For Sale
$24,995,000

6750 Wales Rd Northwood, OH 43619

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

Overview

Added:
Dec 11, 2024
Days on market:
135
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

FAQs

What type of property is this?
Office property - Ohio NNN Lease, 213K SF, 8.08% Cap Rate
Where is the office property located?
The property is located at 6750 Wales Rd Northwood, OH.
What is the asking price?
The asking price for this property is $24,995,000.
What are key features of this property?
This property features: 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).
How can I contact the broker?
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6750 Wales Rd
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