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New Concepts 111 S Byrne Rd 10,840 SF Office Building Toledo, OH 43615 $2,047,931 CAD ($188.92 CAD/SF) 10% Cap Rate
Investment Highlights
- Long-term net leased investment occupied by New Concepts (Philio, Inc), a well established nonprofit organization
- Lease structure includes approximately 1.5% annual rent increases, providing consistent income growth throughout the remaining lease term and options
- Surrounding market is supported by major regional employers and institutions including The University of Toledo, ProMedica, and Mercy Health
- Attractive 10.00% cap rate offering investors strong in-place cash flow backed by an established community-oriented tenant
- 10,840-square-foot facility is strategically positioned along Byrne Road within a densely populated Toledo corridor
Executive Summary
Medical Office | 100% Occupied | Annual Increases
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
10,840 SF
Building Class
B
Year Built
1973
Price
$2,047,931 CAD
Price Per SF
$188.92 CAD
Cap Rate
10%
NOI
$204,793 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
10,840 SF
Building FAR
0.14
Lot Size
1.83 AC
Zoning
CR - Regional Commercial
Parking
113 Spaces (10.42 Spaces per 1,000 SF Leased)
Amenities
- Reception
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 01-11017 | Improvements Assessment | $249,254 CAD |
| Land Assessment | $87,040 CAD | Total Assessment | $336,294 CAD |
Property Taxes
Parcel Number
01-11017
Land Assessment
$87,040 CAD
Improvements Assessment
$249,254 CAD
Total Assessment
$336,294 CAD
Contacts
-
Deno Bistolarides -
Kaleb Rupp -
Luke Rupp -
Hunter Rupp -
Encore Real Estate Investment Services
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New Concepts | 111 S Byrne Rd
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