Property summary
This exceptional 152,659-square-foot industrial property, located at 2840 Centennial Road, offers a unique blend of office and warehouse space ideal for various businesses. The property sits on a substantial 15.4-acre lot and features two suites, with a minimum divisible space of 30,000 square feet and a maximum contiguous space of 42,435 square feet. Currently, 72,435 square feet is available for lease. The building, constructed in 1976 and renovated in 2002, boasts a Class B rating and is a two-story structure. Office space totals approximately 19,000 square feet, while the warehouse space encompasses roughly 135,000 square feet. Ceiling heights range from 9 to 12 feet in the office areas and 16 to 40 feet in the warehouse. The property includes 14 loading docks, 4 dock-high doors, 6 overhead doors, and a 12-truck well/dock. Ample parking is provided with 280 spaces. The building features a robust power supply (240/120/208 volts, 1600 amps, 3-phase, 3000 KVA transformer on-site), a security system, eight restrooms (four in the warehouse and four in the office), and an Early Suppression Fast Response (ESFR) sprinkler system with a backup pump. The property is zoned Industrial/M-1 and benefits from its location on Central Avenue (US-20), a heavy haul route. The building's exterior features sheet metal siding, and the structural system consists of pre-engineered steel beams and a metal roof. The warehouse floors are concrete. Heating is provided by gas-fired unit heaters, and central air conditioning is available in the office areas. Monument and facade signage opportunities are available.
Property profile
VerifiedCap rate & NOI
Current use
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Distribution Center Logistics Company
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Factory Production Facility
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
20-M1 · Toledo, OHZoning
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Zoning designation
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