Listed by Encore Real Estate Investment Services
$1,467,734
New Concepts
Details
APN 0111017
Property Type Office
Sub Type Traditional Office, Executive Office
Square Footage 10,840
Units 1
Cap Rate 10%
NOI $146,773
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 10
Lease Expiration 12/29/2029
Remaining Term 3.4
Rent Bumps Yes
Lease Options (2) Five Year
Price per SqFt $135
Year Built 1973
Stories 1
Investment Type Net Lease
Lease Commencement 01/01/2020
New Concepts (Philio, Inc), a well-established nonprofit organization
Investment highlights
- Long-term net leased investment occupied by New Concepts (Philio, Inc), a well established nonprofit organization serving the Toledo market through behavioral health, housing, and community support services.
- Attractive 10.00% cap rate offering investors strong in-place cash flow backed by an established community-oriented tenant with essential-service operations.
- Lease structure includes approximately 1.5% annual rent increases, providing consistent income growth throughout the remaining lease term and option periods.
- 10,840-square-foot facility is strategically positioned along Byrne Road within a densely populated Toledo corridor surrounded by residential neighborhoods, healthcare providers, and retail amenities.
- Surrounding market is supported by major regional employers and institutions including The University of Toledo, ProMedica, and Mercy Health, helping drive sustained economic activity and population demand.
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
$146,773.00
$12,231.08/mo
Valuation Metrics
0
DSCR
10%
Cap Rate
10%
ROI
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