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Prime Industrial Land for Sale in Toledo, OH

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Prime Industrial Land for Sale in Toledo, OH RACER TRUST PROPERTY AVAILABLE IN TOLEDO, OH 1 Prime industrial land for sale in Toledo, OH Created May 10, 2012 • Updated January 17, 2019 racertrust.org racertrust.org RACER TRUST PROPERTY AVAILABLE IN TOLEDO, OH 2 Table of Contents 3 Property Summary 4 Property Location 5 Property Assets 6 Property Details 7 Property Ownership and Recent History 8 Community Vision for Property 10 Environmental Conditions 11 Collateral Information, including: Access/Linkage * Airports * Port Facilities * Regional Bus Service * Utilities and Natural Gas * Zoning and Business Assistance * Small Business Centers 18 Regional* Overview, including: Community Snapshot * Workforce * Education * Largest Employers * Medical Facilities and Emergency Services * Links to Helpful Resources 27 Demographic* Information 29 RACER Summary 30 Conditions 31 Transaction Guidelines/Offer Instructions 32 Links for Buyers racertrust.org RACER TRUST PROPERTY AVAILABLE IN TOLEDO, OH 3 Property Summary Toledo Landfill Land 5400 Jackman Road Toledo, OH 43613 This 34.12-acre vacant land, which was associated with the GM Powertrain facility to the north, is covered with trees and vegetation. Silver Creek passes through the Property. The site, zoned M-2 Industrial, also includes a former stormwater pond and a former five-acre disposal area. County: Lucas Land Area: 34.12 acres General Description: Vacant parcel (former landfill) Zoning: Zoning details can be found in the Property Details pages. Tax Parcel Number: 22-04018 RACER Site Number: 10990 More information about this property may be reviewed on RACER’s website at www.racertrust.org/Properties/PropertyDetail/Toledo_10990 racertrust.org Toledo Landfill Land (Site #10990) 4 Available RACER TRUST PROPERTY AVAILABLE IN TOLEDO, OH Polygon 1 Property Location Toledo Landfill Land 5400 Jackman Road Toledo, OH 43613 22-04018 34.12+/- acres M-2, Industrial Available ©2017 Google View an interactive map of the Property at http://bit.ly/toledo-landfill. *Disclaimer: Property boundaries presented on this map are for informational purposes only and have not been prepared for legal, engineering, or surveying purposes. RACER makes no representations as to the accuracy of the maps, aerial photographs, or boundary depictions contained herein. racertrust.org RACER TRUST PROPERTY AVAILABLE IN TOLEDO, OH 5 Property Assets • 34.12-acre vacant parcel • Electricity and water available at the site • No significant environmental investigations anticipated in the future racertrust.org RACER TRUST PROPERTY AVAILABLE IN TOLEDO, OH 6 Property Details Overview Location 5400 Jackman Road, Toledo, OH 43613 Zoning/Tax ID Number(s): M-2, Industrial: 22-04018 Total Land Area of Property (Acres) 34.12 Total Assessment $36,930 Total Annual Property Taxes $3,612 (2016) Shape Irregular Number of Structures at Property None Electricity Available at site Water Available at site Sulfur Dioxide (2010) Attainment Area Particulate Matter 2.5 (2006) Attainment Area Lead (2008) Attainment Area Carbon Monoxide Attainment Area 8-Hour Ozone (2008) Attainment Area Nitrogen Dioxide Attainment Area Particulate Matter 10 Attainment Area Rail Service Ann Arbor Railroad Name and Proximity to Nearest Interstate Highway(s) I-75 (approximately 4 miles) Name and Proximity to Nearest Commercial Airport(s) Toledo Express Airport (20 miles) Port of Toledo (approximately 9 miles); Port of Detroit Name and Proximity to Nearest Commercial Seaport(s) (approximately 58 miles) racertrust.org RACER TRUST PROPERTY AVAILABLE IN TOLEDO, OH 7 Property Ownership and Recent History The U.S. Government built what later became the GM Powertrain Toledo plant in 1941. GM acquired the plant in 1956. Until 1962, oily waste from the plant was collected at the site in a large, open-top storage tank. In February 1962, the tank overflowed due to exceptionally heavy discharge of water into the tank, impacting the southeast berm and nearby Silver Creek. The site today is covered with trees and vegetation. racertrust.org RACER TRUST PROPERTY AVAILABLE IN TOLEDO, OH 8 Community Vision for Property The RACER Trust was created in March 2011 by the U.S. Bankruptcy Court to clean up and position for redevelopment 89 properties and other facilities owned by the former General Motors Corp. before its 2009 bankruptcy. The Settlement Agreement establishing the Trust described the criteria that the Trust, at a minimum, must consider when selling properties. These criteria include the views of the local communities. The community has provided the following in response to RACER’s request: racertrust.org RACER TRUST PROPERTY AVAILABLE IN TOLEDO, OH 9 Community Vision for Property (continued) racertrust.org RACER TRUST PROPERTY AVAILABLE IN TOLEDO, OH 10 Environmental Conditions RACER Trust, U.S. EPA and State regulatory authorities offer a variety of buyer protections designed to shield your investment The RACER Trust: and restrict or eliminate your liability for environmental impacts Empowering America’s Auto Communities resulting from previous uses, regardless of whether these conditions were known at the time of purchase or transfer. For more information Toledo Landfill Land about liability protections, please visit http://bit.ly/1EsnxjB. Toledo, OH 5400 Jackman Road Toledo, OH 43612 RACER Site 10990 For the latest environmental information, please visit Site Description www.racertrust.org/files/toledo-environmental-fact-sheet.pdf This 34.12-acre site was associated with the GM Powertrain Toledo plant, which was built in 1941 by the U.S. Government. The site today is covered with trees and vegetation, with Silver Creek passing directly through the property. It also includes a former stormwater pond and a former five-acre disposal area used in the 1950s and 1960s. Cleanup activities are performed by the RACER Trust, with the approval and oversight of the Ohio Environmental Protection Agency (Ohio EPA.) The Settlement Agreement that established the RACER Trust set aside $2.7 million for cleanup work. Environmental History Extensive studies of environmental conditions on the property have been performed. In the vicinity of the former disposal area, which is bounded by railroad tracks to the north and east and by Silver Creek to the south, the presence of PCBs (or polychlorinated biphenyls) was detected in soil and groundwater. GM placed an engineered soil cover over the area and an adjacent storm water pond. Piping was placed beneath the edge of these areas along Silver Creek to collect potential leachate. Continued Cleaning Up & Positioning for Redevelopment Former GM Properties in 14 US States racertrust.org RACER TRUST PROPERTY AVAILABLE IN TOLEDO, OH 11 Collateral Information: Access/Linkage Three transcontinental interstate highways pass through or very close to Toledo. Interstate 75 is a north-south route that provides direct access to Detroit and Cincinnati. The Ohio Turnpike carries east-west traffic on I-80 and I-90, and is connected to Toledo at five exits. The Ohio Turnpike connects west to South Bend, Ind., and Chicago, and east to Cleveland. In addition, I-475 eases access to the west side of the city, and I-280 travels mostly through East Toledo. Freight rail services are provided by Norfolk Southern Railway (www.nscorp.com/nscportal/nscorp), CSX Transportation (www.csx.com), Canadian National Railway (www.cn.ca), the Ann Arbor Railroad and the Wheeling and Lake Erie Railway (www.wlerwy.com). All except the Wheeling have local terminals. Amtrak provides passenger service on the Capitol Limited and Lake Shore Limited lines through the Martin Luther King Jr. Plaza in downtown Toledo. *Information obtained from RACER research. racertrust.org RACER TRUST PROPERTY AVAILABLE IN TOLEDO, OH 12 Collateral Information: Airports Toledo Express Airport (www.toledoexpress.com), located in nearby Swanton, Ohio, is home to the 180th Air National Guard and directly accessible to the Ohio Turnpike and I-475. The airport offers limited passenger service but is home to several air cargo operators and air cargo support providers. Toledo Executive Airport, formerly known as Metcalf Field, is located in Milbury, Ohio. Like Toledo Express Airport, it is managed by the Toledo-Lucas County Port Authority. The airport is primarily used for business purposes and privately owned aircraft. For international flights and expanded destinations, Detroit Metropolitan Wayne County Airport (www.metroairport.com) is a 40-minute drive north of Toledo. Detroit Metropolitan is one of the busiest airports in the U.S. and among the world’s largest air transportation hubs. Detroit is the second-largest hub and primary Asian gateway for Delta, the world’s largest airline. The airport also is a major base of operations for ultra-low cost carrier Spirit Airlines. Together with 14 additional passenger airlines — including four foreign flag carriers — Detroit’s airlines and their regional partners offer service to more than 160 non-stop destinations around the globe. Detroit also is one of the newest, most operationally capable and efficient airports in North America, with two new passenger terminals, 145 gates, six jet runways, and two modern Federal Inspection Services facilities for international arrivals. More than 32 million passengers traveled through the Detroit airport in 2010, including more than 2.5 million international travelers. In addition, more than 193,000 metric tons of cargo are transferred through the airport each year. *Information obtained from RACER research. racertrust.org RACER TRUST PROPERTY AVAILABLE IN TOLEDO, OH 13 Collateral Information: Port Facilities The Port of Toledo (www.toledoseaport.org), on Lake Erie, is a multi-modal transportation hub with heavy waterborne, rail and highway activity. The seaport is managed by the Toledo-Lucas County Port Authority, which also plays a major role in economic development and innovative financings for northwest Ohio. The Port of Toledo is centrally located, with 43 percent of the U.S. industrial market and 47 percent of the Canadian market located within a 500-mile radius. The Port of Toledo is well positioned as an inland distribution point for North American commerce and is home to 15 terminals linked to global markets through the Great Lakes/St. Lawrence Seaway System.
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