Net Leased Investment
For Sale
$3,859,548
7311 Crossleigh Court, Toledo, OH 43617
14,076 square-foot building leased to Morgan Stanley located in Toledo, Ohio
Property Size14,076 SF
Lot Size0.32 Acres
Price / SF$274.19
Days on Market575
Property Features for 7311 Crossleigh Court
General Information
Standard status
Active
Property type
Other retail properties, Individual retail properties, Retail properties & Spaces
Size
14,076 SF
Elevators
N/A
Lot size
0.32 Acres
Building Details
Buildings
1
Listing Agency:
(415) 269-2474
Listed By:
Jacob
(415) 269-2474
Added: Jan 24, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This property features 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. The 0.32-acre lot offers a stable investment prospect with a long-term, creditworthy tenant. This location has access to Interstate 475 (94,720 vehicles per day) and is close to Central Avenue (32,715 vehicles per day). Central Avenue features 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 demographics, with 105,267 residents and an average household income of $113,000 within a three-mile radius.
Key Highlights
- Net Lease with Minimal Landlord Obligations
- Corporate Guarantee - NYSE: MS
- Located within Highly Desirable Business Park
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
170
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Round Table Pizza
Dining
6,540 visits/mo
0.4 miles
Demographics for 43617, OH
7,659
Population
3,248
Households
2.4
Avg Household Size
44
Median Age
51%
College-Educated
97%
High-School Grad
5.2 sq mi
ZIP Area
1,473
Density / Sq Mi
$131,935
Median Household Income
$61,927
Median Earnings
$1,145
Median Rent
$271,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Other retail property - 14,076 square-foot building leased to Morgan Stanley located in Toledo, Ohio
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: Net Lease with Minimal Landlord Obligations; Corporate Guarantee - NYSE: MS; Located within Highly Desirable Business Park
