For Sale
$24,995,000

6750 Wales RdNorthwood, OH 43619

Ohio NNN Lease, 213K SF, 8.08% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Highlights

  • 213,687 SF Class A medical office building on a 21-acre lot in Northwood, OH.
  • Located at 6750 Wales Rd, 43619, within one mile of I-75.
  • Single-tenant, NNN lease with an international credit tenant; 7.9 years remaining (expires 10/30/2032).
  • 100% occupied, generating $2,020,824 NOI and an 8.08% cap rate.
  • Asking price: $24,995,000 ($116.97/SF); M2 zoning; sale-leaseback opportunity.

Property Details for 6750 Wales Rd

Property type
Office properties, Medical offices
Square Feet
213,687 SF
Class
A
Lot Size (sq. ft)
914,760 SF

Location Insight

City
Northwood
County
Wood
State
Ohio
Latitude
41.6103521
Longitude
-83.5257304
6750 Wales Rd, Northwood, Ohio

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
6750 Wales Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message