- For Sale $510,366
- Property Type Industrial - Manufacturing
- Property Size 7,200 SF
- Units 3
- Lot Size 0.32 Acre
- Property Tenancy Multi-Tenant
- Year Built 1987
- Date Updated Jun 22, 2026
- Grade Level Doors 3
- Electricity Service 200a/208v 3p
- HVAC None
Description
Located in Sylvania, Ohio, one of Northwest Ohio's most sought-after communities, this
property benefits from a prime suburban setting within the greater Toledo metropolitan
area. Sylvania is known for its strong residential neighborhoods, highly regarded school
system, abundant parks and recreational amenities, and overall quality of life. The
community consistently attracts families and professionals seeking convenient access to
urban amenities while enjoying the character and stability of a well-established suburban
environment.
The location offers excellent connectivity to major transportation corridors, including
Interstate 475, U.S. Route 23, and the Ohio Turnpike, providing convenient access
throughout Northwest Ohio and Southeast Michigan. Downtown Toledo, the Toledo
Express Airport, and numerous regional employment centers are all within a short drive,
making the area attractive for commuters and residents alike.
Residents enjoy close proximity to a wide variety of shopping, dining, healthcare, and
entertainment options. The surrounding area is home to numerous national and local
retailers, grocery stores, restaurants, and professional services that support daily living
needs. Recreational opportunities are abundant, with several Metroparks, community
parks, walking trails, sports facilities, and year-round outdoor activities located throughout
the area.
The surrounding neighborhood is characterized by attractive residential development,
mature landscaping, and a strong sense of community. The area's housing stock consists
primarily of well-maintained single-family homes, contributing to long-term neighborhood
stability and sustained demand. Sylvania's reputation for educational excellence, public
safety, and community investment continues to support strong residential appeal and
property values.
Overall, this location offers an exceptional combination of suburban convenience, regional
accessibility, quality public services, and a desirable community setting. Its proximity to
major transportation routes, employment centers, retail amenities, and recreational
destinations positions it as an attractive location within one of the Toledo region's most
established and desirable residential markets..
Highlights
- 100% occupied multi-tenant flex — three in-place tenants across 7,200 SF provide diversified, stabilized cash flow and insulate ownership from the binary vacancy risk of a single-tenant asset
- Attractive 9.00% cap rate on $45,933 NOI — strong going-in yield relative to comparable Northwest Ohio flex and small-bay product
- Flexible 31-M1 Light Industrial zoning supports a broad range of permitted uses, supporting long-term tenant demand and exit optionality
- Functional small-bay configuration — 1,800–3,600 SF suites with grade-level loading appeal to the deep pool of local users (trades, light manufacturing, distribution, service), keeping the re-tenanting universe wide
- High-demand Sylvania location — affluent suburban submarket (avg. HH income $105K+ within 1 mile) with immediate access to I-475/U.S. 23 and the Monroe St. retail corridor
- Mark-to-market upside — in-place rents averaging $8.67/SF leave room to push toward market on renewal or rollover across the three units
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Contacts
Hunter Rupp
Encore Real Estate Investment Services
Location
Contact Listing Broker
Hunter Rupp
Encore Real Estate Investment Services