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501 Phillips Ave
Toledo, OH 43612 Five Points

$2,900,000 USD

Manufacturing For Sale  •  24,378 SF

Property Details

• Property Type Manufacturing
• Total Building Size 24,378 SF
• Lot Size 2.5 AC
• Building Class C
• Year Built 1965
• Cap Rate 7.15 %
• Tenancy Single
• Zoning I-42

30 Transit Score

40 Walk Score

Highlights

Echo Electric is a subsidiary and affiliate brand of Sonepar USA. Sonepar operates a network of more than 490 branches across North America.

The property is secured by a passive ~6-year Industrial Triple Net (NNN) Lease that minimizes landlord responsibilities.

The tenant has operated from this facility since 2001 and recently executed an early 5-year lease extension.

The property is strategically positioned with convenient access to both U.S. Route 24 and I-75.

This is the only Sonepar branch serving the greater Toledo market, with the next closest locations in Ann Arbor, MI (37+ miles north).

The property features excess yard space that supports Industrial Outdoor Storage (IOS).

Cap Rate:

7.15 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Echo Electric	24,378 SF	3/31/2032

Amenities

• Bus Line
• Fenced Lot
• Signage

Public Transportation

Commuter Rail	Drive	Walk	Distance
Toledo (Floridian - Amtrak, Lake Shore Limited - Amtrak)	9 min	-	4.7 mi
Airport	Drive	Walk	Distance
Eugene F Kranz Toledo Express	37 min	-	22.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	64
Type:	Surface
Included in Rent:	Yes