617 Adams St Toledo, OH 43604

Listing agency Reichle | Klein Group p***@rkgcommercial.com Show Phone

Listed by Peter Shawaker · License #OH 0000341752

Source Crexi

Added: Apr 12 Updated: Jul 22 at 7:34PM Checked: Jul 22 at 7:34PM

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Investment Insights

Based on property information with market context.

This property includes a first-floor retail storefront delivered as a vacant shell, alongside occupied office space with a newly executed lease. Public remarks indicate an average NOI of $71,000/year and a 7.1% cap rate on occupied space.

The occupied portion is supported by a new 10-year lease with GSA (Federal Public Defender) Vista PCS, with five years firm. The first floor is noted with MacPherson Architects, while the second floor is associated with UP Design & TAM.

The offering is presented as an NNN arrangement, with available retail storefront space described at $13.50/SF (NNN).

Key Highlights

• Occupied space: NOI averages $71,000/year with a 7.1% cap rate on occupied space
• New 10‑year lease (five years firm) with GSA for Federal Public Defender: Vista PCS
• 2,500 SF first‑floor retail storefront is a vacant shell

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FAQs

What type of property is this?

Office units - First-floor retail storefront is a vacant shell, while occupied space is supported by a new 10-year GSA lease.

Where is this office units located?

The property is located at 617 Adams St Toledo, OH.

What are key features of this property?

This property features: Occupied space: NOI averages $71,000/year with a 7.1% cap rate on occupied space; New 10‑year lease (five years firm) with GSA for Federal Public Defender: Vista PCS; 2,500 SF first‑floor retail storefront is a vacant shell