Danfoss R&D Office
For Sale
Contact for pricing
1660 Indian Wood Cir, Maumee, OH 43537
Research and development facility occupied by Danfoss within an established industrial park near Interstate 90.
Property Size37,064 SF
Price / SF$177.76
Days on Market199
Property Features for 1660 Indian Wood Cir
General Information
Standard status
Active
Size
37,064 SF
Class
A
Property subtype
Industrial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$494,133
Additional Details
Highway Access
Yes
Building Details
Year Built
1988
Buildings
1
Units
1
Tenancy
Single
Owner Occupied
No
Listing Agency:
Marcus & Millichap - Minneapolis
Listed By:
Tom Gommels · License #MN
Source:
Crexi
Added: Apr 1
Changed: Oct 15
Last Checked: Oct 15 at 12:01AM
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 Marcus & Millichap - Minneapolis
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Investment Insights
Based on property information with market context.
The 37,064-square-foot office facility at 1660 Indian Wood Cir supports research, engineering, testing, and product development activities for Danfoss Power Solutions. Built in 1988, the property serves as an R&D location for Danfoss’s Hydraulics Division and is positioned within an established industrial park with other corporate users.
The site is directly adjacent to the Danfoss Hydraulics Training Headquarters, which is not included in the sale, and offers immediate access to Interstate 90 and a major retail corridor. Danfoss has exercised a five-year lease option that includes a rent increase. Planned exterior work includes parking-lot repairs and sealing, concrete apron and sidewalk replacement, and driveway resurfacing to the overhead door, with completion scheduled by October 31, 2026.
The site is directly adjacent to the Danfoss Hydraulics Training Headquarters, which is not included in the sale, and offers immediate access to Interstate 90 and a major retail corridor. Danfoss has exercised a five-year lease option that includes a rent increase. Planned exterior work includes parking-lot repairs and sealing, concrete apron and sidewalk replacement, and driveway resurfacing to the overhead door, with completion scheduled by October 31, 2026.
Key Highlights
- 37,064‑square‑foot Danfoss Power Solutions R&D facility
- Built in 1988 and used for engineering, testing, and product development
- Danfoss exercised a five‑year lease option with a rent increase
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$306,500
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,130,000
$6.1M
Cap Rate 7%
$4,378,571
$4.4M
Cap Rate 9%
$3,405,556
$3.4M
Market Conditions
NOI Build-Up for 37,064 SF
Gross rent
$489.2K $13.20/SF
− Vacancy
−$80.6K −$2.17/SF
EGI
$408.7K $11.03/SF
− OpEx
−$102.2K −$2.76/SF
NOI
$306.5K $8.27/SF
Area
Lucas County, OH
Vacancy
16.47%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,130,000
Cap Rate 7%
$4,378,571
Cap Rate 9%
$3,405,556
Alternative Uses
Best Use
Office B
$4.38M
$3.83M – $5.11M
NOI $306,500 @ 7.0% cap · market cap 4.65%
Second Best
Industrial
$2.82M
$2.47M – $3.29M
NOI $197,209 @ 7.0% cap · market cap 2.99%
Theoretical Best
Specialty Retail
$6.78M
$5.94M – $7.91M
NOI $474,845 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,192
Businesses Nearby
Explore this area
Business Placement
Demographics for 43537, OH
29,075
Population
13,071
Households
2.2
Avg Household Size
44
Median Age
42%
College-Educated
97%
High-School Grad
18.6 sq mi
ZIP Area
1,563
Density / Sq Mi
$85,919
Median Household Income
$49,020
Median Earnings
$1,017
Median Rent
$235,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Research and development facility occupied by Danfoss within an established industrial park near Interstate 90.
Where is this office building located?
The property is located at 1660 Indian Wood Cir Maumee, OH.
What is the asking price?
The asking price for this property is $6,588,440.
What are key features of this property?
This property features: 37,064‑square‑foot Danfoss Power Solutions R&D facility; Built in 1988 and used for engineering, testing, and product development; Danfoss exercised a five‑year lease option with a rent increase
