and corporate sale/leasebacks. His clients have included national real estate investment trusts, corporations, partnerships, banks, high net worth individuals and regional and national investors. Mark also serves the counties outlying Toledo, including the communities of Defiance, Lima and Findlay, across all property types. He has over 40 years of experience across real estate services.
Prior to his real estate brokerage involvement, he worked in the banking and appraisal field for nine years. Mark served in Real Estate Administration for SunTrust Bank in Florida, working on valuation and special projects on a local, regional and national level. He also worked for an independent MAI firm in Northwest Ohio, and at one point owning his own appraisal firm.
Mark is a board member of Lifewise Academy for Defiance/Ayersville. He is a multiple winner of the CoStar Power Broker Award for the Toledo market.
Prior to his real estate brokerage involvement, he worked in the banking and appraisal field for nine years. Mark served in Real Estate Administration for SunTrust Bank in Florida, working on valuation and special projects on a local, regional and national level. He also worked for an independent MAI firm in Northwest Ohio, and at one point owning his own appraisal firm.
Mark is a board member of Lifewise Academy for Defiance/Ayersville. He is a multiple winner of the CoStar Power Broker Award for the Toledo market.
Stephanie Kuhlman, President
Stephanie Kuhlman is the Vice President of Real Estate and Development for the NAI Harmon Group.
Stephanie started her real estate career in 1990 with the former Cavalear Realty Company. In 1992, she joined Danberry Realtors specializing in residential new construction and development, and later moved to Danberry’s Commercial division. Stephanie was asked to join the newly created Industrial Developers LTD, now known as the NAI Harmon Group, in 2012 and brings with her a background in sales, marketing, and real estate investment experience and has been involved with the development of several large multi-use developments in several states. In 2022 Stephanie was named Vice President – Real Estate & Development and was named a partner in the NAI Harmon Group.
Stephanie consistently achieves the Ohio President’s Sales Club award at the highest level, The Pinnacle of Performance, for sales and leasing transactions in excess of $7,000,000 annually. Stephanie currently serves as President of the Northwest Ohio Realtors and is active at the state level with Ohio Realtors. She also serves on many other community and professional boards.
Stephanie started her real estate career in 1990 with the former Cavalear Realty Company. In 1992, she joined Danberry Realtors specializing in residential new construction and development, and later moved to Danberry’s Commercial division. Stephanie was asked to join the newly created Industrial Developers LTD, now known as the NAI Harmon Group, in 2012 and brings with her a background in sales, marketing, and real estate investment experience and has been involved with the development of several large multi-use developments in several states. In 2022 Stephanie was named Vice President – Real Estate & Development and was named a partner in the NAI Harmon Group.
Stephanie consistently achieves the Ohio President’s Sales Club award at the highest level, The Pinnacle of Performance, for sales and leasing transactions in excess of $7,000,000 annually. Stephanie currently serves as President of the Northwest Ohio Realtors and is active at the state level with Ohio Realtors. She also serves on many other community and professional boards.
Chad Ackerman, Commercial Sales and Leasing Agent
Chad Ackerman is a native Toledoan who has worked in real estate for 9 years. He is also licensed in New York and New Jersey and brings his knowledge and passion for helping people with commercial sales or leasing needs to the NAI Harmon Group. He enjoys coaching and playing soccer, roller hockey, hiking, and the trumpet. Chad has a passion for the arts, and singing professionally around the world. He’s been in numerous TV shows, films, and national commercials. Ask him what’s coming out next because he’s still at it.
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