723 Phillips Building E

Office for Sale
Catylist Listing ID: 28294319
Property Subtypes: Office Building
Building Size (RSF): 2,357 SF
Gross Building Area: See Agent
Gross Land Area: 0.16 Acres
Sale Price: $75,000
Unit Price: $31.82 PSF
Property Use Type: Vacant/Owner-User
Building Name: Building E
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/5/2017

Overview / Comments

Well maintained office complex adjacent to Northwest Professional Center. Each building is independently owned. Underground irrigation system. New fence installed in parking area in 2012 paid for by office building owners. Accessible - 1/2 mile to I-75, Exit 206.

Recent interior updates. 5 office/exam rooms. 2 kitchenettes. Built-in lobby. Open area. Janitorial storage closet. $150 per month fee for parking lot, snow removal and landscaping paid to Butch Krieger, owner of Northwest Professional Center, who now maintains the common areas. No formal maintenance agreement currently in place.

Attachments & Media

Financials

Finance Data Year 2014
Real Estate Taxes - Annual($) $3,373 (Annual)
Finance Data Year 2013
Real Estate Taxes - Annual($) $3,941 (Annual)
Finance Data Year 2012
Real Estate Taxes - Annual($) $3,187 (Annual)

Additional Details

Nearest MSA: Toledo
County: Lucas
Tax ID/APN: 10-13591
Zoning: C-2
Side of Street: South
Road Type: Paved
Property Visibility: Good
Highway Access: 1/2 mile to I-75, Exit 206.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,357 SF
Year Built: 1959
Roof Type: Other
Exterior Description: Brick
Parking Type: Surface
Parking Description: In common with offices in complex
Zoning Description: C-2

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,555 129,336 278,881
Median Age: 32.46 33.72 35.7
Households: 7,997 52,293 112,878
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