Listed by Signature Associates
$210,000
27062 Οαkmead Drive
Details
APN P60-400-026104005200
Property Type Office
Sub Type Executive Office
Square Footage 2,000
Tenancy Single
Brand/Tenant Refresh Management, LLC
Lease Term 3
Lease Expiration 04/29/2029
Remaining Term 1
Rent Bumps Yes
Lease Options Renewal option of three years
Pro-Forma NOI $20,039
Year Built 1986
Stories 1
Acreage 1.760
Zoning C-2 Community Business District State Route 20/23 Overlay
Parking Spaces 41 spaces
Parking per 1,000 SqFt 20.50
Lease Commencement 04/30/2023
Office | 2,000 SqFt
Investment highlights
- Prior to Tenant’s lease commencing, Landlord updated the flooring, freshly painted walls, replaced window(s), replaced restroom fixtures and replaced the front and side entry doors.
- Refresh Management’s lease commenced May 1, 2023 (3-year term) and pays $13.33/SF ($2,222/month). Effective December 1, 2025, Tenant exercised it’s first option to renew. Tenant’s new rent of $13.66/SF ($2,277.55/month) will begin on May 1, 2026, and Tenant’s lease expires April 30, 2029. Tenant pays utilities, trash, janitorial and content/liability insurance. Landlord pays RE taxes and condo dues.
- Condo dues are $585/quarter per condo. Oakmead Condo Association is responsible for all common areas.
- Tenant has one remaining renewal option of three years and must notify Landlord within 180 days notice before expiration of its intent to renew. Base rent will increase by 2.5%.
- Space consists of:
- 6 large offices.
- Open work area.
- 1 restroom.
- Kitchen.
- Storage.
- Located in Perrysburg Township where no city income taxes are currently levied.
Listing Contacts
Listed by Signature Associates
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
