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31434014
31434015

1660 Indian Wood Cir, Maumee, OH 43537 For Sale

TG
Marcus & Millichap - Minneapolis
Listed by Marcus & Millichap - Minneapolis
$7,059,043
110 days on market
Updated 66 days ago

MOTIVATED SELLER | Danfoss Mission Critical R&D Site

Details
Property Type Industrial
Sub Type R&D
Square Footage 37,064
Net Rentable (SqFt) 37,064
Units 1
Cap Rate 7%
NOI $494,133
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 06/15/2030
Remaining Term 3.9
Lease Options One 5-Year
Price per SqFt $190
Broker Co-Op Yes
Class A
Year Built 1988
Acreage 3.000
Investment Type Net Lease
Ownership Fee Simple

Research & Development Site | 7.00% CAP | 37,064 SqFt

Marketing description

Marcus & Millichap is pleased to present the Danfoss Power Solutions Research & Development (R&D) Facility in Maumee, Ohio. This first class R&D center is a mission

critical site for Danfoss’s Hydraulics Division, serving as a core location for engineering, testing, and product innovation.

Danfoss, founded in 1933 and headquartered in Denmark, is a global leader with 9.4 billion in 2025 revenue across hydraulics, refrigeration, heating, air conditioning,

and motion control technologies. The company’s solutions enhance machine performance, reduce emissions, improve energy efficiency, and support electrification

initiatives worldwide. The Danfoss Power Solutions segment, which primarily covers hydraulics, accounts for approximately 44% of total Danfoss sales.

This facility functions as a core engineering hub for Danfoss’s Hydraulics Division, supporting essential R&D programs that cannot be decentralized or easily relocated.

Importantly, the property sits directly adjacent to the Danfoss Hydraulics Training Headquarters (not included in the sale). The proximity between the R&D facility and

the training hub creates operational alignment that reinforces the mission critical nature of both assets within Danfoss’s hydraulics ecosystem.

Danfoss significantly expanded its hydraulics platform through the 2021 acquisition of Eaton’s hydraulics business for $3.3 billion, effectively doubling the division,

which included the acquisition of this facility. The tenant’s recent exercise of a five year lease option with a rent increase further underscores this site’s strategic

importance and long term value to the Hydraulics Division’s growth trajectory.

The facility is positioned within a strong, established industrial park alongside high quality corporate users, with immediate access to a major retail corridor and

Interstate 90.

Danfoss is further demonstrating its commitment to this location through scheduled capital improvements to the exterior of the property, including repairs and sealing

of the parking lots, replacement of concrete aprons and sidewalks, and resurfacing of the driveway to the overhead door. These improvements are to be completed by

October 31, 2026. The landlord is contributing $25,000 toward these upgrades; if work is incomplete at closing, the seller will credit the buyer the landlord contribution

amount.

Investment highlights

Mission Critical Research and Development Site for Danfoss Hydraulics Division

Danfoss is a World Leader in Innovative Technology With 9.4 Billion Euros in 2025 Sales and EBIDTA Margin of 12.9 Percent

The Hydraulics Division Makes Up 44% of Danfoss Total Sales, Per Tenant's 2025 Annual Report

This Site was Part of Danfoss' $3.3 Billion Acquisition of Eaton's Hydraulic Business in 2021

S & P Credit Rating of BBB Stable and Moody's Baa1 Stable

Subject Property is Adjacent to Danfoss Hydraulics Training Headquarters

Recent Lease Extension With Rent Increase and Investment Into Exterior Capital Improvements Demonstrate Strong Commitment to the Site

Listing Contacts

TG
Marcus & Millichap - Minneapolis
Listed by Marcus & Millichap - Minneapolis

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$
$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$494,133.00
$41,177.75/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
Michael Glass
License
OH BRK.2007005898
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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