Commercial Building for Sale or Lease

Transcription

1 GENERAL INFORMATION Location: Rd Closest Intersection: Alexis & Yermo City, State: Toledo, Ohio County: Lucas Zip: Parcel No: REDUCED! Sale Price: $395,000 Leasing Prices: Suite B (1702 SF): $1,195.00/Mo Gross PROPERTY INFORMATION Building SF: Building Dimensions: Available Area: Land Size: Land Dimensions: Parking: Zoning: Current Use: Traffic Counts: 9, x 204 1,702 SF.9590 Acre 69 Alexis Rd x 330 Depth 66 spaces CR - Regional Commercial Shopping Center 24,820 VPD COMMENTS/FEATURES SITE Newly remodeled 1,702 SF suite All utilities included in rent! Perfect for office or retail uses such as insurance, income tax, realty, legal, medical billing or homecare BUILDING DETAILS Year Built: Type Construction: Heat Fuel/Type: Ceiling Height: Air Conditioning: Roof: Floor: 1972 Brick Gas forced air 8 Central Mansard (flat) Rubber Carpet & tile over concrete Lighting: Restrooms: Delivery Doors: No. of Floors: Sprinklers: Security System: Fluorescent 1 per unit Front door only One No No

2 LEASE SPECIFICATIONS REAL ESTATE TAX INFORMATION Utilities/Heat*: Electricity*: Water*: Real Estate Taxes*: Insurance (Fire & Hazard)*: Content, Liability Insurance: Janitorial: Roof: Structure: CAM*: Improvements: Lease Term: Tenant Tenant Negotiable 3-5 Years Real Estate Tax Year: General Taxes: Special Taxes: Total Annual Taxes: UTILITIES Gas: Water: Sanitary Sewer: Electric: Storm Sewer: 2017 $12, $ 1, $13, Columbia Gas City of Toledo City of Toledo Toledo Edison City of Toledo *Lease subject to reasonable pass-throughs of increased operating expenses from one year to the next Hair Therapy Beauty Salon

3 EXHIBIT A 2200 W. ALEXIS RD SUITES AVAILABLE MAY 21, 2018 Suite Tenant Size (SF) Dimensions Includes Rental Rate $ A Hair Therapy Beauty Salon 1,217 SF 26 wide x 45.5 deep LEASED B Vacant 1,702 SF 36 wide x 45.5 deep 1 Restroom $1,195/Mo Gross* C BobeeHaze Nail Lounge 955 SF 21 wide x 45.5 deep LEASED D Missi s Sports Bar & Lounge 3, wide x 45.5 deep LEASED E Abet Computers 1, wide x 24 deep LEASED 8,829 (7,127) 1,702 Total SF Leased 81% Available 19% 100% *Lease subject to reasonable pass-throughs of increased operating expenses from one year to the next

4 INSIDE WINDOW 45 6 OPEN ARCH BACK OF BUILDING RESTROOM KITCHEN SUITE B 1,702 SF FRONT

5 AVAILABLE SPACE FACING YERMO FRONT OF BUILDING ON ALEXIS RD & SIGN SUITE B LOBBY SUITE B SUITE B BULLPEN SUITE B OFFICE SPACE

6 2200 W. ALEXIS RD CURRENT RENT ROLL MAY 21, 2018 Suite Tenant Sq. Ft. Monthly Rent Expiration Comments A Hair Therapy 1,217 SF $ /30/20 Rent includes CAM Tenant pays utilities B Vacant 1,702 SF $1, Gross rent including CAM and utilities C BobeeHaze Nail Lounge 955 SF $ /31/21 Gross rent including CAM and utilities D Missi s Sports Bar 3,805 SF $2, Mo/Mo* Rent includes CAM Tenant pays utilities E Abet Computers 1,165 SF $1, /31/18 Rent includes CAM Tenant pays utilities Total Monthly $ 5, (Includes vacant suite) Total Annual $70, *Tenant has been there since March 1, 1997

7 2200 W. ALEXIS ROAD PRO-FORMA INCOME/EXPENSE STATEMENT MAY 21, 2018 Gross Scheduled Rent (GSR) ($5,850/Mo x 12) Less: Vacancy (5%) $ 70, $ <3,510.00> Gross Rental Income (GRI) Plus: Reimbursed Operating Expenses Plus: Other Income TOTAL INCOME $ 66, $ -0- $ -0- $66, Less Operating Expenses Real Estate Taxes Building Insurance Building Maintenance Landscaping, Lawn Care Snow Removal Waste Disposal/Sanitation Water/Sewer Gas/Electric (House Account Plus Suites B & C) $13, $ 2, $ $ $ $ 1, $ 3, $ 2, TOTAL OPERATING EXPENSES OPERATING INCOME Less: Management Fee ($100/Mo.) Roof/Structure Reserve (2% of GRI) NET OPERATING INCOME (NOI) $ 23, $ 42, $<1,200.00> $<1,400.00> $ 40,290.00

8 DEMOGRAPHICS Population 1.0 Miles: 3.0 Miles: 5.0 Miles: 2010 Total Population 11,310 94, , Total Population 11,355 92, , Total Population 11,309 92, , Annual Rate -0.08% -0.18% -0.19% Households Income ,643 39,221 74, ,685 38,943 74, ,675 38,712 73, Annual Rate -0.04% -0.12% -0.12% Median Household Income $43,888 $48,263 $44,238 Average Household Income $55,925 $59,273 $60,540 Per Capita Income $23,193 $24,937 $25, Median HH Income $43,888 $48,263 $44, Median HH Income $51,045 $53,437 $50, Annual Rate 3.07% 2.06% 2.55% Households by Income Number Percent Number Percent Number Percent < $15, % 4, % 11, % $15,000 - $24, % 4, % 9, % $25,000 - $34, % 4, % 8, % $35,000 - $49, % 6, % 10, % $50,000 - $74, % 8, % 13, % $75,000 - $99, % 5, % 8, % $100,000 - $149, % 4, % 7, % $150,000 - $199, % % 2, % $200, % % 1, % Race and Ethnicity Number Percent Number Percent Number Percent White Alone 10, % 78, % 128, % Black Alone % 7, % 39, % American Indian Alone % % % Asian Alone % % 2, % Pacific Islander Alone 0 0.0% % % Some Other Race Alone % 1, % 3, % Two or More Races % 3, % 6, % Hispanic Origin (Any Race) % 5, % 10, %