6750 Wales Rd Northwood, OH 43619
- Industrial properties
- 0.46 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 6750 Wales Rd
- Lot size
- 0.46 lot acres
- Property type
- Industrial properties
- APN
- M50-812-3100-00-032.001
- APU
- M50812310000032001
Description
This exceptional investment opportunity presents a 213,687 square foot Class A medical office building situated on a 21-acre lot in Northwood, Ohio. The property, located at 6750 Wales Rd, 43619, benefits from a highly desirable location within one mile of I-75. Currently operating under a single-tenant, net lease (NNN) agreement with an international credit tenant, this property offers a secure and stable investment. The lease commenced October 31, 2022, and has a remaining term of approximately 7.9 years, expiring October 30, 2032. The building is 100% occupied, generating a substantial net operating income (NOI) of $2,020,824, resulting in an attractive 8.08% cap rate. The asking price is $24,995,000, translating to a price per square foot of $116.97. The property is zoned M2 and comprises three adjoining buildings with a rich history spanning over 55 years. Lease options are available. This is a sale for leaseback opportunity.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Northwood
- County
- Wood
- State
- Ohio
- Longitude
- -83.5248
- Latitude
- 41.6091
- CBSA code
- 45780
- CBSA name
- TOLEDO, OH METROPOLITAN STATISTICAL AREA
