6750 Wales RdNorthwood, OH 43619

  • Industrial properties
  • 0.46 AC
For Sale
$24,995,000 View listing

Property Details for 6750 Wales Rd

Lot size
0.46 AC
Property type
Industrial properties
Property subtype
Other 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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,926,333
    Hospitality
    $3,596,500
    Educational
    $2,992,246
    Medical
    $3,095,154
    Retail
    $4,654,604
6750 Wales Rd, Northwood, Ohio

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$625
$7,840
-
$7,840
-
$22,400
-
$22,400

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