7311 Crossleigh CourtToledo, OH 43617

Property Details for 7311 Crossleigh Court

Property type

Retail properties

Description

The subject is a 14,076 square-foot building leased to Morgan Stanley located in Toledo, Ohio. The lease calls for minimal landlord obligations including roof and structure. The lease is corporately guaranteed by Morgan Stanley, expiring in April 2028 with three, 5-year options for renewal at fair-market value. The building is free-standing and part of a larger business park complex. There is an association and the tenant reimburses the dues. Tenant also reimburses operating expenses and pays property taxes. There is a 3.5% cap on increases year over year for operating expenses (not including property taxes). The location within the business park is desirable business and the surrounding area shows strong demographics for both density and income (105,267 residents and $113,000 Avg HH Income within a 3-Mile Radius). The site has easy access Interstate 475 (94,720 VPD) and close by to Central Ave (32,715 VPD), a major commercial thoroughfare which features tenants such as Lowe’s Home Improvement, Arby’s, Take 5 Oil Change, Taco Bell, Meijer Pharmacy, Pet Supplies Plus, Advance Auto Parts & more. In Association with ParaSell, Inc. | A Licensed Ohio Broker #REC.2020005946 Location Description Toledo is a city in and the county seat of Lucas County, Ohio, United States. At the 2020 census, it had a population of 270,871, making Toledo the fourth-most populous city in Ohio, after Columbus, Cleveland, and Cincinnati. Toledo is the 84th-most populous city in the United States. It is the principal city of the Toledo metropolitan area, which had 606,240 residents in 2020. Toledo also serves as a major trade center for the Midwest; its port is the fifth-busiest on the Great Lakes.

Location Insight

City

Toledo

County

State

Ohio

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