Contacts
Encore Real Estate Investment Services
Property Details
- Property Type Industrial - Manufacturing
- Property Size 7,200 SF
- Units 3
- Lot Size 0.32 Acre
- Property Tenancy Multi-Tenant
- Year Built 1987
- Date Updated Jun 29, 2026
- Grade Level Doors 3
- Electricity Service 200a/208v 3p
- HVAC None
Reach out to the broker for more info on lease terms and amenities
Highlights
- 100% occupied multi-tenant flex — three in-place tenants across 7,200 SF provide diversified, stabilized cash flow and insulate ownership from the binary vacancy risk of a single-tenant asset
- Attractive 9.00% cap rate on $45,933 NOI — strong going-in yield relative to comparable Northwest Ohio flex and small-bay product
- Flexible 31-M1 Light Industrial zoning supports a broad range of permitted uses, supporting long-term tenant demand and exit optionality
- Functional small-bay configuration — 1,800–3,600 SF suites with grade-level loading appeal to the deep pool of local users (trades, light manufacturing, distribution, service), keeping the re-tenanting universe wide
- High-demand Sylvania location — affluent suburban submarket (avg. HH income $105K+ within 1 mile) with immediate access to I-475/U.S. 23 and the Monroe St. retail corridor
- Mark-to-market upside — in-place rents averaging $8.67/SF leave room to push toward market on renewal or rollover across the three units
Getting around
-
51/100
Walk Score ®
-
40/100
Bike Score ®
Location
- City Sylvania, OH
- Zip Code 43560
- Market Toledo
Points of Interest
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BP
0.71 miles
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Kroger Fuel Station
0.86 miles
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Speedway
1.00 miles
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Sunoco
1.66 miles
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Marathon
2.31 miles
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Tesla Supercharger
9.44 miles
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Clean Express Car Wash
0.93 miles
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Expresso Car Wash
2.59 miles
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Enterprise
2.62 miles
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Russ' Auto Car Wash Inc.
3.76 miles
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Avis;Toledo Phone Repair
4.07 miles
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Jackman Laskey Car Wash
4.84 miles
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BK Car Wash
7.16 miles
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Central Car Wash
8.21 miles
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Super Wash
9.24 miles
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Marathon Car Wash
9.25 miles
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Roosters
0.34 miles
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Koto Buki
0.62 miles
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Fricker's
0.95 miles
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Executive on the Main
1.32 miles
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Dairy Queen
1.37 miles
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Sakura Japanese Steakhouse
1.42 miles
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CoreLife Eatery
1.54 miles
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Marco's Pizza
1.58 miles
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Grape Leaf Express
1.59 miles
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Sori Sushi
1.61 miles
Encore Real Estate Investment Services