Listed by NAI Harmon Group
$3,738,937
7311 Crossleigh Court
Details
Property Type Office
Sub Type Traditional Office
Square Footage 14,076
Cap Rate 8.00%
NOI $299,115
Occupancy 100%
Tenancy Single
Brand/Tenant Morgan Stanley
Lease Type NNN
Lease Term 3
Lease Expiration 04/12/2028
Remaining Term 1.7
Lease Options 3, 5yr Options FMV
Price per SqFt $266
Class A
Year Built 2002
Year Renovated 2015
Stories 1
Zoning C-4 Professional/Business Office District
Parking Spaces 5 per 1,000 sq ft
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 04/13/2025
Office | 8.00% CAP | 14,076 SqFt
Marketing description
Sylvania and Sylvania Township are known for being one of the more affluent and well-maintained suburbs within the Toledo MSA. No current municipal income tax is currently levied in Sylvania Township.
The subject is located in the highly desirable Cobblestone Woods business park in Sylvania Township. The property has easy access to Interstate 475, with a high traffic volume of 94,720 vehicles per day. It's also located off of Central Ave, a major commercial thoroughfare. Nearby firms include Wells Fargo, Baird, RBS, Plante Moran, Rehmann, and Erie Construction. The location has strong surrounding demographics, including 105,267 residents within a 3-mile radius.
Investment highlights
- Class A Office Building in a Highly Desirable Business Park
- Net Leased to Morgan Stanley (NYSE:MS), Investment Grade Tenant
- Minimal Landlord Responsibilities
- Easy Access to I-475/US 23
- Business Park includes Wealth Management, Medical and Attorneys
- Excellent Investment or User Opportunity
Listing Contacts
Listed by NAI Harmon Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$299,115.00
$24,926.25/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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