Jared - Toledo, OH
5011 Monroe Street, Toledo, OH, 43623, US
THB 63,202,000 | 484 m²
Asset Description
ADDRESS: 21593 LORAIN ROAD, FAIRVIEW PARK, OHIO 44126
147,602 SF
GLA
$1,331,220
YEAR 1 NOI
3.5%
5-YEAR CAGR
3 YEARS
WALT
22 YEARS
WEIGHTED AVERAGE TENURE
1
TAX PARCEL
4
ACCESS POINTS
797/ 5.0
PARKING SPACES/RATIO
1952/1994
YEARS BUILT
18
OCCUPIED TENANT SUITES
4
VACANT TENANT SUITES
...
Attributes
Occupancy
89.9%
Number of buildings
3
Media
Investment Highlights
MARKET DOMINANT GROCERY ANCHOR
◗ 30-year tenure
◗ 640k+ annual visits, 170k more than nearest grocer
◗ 45% of total income
SIGNIFICANT VALUE-ADD POTENTIAL THROUGH VACANT LEASE UP AND PAD SPINDOWN
◗ 89.9% occupied with 4 vacant suites across 15k SF
◗ Includes two single-tenant outlots
RECENT LEASING VELOCITY
◗ Pending 5-year lease with Premier Beauty Supply -1,425 SF
◗ Recent 5-year lease renewal and expansion of Onyx Fitness
IDEAL INCOME DIVERSIFICATION
PRIME LOCATION CATERS TO COMMUNITY AND CLEVELAND SUBMARKET
◗ ¼ mile from Fairview High School and Middle School campuses
◗ Less than 10 miles from downtown Cleveland
Contact brokers
Fairview Centre (0 Properties)
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Last updated
28 Apr 2025
