2201-2181 Tedrow RdToledo, OH 43614

Property Details for 2201-2181 Tedrow Rd

Year built

1996

Property size (Sq ft)

11,550 SF

Property type

Industrial properties

Property subtype

Other warehouses

Description

This exceptional investment opportunity presents a 11,550 square foot industrial warehouse located at 2201-2181 Tedrow Road, Toledo, Ohio 43614. The property consists of three single-story buildings, totaling 65 units, built in 1996/1998 and extensively renovated in 2024. Currently occupied by a single tenant under a triple-net (NNN) lease, this property offers a secure and passive income stream. The tenant, Konecranes, a publicly traded company, signed a brand new five-year lease commencing February 1st, 2024. Konecranes has a long history with this location, having been a tenant since the early 2000s, demonstrating a strong commitment to the property. The asking price is $850,000, projecting a pro-forma cap rate of 10%. This is a rare opportunity to acquire a stable, high-yielding industrial and self-storage investment with a strong tenant and a proven track record. The property's location in Lucas County, Ohio provides excellent access to major transportation routes and a robust local economy. Detailed financial information is available upon request.

Location Insight

City

Toledo

County

Lucas

State

Ohio

Latitude

41.5989

Longitude

-83.6195

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