该房产将于8月20日(星期三)至8月22日(星期一)拍卖。所显示的价格是350,000美元的起始标价。有关信息,并登记投标,请访问TEN-X.com。
Property tours are available by appointment ONLY. Please contact Max Lippitt to schedule at maxlippitt@landmarkcres.com or 248-488-2820.
Fairfield Commons Mixed-Use (the Portfolio) are two well located, 94% lease mixed-use (retail/office) buildings at 5164 & 5166 Monroe Street in Toledo, OH (f/k/a 5162 Monroe St, Toledo, OH) . Constructed in 1980 and renovated in 2012, the buildings total 13,400 SF on 2.5 acres in a nice tree lined courtyard setting and benefit from a huge pylon sign on Monroe Street. Both buildings have separate restrooms, entries and multiple windows for each suite. The 5164 building contains 5,850 SF and has a single tenant under long-term lease. The other building at 5166 Monroe Street has a diversified mix of tenants with below market rents. The value-add opportunity exists to re-tenant the building at market rates.
The Portfolio is strategically located in the heart of Toledo’s major retail trade area, the Franklin Park Mall corridor. The Portfolio sits across from the area's dominant regional mall with over 1 million SF and 150 stores (owned by Starwood Capital) as the only super regional mall within a 50-mile radius.
Located 53 miles south of Detroit and roughly 100 miles west of Cleveland, the Toledo area features a strong economic climate that is anchored by manufacturing and logistics. Within 5 miles of the property, there are over 198,125 residents and an average household income of over $67,139. Traffic counts are strong, with ±25,000 VPD on Monroe Street in front of the Portfolio’s double-sided pylon. The rare opportunity exists for investors to obtain this well-positioned asset in the area’s prime retail trade area generating stable cash flow with the value add opportunity to re-lease the property at market rates. This property will be auctioned on Monday, August 20 - Wednesday, August 22 . The price displayed is the starting bid amount of $350,000. For information and to register to bid on this property, please visit Ten-X.com.