Vacant Manufacturing Building 3444 N Summit Drive Toledo, OH 43611 2 SANDS INVESTMENT GROUP EXCLUSIVELY MARKETED BY
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1 Vacant Manufacturing Building 3444 N Summit Drive Toledo, OH 43611 2 SANDS INVESTMENT GROUP EXCLUSIVELY MARKETED BY: BILL ROBERTSON COLE KOEPSELL Lic. # 403061 Lic. # 405304 770.672.5614 | DIRECT 770.672.5564 | DIRECT [email protected] [email protected] SOLOMON COLVIN III SCOTT REID Lic. # 205030 OH Lic. # BRKP.2020001224 770.744.4555 | DIRECT 949.942.6585 | DIRECT [email protected] [email protected] 1501 Johnson Ferry Road, Suite 200 Marietta, GA 30062 844.4.SIG.NNN www.SIGnnn.com In Cooperation With ParaSell, Inc., A Licensed Ohio Broker Lic. # REC.2020005946 BoR: Scott Reid – Lic. # BRKP.2020001224 3 SANDS INVESTMENT GROUP TABLE OF CONTENTS 04 06 11 INVESTMENT OVERVIEW PROPERTY OVERVIEW AREA OVERVIEW Investment Summary Property Images City Overview Investment Highlights Location, Aerial & Retail Maps Demographics © 2021 Sands Investment Group (SIG). The information contained in this ‘Offering Memorandum’, has been obtained from sources believed to be reliable. Sands Investment Group does not doubt its accuracy; however, Sands Investment Group makes no guarantee, representation or warranty about the accuracy contained herein. It is the responsibility of each individual to conduct thorough due diligence on any and all information that is passed on about the property to determine its accuracy and completeness. Any and all projections, market assumptions and cash flow analysis are used to help determine a potential overview on the property, however there is no guarantee or assurance these projections, market assumptions and cash flow analysis are subject to change with property and market conditions. Sands Investment Group encourages all potential interested buyers to seek advice from your tax, financial and legal advisors before making any real estate purchase and transaction. ACTUAL PROPERTY IMAGE SANDS INVESTMENT GROUP 4 INVESTMENT SUMMARY Sands Investment Group is Pleased to Exclusively Offer For Sale the 115, 300 SF Warehouse Facility That is Situated on 4 . 80 Acres at 3444 N Summit Street in Toledo, Ohio. This Opportunity Includes a Vacant Building With a Perfect Location For an Owner/User as a Manufacturing Facility. OFFERING SUMMARY PRICE $3,747,250 PRICE PER SF $32.50 PROPERTY SUMMARY ADDRESS 3444 N Summit Street Toledo, OH 43611 COUNTY Lucas BUILDING AREA 115,300 SF LAND AREA 4.80 AC BUILT 1914 VACANT MANUFACTURING BUILDING 5 HIGHLIGHTS • Warehouse and Office Space That Contains • In 2020, Amazon Built a Brand-New 640,000 SF 115,300 SF Situated on 4.80 Acres of Land Fulfilment Center Located Approximately 12 Miles From the Subject Property • Ceiling Height 11’-16’ • Over 139,900 Residents Live Within a 10-Mile Radius Making an Average Household Income of • Plenty of Power With 2000 Amps, 480V $48,712 • This Class C Building Features 3 Floors, 2 Sets of • Located Near the Interstate 280 (49,639 VPD) Stairs, 110,300 SF of Manufacturing Space and and Interstate 75 (79,795 VPD) Interchange 5,000 SF of Office Space • Nearby Tenants: Rite Aid, Subway, Wendy’s, • Building Also Includes 8 Dock Doors, 3 Freight Family Dollar, Citi Trends, Walmart Supercenter, Elevators, Sprinklers and a Fenced Lot Dollar Tree, 7-Eleven, Dollar General and More • Food Grade Building ACTUAL PROPERTY IMAGES 6 7 TOLEDO OWNER | USER OPPORTUNITY 8 OWNER | USER OPPORTUNITY Summit St 9 OWNER | USER OPPORTUNITY Summit St 10 Summit St OWNER | USER OPPORTUNITY TOLEDO | LUCAS COUNTY | OHIO Toledo is a city located in northwestern Ohio just south of the11 Michigan border. Situated on the western end of Lake Erie, the city serves as the county seat of Lucas County. Toledo is located near the intersection of three major Interstate highways: I-80, I-90 and I-75. Two other Interstates (I-280 and I-475) run through the city, which is also serviced by U.S. Routes 20 and 24 and Ohio State Highways 2 and 65. The city is home to the University of Toledo, one of the state's largest institutes of higher learning. Toledo, the fourth largest city in Ohio is approximately 150 miles north of Columbus, 120 miles west of Cleveland, and 50 miles south of Detroit, Michigan. The City’s elevation is approximately 614 feet above sea level. The City and the Toledo Metropolitan Statistical Area (MSA) have diverse economies in both their manufacturing and their increasingly important service sectors. Within the Toledo MSA are manufacturers of automobiles and automotive parts, glass, wood products, grain and food products, petroleum, chemicals, machinery, tools, rubber products, plastics, die-castings and solar energy panels. Among the largest service sector employers in the Toledo MSA are health care providers, public higher educational institutions, local governments, public utilities, freight and transportation companies, and financial institutions and retailers. the City announced the sale of the former Southwyck Mall property to Amazon for the purposes of constructing a 150,000 square foot delivery station. Amazon will directly employ 110 employees and will contract with an additional 300 independent contractors for delivery services. In January 2020, the City sold 50 acres within the Triad Business Park for $1.05 million to Rolled Alloys Inc. for purposes of relocating its corporate headquarters. Toledo classics like the world-renowned Toledo Museum of Art and Toledo Zoo & Aquarium are one-of-a-kind attractions not to be missed. One can get a unique perspective of the area from the water with a boat ride on the Sandpiper Boat or Canal Experience or can visit the fascinating National Museum of the Great Lakes. Aerial Course Adventure and zip line at the Toledo Zoo, High Wire Cycle at Imagination Station and Hollywood Casino Toledo are the few other attractions. That’s just a sampling of the abundant attractions Toledo has ready for everyone to experience. TOLEDO, OH TOLEDO MUSEUM OF ART LUCAS COUNTY COURTHOUSE 12 OWNER | USER (79,795 VPD) OPPORTUNITY Brenner 75 at Harrison Marina (22,343 VPD) (49,639 VPD) 1 MILES 3 MILES 5 MILES POPULATION 4,261 49,147 139,987 Summit St (8,620 VPD) AVERAGE HH $33,954 $45,198 $48,712 INCOME ACTUAL PROPERTY IMAGE SANDS INVESTMENT GROUP 13 CONFIDENTIALITY AGREEMENT The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Sands Investment Group and should not be made available to any other person or entity without the written consent of Sands Investment Group. This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, Sands Investment Group has not verified, and will not verify, any of the information contained herein, nor has Sands Investment Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. By receipt of this Memorandum, you agree that this Memorandum and its contents are of confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose its contents in any manner detrimental to the interest of the Owner. You also agree that by accepting this Memorandum you agree to release Sands Investment Group and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property. EXCLUSIVELY MARKETED BY: 14 BILL ROBERTSON COLE KOEPSELL Lic. # 403061 Lic. # 405304 770.672.5614 | DIRECT 770.672.5564 | DIRECT [email protected] [email protected] In Cooperation With ParaSell, Inc., A Licensed Ohio Broker SOLOMON COLVIN III SCOTT REID Lic. # REC.2020005946 BoR: Scott Reid – Lic. # BRKP.2020001224 Lic. # 205030 OH Lic. # BRKP.2020001224 770.744.4555 | DIRECT 949.942.6585 | DIRECT [email protected] [email protected] Vacant Manufacturing Building 3444 N Summit Drive Toledo, OH 43611.