For Sale
$2,495,000

3100 Central AveToledo, OH 43606

Class A medical office, 44,704 SF, 9% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Class A medical office building, located at 3100 & 3110 W. Central Avenue in Toledo, Ohio, presents a compelling investment opportunity. The property boasts a total of 44,704 square feet across a three-story building, situated on a 1.02 to 1.55-acre lot. Built in phases (1957, 1990, and 2004), with renovations completed in 1990, the building offers a blend of established infrastructure and modern updates. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $236,000, resulting in an attractive 9% capitalization rate. The asking price is $2,495,000, translating to $85.69 per square foot. The property features 130 parking spaces and is zoned CO - Office Commercial. Its prime location within Toledo's Central/Secor retail corridor provides convenient access to the expressway system, surrounded by various retailers, restaurants, and other offices, and is only 0.75 miles from I-475. The building benefits from a campus-like setting and is impeccably maintained, featuring new carpeting in common areas on most of the first floor and the entire second floor. Additional financial information, including a rent roll and income/expense statement, is available upon request. The property's APN is 07-49014

Highlights

  • Convenient access to I-475 via the Central/Secor retail corridor.
  • Surrounded by retailers, restaurants, and other offices.
  • 0.75 miles to I-475.
  • 9% capitalization rate.
  • $236,000 Net Operating Income (NOI); Financial details available upon request.
  • Impeccably maintained medical office building in a campus-like setting.

Property Details for 3100 Central Ave

Property type
Office properties, Medical offices
Square Feet
44,704 SF
Class
A
Year Built/Renovated
1957/1990
Buildings
1
Stories
3
Lot Size (sq. ft)
44,431 SF

Location Insight

City
Toledo
County
Lucas
State
Ohio
Latitude
41.678287663005
Longitude
-83.619050542861
3100 Central Ave, Toledo, Ohio

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3100 Central Ave
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