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Turtle Creek Medical Complex 22 Turtle Creek Cir

15,972 SF 100% Leased Office Building Swanton, OH 43558 $1,800,000 ($113/SF) 7.31% Cap Rate

Investment Highlights

  • Extremely well maintained
  • Full NNN leases

Executive Summary

CONTACT BROKER FOR RENT ROLL AND LEASING OPTIONS. Two vacancies with 76% occupancy. Extremely well-maintained medical offices. All leases have renewal options and are fully NNN. Tenants: Mercy, Toledo Hospital, and McLaren.

Property Facts

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
15,972 SF
Building Class
B
Year Built
2001
Price
$1,800,000
Price Per SF
$113
Cap Rate
7.31%
NOI
$131,612
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
15,972 SF
Building FAR
0.81
Land Acres
0.45 AC
Zoning
B-3 - Central Business
Parking
58 Spaces (3.63 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Reception
  • Central Heating
  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Mercy Health Physicians - North, LLC
  • Health Care and Social Assistance
  • -
  • -
  • -
  • Health Care and Social Assistance
  • -
  • -
  • -

They're a mission-driven, not-for-profit organization focused on improving the health and well-being of those in their communities. Driven by clinical excellence and committed to exceptional experiences, they’re advancing health outcomes and changing lives. Throughout their hospitals, physician offices, memory care communities and more, they’re dedicated to creating a culture of caring. Wherever patients are in their health journey, they’re there to help them live their healthiest life.

  • St Luke's Hospital Physical
  • Health Care and Social Assistance
  • -
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Mercy Health Physicians - North, LLC Health Care and Social Assistance - - -
Health Care and Social Assistance - - -
St Luke's Hospital Physical Health Care and Social Assistance - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 1,970 SF
  • Office
  • Shell Space
  • 30 Days
  • 1st Floor
  • 1,901 SF
  • Office
  • Shell Space
  • 30 Days
Space Size Space Use Condition Available
1st Floor 1,970 SF Office Shell Space 30 Days
1st Floor 1,901 SF Office Shell Space 30 Days

1st Floor

Size
1,970 SF
Space Use
Office
Condition
Shell Space
Available
30 Days

1st Floor

Size
1,901 SF
Space Use
Office
Condition
Shell Space
Available
30 Days

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
75-08834
Land Assessment
$9,485
Improvements Assessment
$139,545
Total Assessment
$149,030
  • Listing ID: 27907928

  • Date on Market: 3/7/2023

  • Last Updated:

  • Address: 22 Turtle Creek Cir, Swanton, OH 43558

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