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7311 Crossleigh Court Toledo, OH 43617

For Sale
$3,859,548

14,076 SF, Net Lease, Corporate Guarantee

Property size:
14,076 SF

Description

Added:
Jan 24, 2025
Days on Market:
318
This exceptional investment opportunity presents a 14,076-square-foot freestanding building in Toledo, Ohio, currently leased to Morgan Stanley under a net lease agreement. The lease, corporately guaranteed by Morgan Stanley, extends to April 2028, with three five-year renewal options at fair market value. Landlord responsibilities are minimal, encompassing only roof and structure maintenance. The property is situated within a desirable business park, benefiting from a strong tenant association where dues are reimbursed by the tenant. Operating expenses (excluding property taxes) are also reimbursed by the tenant, subject to a 3.5% annual cap on increases. This prime location boasts excellent access to Interstate 475 (94,720 vehicles per day) and is conveniently close to Central Avenue (32,715 vehicles per day), a major commercial artery. Central Avenue features a variety of established businesses including Lowe's Home Improvement, Arby's, Take 5 Oil Change, Taco Bell, Meijer Pharmacy, Pet Supplies Plus, and Advance Auto Parts. The surrounding area demonstrates robust demographics, with 105,267 residents and an average household income of $113,000 within a three-mile radius. The 0.32-acre lot offers a stable and attractive investment prospect with a long-term, creditworthy tenant. This is a rare opportunity to acquire a high-quality, net-leased property with significant upside potential.

Property Features for 7311 Crossleigh Court

General Information

Property type
Other retail properties
Square Feet
14,076 SF
Price / Square Foot
$274
Elevators
N/A
Lot Size
14,076 SF

Building Details

Buildings
1

HighLights

  • 14,076 sq ft building leased to Morgan Stanley, offering a strong, corporate‑guaranteed net lease.
  • Desirable Toledo, OH location in a business park with excellent access to major roadways and strong demographics.
  • Lease expires April 2028, with three 5‑year renewal options at fair market value.
Property Profile Location Intelligence

Current Use by Public Records

John G. Mayer ... Financial Consultant The Andrew Weiner & Crane ... Investment Service Charles Ide - Morgan ... Financial Consultant Morgan Stanley Financial Planner The Aurora Group - Morgan ... Financial Consultant

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

City
Toledo
State
Ohio

FAQs

What type of property is this?
Other retail property - 14,076 SF, Net Lease, Corporate Guarantee
Where is this other retail property located?
The property is located at 7311 Crossleigh Court Toledo, OH.
What is the asking price?
The asking price for this property is $3,859,548.
What are key features of this property?
This property features: 14,076 sq ft building leased to Morgan Stanley, offering a strong, corporate-guaranteed net lease.; Desirable Toledo, OH location in a business park with excellent access to major roadways and strong demographics.; Lease expires April 2028, with three 5-year renewal options at fair market value.
More about this property
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