6855 Spring Valley Dr — Sale in Holland, OH

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Holland, OH 43528
  • Year built: 1989

Photos

6855 Spring Valley Dr — Sale in Holland, OH, photo 1 of 2
6855 Spring Valley Dr — Sale in Holland, OH, photo 2 of 2

Investment Figures

Cap rate
8.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the fee-simple ownership in 6855 Spring Valley Drive Holland, Ohio. This well positioned medical office facility was delivered in 1989 on a 2-acre lot. The property features masonry construction offering 24,488 rentable square feet. The building is 90 percent stabilized under a gross lease structure to tenants Mercy Health, ProMedica, the Toledo Clinic, Total Care Connect and local medical practices. Over 60 percent of RBA is occupied by large health systems with strong credit. Current ownership has invested greatly in the site with over $790,000 in major capital improvements including a new roof, repaving of the parking lot, thorough HVAC replacements, and numerous exterior and interior renovations. Investment Highlights: • Well Positioned Medical Office Facility on a Two Acre Lot. • Excellent Mix of Medical Tenants, Including Mercy Health , Promedica and the Toledo Clinic. Well Located on Airport Highway, Connecting to I-475. Over 38,183 Vehicles per Day. • Significant Capital Improvements.

Market Context

This office in Holland, OH is listed for sale. It is offered at an approximate 8.0% capitalization rate, a key benchmark for income-producing office assets. The building dates to 1989. Compare it against other office listings for sale in Holland, OH — view the full market.

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