Listed by Encore Real Estate Investment Services
$2,495,000
Monroe Professional Building
Details
Property Type Office
Sub Type Executive Office, Traditional Office
Square Footage 30,596
Cap Rate 10.09%
NOI $251,740
Occupancy 100%
Tenancy Single
Lease Type Net
Price per SqFt $82
Class B
Year Built 1987
Year Renovated 2022
Buildings 1
Stories 2
Acreage 2.390
Office Building for Sale
Investment highlights
- Multi-Tenant Office Building | Fully Occupied | Minimal Landlord Responsibilities
- Located on Monroe Street with Over 24,000 VPD reported | Plenty of Parking on Surface Lot with Curb Cut
- Directly located in the main Thuroughfare of Toledo, OH with all major retailers, restaurants, and attractions in the immediate area
- National Retailers Nearby Include: Kroger, Target, Aldi, Hobby Lobby, PetSmart, Golf Galaxy, Marshalls, TJ Maxx, The Franklin Park Mall and More
- Well maintained property with large parking area and recently renovated interior spaces
- GBQ Currently Occupies The Entire Second Level | A Regional Accounting Firm With a Presence In Other Midwest Metropolitan Markets Including Columbus, Cincinnati, and Indianapolis
Listing Contacts
Listed by Encore Real Estate Investment Services
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$251,740.00
$20,978.33/mo
Valuation Metrics
0
DSCR
10.09%
Cap Rate
10.09%
ROI
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