6750 Wales RdNorthwood, OH 43619

Property Details for 6750 Wales Rd

Lot size

0.46 AC

Property type

Industrial properties

APN

M50-812-3100-00-032.001

APU

M50812310000032001

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $7,552,500

  6.5%

  $6,971,540

  7%

  $6,473,570

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,998,970

  Geo Method

  $2,998,970

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $3,593,280

  Mixed-Use / Specialty

  $3,594,910

  Hospitality / Lodging

  $2,656,260

  Office

  $3,588,580

  Institutional / Educational

  $3,742,410

  Residential Income

  $4,378,620

  Multifamily

  $5,171,470

  Automotive / Energy

  $3,207,780

  Parking / Income-Based Land

  $1,092,710

  Restaurant / Food Service

  $1,900,540

  Healthcare / Senior Housing

  $3,671,710

Location Insight

City

Northwood

County

Wood

State

Ohio

Latitude

41.6091

Longitude

-83.5248

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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