Absolute NNN Industrial
1101 Commerce Parkway Findlay, OH 45840
1101 Commerce Parkway, Findlay, OH, 45840
Contact for pricing
For Sale
Contact for pricing
Absolute NNN industrial asset with 18.5 years remaining and 3% annual increases under current lease terms.
Property Size45,245 SF
Price / SF$106.27
Days on Market31
Property Features for 1101 Commerce Parkway
General Information
- Standard status
- Active
- Size
- 45,245 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1966
Listing agency
Matthews
Listed by
Brett Davis · License #CA
Source
Crexi
Added: Jun 22 Updated: Jul 22 at 12:21PM Checked: Jul 22 at 12:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews
Investment Insights
Based on property information with market context.
This absolute NNN industrial property is being offered for sale. The lease structure features 18.5 years remaining and 3% annual increases.
The property is located at 1101 Commerce Parkway in Findlay, Ohio. The total property size is 45,245 square feet.
The property is located at 1101 Commerce Parkway in Findlay, Ohio. The total property size is 45,245 square feet.
Key Highlights
- 1966‑built industrial asset
- Absolute NNN lease structure
- 18.5 years remaining under current lease terms
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $290.0k | $6.41 |
| − Vacancy | −$24.4k | −$0.54 |
| EGI | $265.6k | $5.87 |
| − OpEx | −$39.8k | −$0.88 |
| NOI | $225.8k | $4.99 |
45,245 SF · lease $6.41/SF/yr · vacancy 8.42% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.23M
$2.82M – $3.76M
NOI $225,761 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$12.62M
$11.04M – $14.72M
NOI $883,411 @ 7.0% cap · market cap 18.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
NNN properties
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FAQs
What type of property is this?
NNN property - Absolute NNN industrial asset with 18.5 years remaining and 3% annual increases under current lease terms.
Where is this nnn property located?
The property is located at 1101 Commerce Parkway Findlay, OH.
What is the asking price?
The asking price for this property is $4,808,000.
What are key features of this property?
This property features: 1966‑built industrial asset; Absolute NNN lease structure; 18.5 years remaining under current lease terms
