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Medical Office Condominium
For Sale
Contact for pricing
Pending

1861 Towne Park Dr, Troy, OH 45373

Established clinical workspace with a renewed lease and tenant-paid property expenses.

Property SizeContact for details
Days on Market142

Property Features for 1861 Towne Park Dr

General Information

Standard status Pending
Property subtype Office

Building Details

Tenancy Single
Listing Agency: Our Corporate Real Estate Department
Listed By: Jordan Romberger · License #OH SAL.2004015451
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 9:28PM

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 Our Corporate Real Estate Department

Investment Insights

Based on property information with market context.

This medical office condominium is occupied by Retina Surgeons, whose tenancy dates to 2007. A five-year renewal has been signed, providing continued lease coverage for the property. The lease is structured as true NNN, with the tenant responsible for all expenses. Contractual rent includes 2% annual increases.

The property is located at 1861 Towne Park Dr in Troy, Ohio. Its medical-office configuration and existing lease structure provide a clearly defined operating profile for ownership review.

Key Highlights

  • Medical office condominium at 1861 Towne Park Dr, Troy, OH 45373
  • Retina Surgeons has leased the property since 2007
  • Tenant has signed a 5 year renewal

Property Analytics

Current Use

Bruce Buerk, MD Ophthalmologist Dr. Warren M. ... Ophthalmologist Dr. C Michael ... Physician Dayton Head And Neck ... Physician Scott Schoenberger, MD Ophthalmologist

Suggested Use

Top Pick Building Supply Law Firm Hair Salon Kitchen & Bath Showroom Big Box & Wholesale Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

507
Businesses Nearby
Well-served
Demand for This Use

Demographics for 45373, OH

36,863
Population
15,691
Households
2.3
Avg Household Size
41
Median Age
33%
College-Educated
93%
High-School Grad
87.7 sq mi
ZIP Area
420
Density / Sq Mi
$78,278
Median Household Income
$47,859
Median Earnings
$933
Median Rent
$234,400
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Established clinical workspace with a renewed lease and tenant-paid property expenses.
Where is this medical office space located?
The property is located at 1861 Towne Park Dr Troy, OH.
What are key features of this property?
This property features: Medical office condominium at 1861 Towne Park Dr, Troy, OH 45373; Retina Surgeons has leased the property since 2007; Tenant has signed a 5 year renewal
(937) 361-9461 Call to check price and availability
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