Medical Office Building with Surgery
For Sale
Contact for pricing
Pending
846 S Coy Rd., Oregon, OH 43616
Occupied healthcare facility with an ambulatory surgery center and an absolute NNN lease structure.
Property Size10,635 SF
Lot Size1.70 Acres
Days on Market42
Property Features for 846 S Coy Rd.
General Information
Standard status
Pending
Size
10,635 SF
Lot size
1.70 Acres
Property subtype
Office
Building Details
Buildings
1
Building Size
10,635 SF
Tenancy
Single
Listing Agency:
Northmarq - Tulsa
Listed By:
Jeffrey Matulis · License #OK 148554
Source:
Crexi
Added: Jul 21
Changed: Aug 31
Last Checked: Aug 31 at 12:21AM
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 Northmarq - Tulsa
Investment Insights
Based on property information with market context.
This 10,635-square-foot medical office building and ambulatory surgery center occupies an approximately 1.7-acre parcel at 846 S. Coy Rd. The facility is occupied by Toledo Pain Management and West Central Surgery Center - Bayside, which together operate as Comprehensive Centers for Pain Management. The lease has over ten (10) years remaining on a fifteen (15) year base term, includes two percent (2.0%) annual rental increases, and uses an absolute NNN structure with no landlord responsibilities.
The property is positioned within a retail corridor that includes Rite Aid, ProMedica Urgent Care, and Kroger, and is just minutes from downtown Toledo. Two hospitals, Mercy St. Charles Medical Center and ProMedica Bay Park Hospital, are within a half-mile. The operating physicians have personally guaranteed the lease, and the tenant maintains an operating agreement with ProMedica Toledo Hospital, a 50% owner in West Central Surgery Center - Bayside.
The property is positioned within a retail corridor that includes Rite Aid, ProMedica Urgent Care, and Kroger, and is just minutes from downtown Toledo. Two hospitals, Mercy St. Charles Medical Center and ProMedica Bay Park Hospital, are within a half-mile. The operating physicians have personally guaranteed the lease, and the tenant maintains an operating agreement with ProMedica Toledo Hospital, a 50% owner in West Central Surgery Center - Bayside.
Key Highlights
- 10,635‑square‑foot medical office building and ambulatory surgery center
- Approximately 1.7‑acre parcel at 846 S. Coy Rd., Oregon, OH 43616
- Over ten (10) years remaining on a fifteen (15) year base term
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43616, OH
20,480
Population
8,901
Households
2.3
Avg Household Size
45
Median Age
24%
College-Educated
94%
High-School Grad
38.4 sq mi
ZIP Area
533
Density / Sq Mi
$82,105
Median Household Income
$42,696
Median Earnings
$876
Median Rent
$190,500
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Occupied healthcare facility with an ambulatory surgery center and an absolute NNN lease structure.
Where is this medical office space located?
The property is located at 846 S Coy Rd. Oregon, OH.
What are key features of this property?
This property features: 10,635‑square‑foot medical office building and ambulatory surgery center; Approximately 1.7‑acre parcel at 846 S. Coy Rd., Oregon, OH 43616; Over ten (10) years remaining on a fifteen (15) year base term
