Pepco | Toledo, OH (Sonepar)

pepco
501 Phillips Avenue, Toledo, OH 43612, USA

Sands Investment Group is Pleased to Exclusively Offer For Sale the 24,378 SF Pepco (Sonepar) Facility Located at 501 Phillips Avenue in Toledo, OH. This is a Rare Opportunity to Acquire a Well-Located Single-Tenant Industrial Asset With a Best-in-Class Tenant at a High Yield. Pepco is Backed By Sonepar, an International Electrical Supply and Wholesaler With Over 490 Locations Located Throughout the United States.

  • Desirable Credit Profile: Professional Electric Products Company (Pepco) is a Subsidiary and Affiliate Brand of the Parent Company, Sonepar USA, Sonepar USA Has a Network of Over 490 Branches in North America and Does Over $13 Billion in Sales Annually
  • Complete Market Coverage: This is the Only Sonepar Branch in the Toledo and Perrysburg Market, With the Next Closest Sonepar Branch Being in the Ann Arbor Market to the North (37+ Miles Away) and Elyria / Cleveland to the East (80+ Miles Away)
  • Operational History: Pepco Has Been Operating Out of This Location Since 2001, Showing a Continued and Long-Term Commitment to the Site and Market
  • Highly Accessible Site: This Property Provides Easy Access to Both U.S. Route 24 and I-75, Making This Site Easily Accessible to the Entire Toledo Market
  • Desirable IOS Asset Class: The Excess Yard Space at This Location Allows For Industrial Outdoor Storage (IOS), Which is One of the Most Sought-After Asset Classes in Today’s Market

 

In Cooperation With ParaSell, Inc., A Licensed Ohio Broker Lic. #REC.2020005946 BoR: Scott Reid Lic. OH #BRKP2020001224

pepco
501 Phillips Avenue, Toledo, OH 43612, USA

PEPCO (SONEPAR)
Pepco, a premier electrical solutions distributor and packager, meets the needs of its customers by providing them with a full line of quality products, support personnel, and expert services. We offer complete solutions for all of our customers’ electrical needs. Our service-oriented professionals and engineers are equipped to create customized solutions designed to meet our clients’ individual demands. We are fully committed to supporting our clients at every level of their business, through any stage of any project. From design and support, to successful implementation, we are committed to your business’s success. With thousands of products from over 200 of the industry’s top manufacturers; we are your complete source for electrical solutions

Price

$2,400,000

Cap Rate

9.50%

PREMISES

24,378 SF

RENEWAL OPTIONS

2 x 5 Year Options

Lease Expiration

03/31/2027

Lease Type

NN

RENTAL INCREASES

Lessor of CPI or 5% at Each Option

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