tennis / health club property for sale › d2 › 1fzkawfbgrt-w8oyf3e4tjlyeyi… · ag real estate...

GENERAL BACKGROUND INFORMATION

Ag Real Estate Group, Inc. 3659 South Green Road, Suite 216 / Beachwood, Ohio 44122 / 216.504.5000-T / 216.504.5001-F

www.agrealestategroup.com / [email protected]

(As available @ 8/2019 - subject to change without notice)

TENNIS / HEALTH CLUB PROPERTY FOR SALEBaywinds Athletic and Tennis Club

3 Parcels11.91 +/- Acres

59,100 +/- SF Building

5507 Milan Road, Perkins Township(Sandusky Area, Ohio)

Presented Exclusively by:

Ag REAL ESTATE GROUP, INC.Eric M. Silver, Receiver, President & Broker



5507 Milan Road

REGISTRATION

5507 Milan RoadSandusky, Ohio

Eric M. Silver is the court appointed Receiver and a Real Estate Broker licensed in the State of Ohio, doing business as The Ag Real Estate Group, Inc.

We welcome co-brokerage participation in support of our effort to market and sell this property. Upon completion and closing of a transaction with a buyer who has been duly registered by a Buyer’s agent, Seller shall pay a co-brokerage fee (via escrow) to a buyer’s broker. To be reg-istered and recognized as a buyer’s broker, you must complete this registration form and have received an executed copy in return prior to your client having contact with the Ag Real Estate Group, Inc. Brokers contacting the Ag Real Estate Group, Inc. after their client makes an initial contact directly to the Ag Real Estate Group, Inc. will not be recognized or compensated by the Seller. Registration will remain valid for a period of 150 days after the later date below, after which time the registration becomes null and void.

CIRCLE ONE CHOICE: I am / am not represented by a broker or agent.

_________________________________________________Buyer (print and sign) Phone # Date

_________________________________________________Buyer’s Agent - Name and Phone # Date

_________________________________________________Ag Real Estate Group, Inc. DateBy: Eric M. Silver, President and Broker



5507 Milan Road

This property is owned by, DSC LTD, and is in Receivership via an order signed by Judge Frederick H. McDonald, case # 2017 CV-0513; Erie County, OH. The order is available for review. The order directs the Receiver to, among other tasks, market the property for sale.

The sole purpose of The General Background Information included herein is to provide general and not specific information regarding the real property described. The Re-ceiver has been involved with the property since late 2019 and therefore has very limited information about the property and its historical operations, including expenses.

The information contained herein shall not constitute an offer to sell nor a request or so-licitation of an offer to buy. No person or entity shall have any rights whatsoever to rely on this information or any other information received unless there is a mutually executed document specifically and intentionally creating such right of reliance.

The information included herein has been secured from sources that are usually reliable, however the accuracy of the information has not been verified by any of the following: The Receiver, the Broker, its agents, employees or consultants. All parties are encouraged and directed to initiate and complete (at their own expense) any and all due diligence stud-ies that may be required in order to evaluate the size, dimensions, details, quality, condi-tion, suitability, and potential value of the property.

THE RECEIVER, BROKER, MANAGER (and any parties related in any way to them) MAKE NO WARRANTY (expressed or implied) WHATSOEVER REGARDING THE PROPERTY, THE STATUS OF ANY LITIGATION RELATED TO THE PROPERTY OR THE OWNER, OR ANY ACTION(S) OR FAILURE OF OTHERS TO TAKE ANY ACTION(S).

TOURS OR INSPECTIONS OF THE PROPERTY ARE BY PRIOR ARRANGEMENT WITH THE RECEIVER. NO PARTY HAS AUTHORIZATION TO ENTER UPON THE PROPERTY WITHOUT SPECIFIC WRITTEN PERMISSION OF THE RECEIVER. ANY AND ALL CONTEMPLATED TRANSACTIONS WILL BE COMPLETED ONLY BY AP-PROVAL OF THE COURT.



5507 Milan Road

GENERAL BACKGROUND INFORMATION (Included as of 8/2019)

• Market Information

• Data Sheets / Property Record Cards

• Selected Sale Comparables

• Photos

• Aerial Photos

• Location Maps

• Zoning Information / Zoning Map

• Tax Parcels

• Flood Map



5507 Milan Road

Market Information

Perkins Township

Perkins Township is committed to providing outstanding services that improve the quality of life and enhance the spirit of those who live, work, or visit in our community.

Location and SizeNorth Central Erie CountyApproximately 27 square miles of land. Bordered on the north by the city of Sandusky, west by Margaretta Township, east by Huron Township and south by Oxford Township.

HistoryPerkins Township is a strong, Midwestern community known for its diversity. More than 12,760 residents call Perkins Township home. Located between the Ohio Turnpike and Cedar Point,Perkins Township is the second largest political subdivision in Erie County. The first settlers moved into the township area in the early 1800s. The township was part of the Firelands, the westernmost portion of the Connecticut Western Reserve. The land was given to citizens of Connecticut whose homes were destroyed by fire during the Revolutionary War. It was named after Elias Perkins who was one of the members of the board of proprietors who surveyed the land and laid out the roads. Perkins Township, long ago, established itself as a crossroads community, which has helped it develop into a solid, economically sound township. It is a community of peaceful, well-maintained neighborhoods and a healthy public school system offering its children the opportunity to grow and to learn. Farming, commerce and industry are also important parts of Perkins Township’s make-up. In the southeastern most corner of the township is an internationally known center of science - the Plum Brook Station of NASA’s Lewis Research Center. Three trustees govern the township and a fiscal officer is responsible for its finances and maintaining the Township’s records. Under their supervision, the Perkins Township Trustees have established a fire depart-ment, a police department, a highway maintenance department, and a planning and development department.

Community ProfilePerkins Township is located within Erie County Ohio. Perkins is the second largest political sub-division based on census population. Other than the southern portion of the township, Perkins is a very urbanized area with many residential subdivisions, significant commercial development with a multi-county market area, a number of indoor water parks, and it is also a gateway to Lake Erie, the islands and Cedar Point amusement park. Seasonal population is quite large given the nature of tourism and hospitality offerings in the township as well as the overall area…

The above content was found on: https://www.perkinstownship.com/



5507 Milan Road

Market Information

Welcome to Sandusky

Sandusky, a “Welcoming City,” sits at the mouth of Sandusky Bay and claims over 26 miles of Lake Erie’s shoreline, not including the Chausee & Cedar Point Peninsula which extend over 5 miles into the lake and create a protected bay. Sandusky’s unique street grid is one of only two Masonic grids in the country (the other being Washington D.C.). It is known as the Kilbourne Plat after its designer, Hector Kilbourne, who surveyed and laid out the symbol of the Freemason over a typical block grid.

Sandusky, being rich in cultural and historic identity as well as centrally located, is the county seat and most densely populated city in Erie County. Our city is home to robust tourism, manufactur-ing, and healthcare economies anchored primarily by lake recreation and Cedar Point. While best known as the home of the amusement park, Sandusky developed as an industrial Lake Erie port town.

Much of that history remains evident in the bones of our region and echoes through the present in every corner of the city. Days past of bustling ports and manufacturing combine with unique stories of the underground railroad and the ongoing successes of Sandusky natives to give this small city its vibrant soul.

Historic downtown of Sandusky is a central business district that continues to experience a resur-gence of investment and business attraction. Sandusky draws on its diverse historical identity to guide the way forward to grow as an inclusive and open minded city.

The City of Sandusky is fortunate to be able to offer a variety of public parks and recreational facilities. Whether you choose to stroll through our floral gardens in Washington Park, play ball on one of our 17 ball diamonds, challenge the links at Mills Creek Golf Course, launch a boat to go fishing on Lake Erie, plan a picnic at one of our many shelters, or watch a picturesque sunset on the Bay, Sandusky offers it all.

The goal of the Sandusky Transit System (STS) is to provide safe public transportation service to all residents in a timely, courteous and cost-effective manner in order to contribute to their quality of life.

The above content was found on: http://www.ci.sandusky.oh.us

Link to the 2017 Annual Report: http://www.ci.sandusky.oh.us/City%20Publications/CityOfSanduskyAR2017_05.18.pdf



5507 Milan Road

Market Information

Sandusky, Ohio: Family Travel GuideCome for the amusement park and enjoy swimming, boating and island hopping, too

What to do:The supremely popular Lake Erie vacation spot of Sandusky, Ohio, has a delightful juxtaposition: An elegant, historical downtown and, on a skinny peninsula nearby, one of the world’s most famous amusement parks. The waterfront location puts swimming, boating and island daytripping all within easy reach.

Where to go:With 18 of the thrilling rides, including one dating to 1964, Cedar Point calls itself “the roller coaster capital of the world.” Steel Ven-geance, one of the newest, drops 200 feet at a 90-degree angle, making it one of the world’s tallest, steepest coasters. Cedar Point also has a beach, waterpark and marina where boats leave for island cruises.

The idea for the Merry-Go-Round Museum in Sandusky was born after the US Postal Service issued a series of carousel stamps in 1990. The museum has become a main stop in Sandusky ever since, featuring nostalgic and historical merry-go-round artifacts. Enjoy the displays of painted carousel horses, restored merry-go-round memorabilia, miniature carousels, and other artifacts that have become a part of the museum’s collection over the years. Be sure to spend some extra time at the fully renovated New York carousel and in the museum’s unique gift shop.

Sandusky is the ideal home base to take a day trip to nearby Put-in-Bay or Kelleys Island on Lake Erie. Jet Express is an exciting ferry trip to the islands to explore lighthouse attractions and watersports, and enjoy an array of resort-style restaurants. The popular islands in the area draw a high volume of tourists. If you plan to visit both islands, it is best to schedule one day for each and return to Sandusky in the evenings. Pay close attention to the time of the last ferry departure for the day for your return trip to Sandusky.

Kalahari is a popular indoor/outdoor water park that is as much fun for adults as for the kids. The main attraction is the extensive indoor and outdoor collection of waterslides, wave pools, and lazy rivers. With Kalahari’s non-water excursions, you can easily spend several days trying to do everything. The Safari Outdoor Adventure Park is a nice break from the waterslides, with a chal-lenging ropes course, zipline, and climbing wall. The interactive Safari Adventures Animal Park is a must-visit during your stay, where you will see animals like camels and birds that are not normal fare for a water park.



5507 Milan Road

Market Information

Sandusky, Ohio: Family Travel Guide

The indoor water park at Great Wolf Lodge works well for the sometimes unpredictable Ohio weather. The most popular attractions at the lodge are understandably at the water park. Water-slides like Otter Run and Totem Towers are traditional slides, but families who want to kick it up a notch should tackle the four-story-tall Alberta Falls tube slide, where you can ride in tandem. The lodge has activities like pajama parties, craft times, entertainment, and MagiQuest magic adven-tures that can break up the swimming opportunities during your stay. Be sure to experience the wolf print waffles at least once for breakfast at the Gitchigoomie Grill.

The Maritime Museum in Sandusky provides a snapshot of the maritime activity over the years in the Sandusky Bay. The museum is as educational as it is fascinating, with exhibits on commer-cial fishing, shipwrecks, and even pirates in the area. The interactive displays let you be a part of maritime history and its influence on the region. One of the most unique displays in the museum includes authentic artifacts from the Convict Ship, which was a floating prison that ended its jour-ney in Sandusky.

Where to stay:The Hotel Breakers at Cedar Point, a lakeside icon since 1905, now has a modern tower that blends with the original chateau-style buildings; many rooms have balconies and interconnecting doors that are ideal for families. The property also has three pools, a water playground, an arcade, outdoor fire pits,and, for parents craving a morning caffeine fix, an on-site Starbucks. To help them beat the crowds, the hotel offers guests early entry to both Cedar Point and the neighboring water park. Rooms at boutiquey Hotel Kilbourne downtown face either the city or the lake, so there are no bad views. It’s a short walk to the Merry-go-Round Museum and family-friendly Shoreline Park, and those with bed-hogging kids will appreciate option to book a double king room.

The above content was found on: https://www.today.com, https://www.planetware.com



5507 Milan Road

Ohio County ProfilesPrepared by the Office of Research

Erie County

Named for: Erie Native American Tribe

Established: Act - March 16, 1838

2018 Population: 74,615

Land Area: 254.5

County Seat: Sandusky City

square miles

TaxesTaxable value of real property $1,960,704,610

Residential $1,409,553,280Agriculture $126,369,280Industrial $43,350,510Commercial $381,421,720Mineral $9,820

Ohio income tax liability $43,215,633Average per return $1,163.59

12.76%4.39%1.50%

18.60%0.99%4.82%

51.96%

Land Use/Land Cover

Developed, Higher IntensityDeveloped, Lower Intensity

Barren (strip mines, gravel pits, etc.)ForestShrub/Scrub and GrasslandsPasture/HayCultivated CropsWetlands

Percent

Sandusky city 24,714 25,793Perkins twp 11,728 12,202Huron city 6,893 7,149Vermilion twp 4,783 4,945Vermilion city (pt.) 4,612 4,742Margaretta twp UB 4,407 4,497Huron twp UB 3,605 3,548Berlin twp UB 2,948 3,009Milan twp UB 2,551 2,602Florence twp 2,380 2,448

Largest Places Est. 2018 Census 2010

Total Population

18001810182018301840 12,5991850 18,5681860 24,4741870 28,1881880 32,6401890 35,462

Census

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

1950 1960 1970 1980 1990 2000 2010 2018 2020 2030 2040

1900 37,650

1910 38,3271920 39,7891930 42,1331940 43,2011950 52,5651960 68,0001970 75,9091980 79,6551990 76,7792000 79,551 2030 67,740

2040 62,300

Projected

77,0792010

UB: Unincorporated balance.

Estimated

2014 75,814

2020 72,900

2013

2015

76,056

75,3692016 75,023

3.24%1.75%Open Water

2017 74,8572018 74,615



5507 Milan Road

Erie County

ACS Total Population 75,369

White 64,861African-American 6,389Native American 186Asian 445Pacific Islander 7Other 806Two or More Races 2,675

Hispanic (may be of any race) 3,147

Under 5 years 3,9705 to 17 years 11,671

45 to 64 years 22,01965 years and more 15,249

Total Families 19,879

Married-couple families4,227

Male householder, no wife550

Female householder, no husband2,434

No high school diploma 4,506High school graduate 20,400Some college, no degree 11,460Associate degree 5,267Bachelor's degree 7,607Master's degree or higher 4,383

Married couple, husband and7,106

Married couple, husband in2,601

Married couple, wife in labor1,399

Married couple, husband and3,505

Male householder,867

Male householder,233

Female householder,3,095

Female householder,968

Less than $10,000 2,079$10,000 to $19,999 2,948$20,000 to $29,999 3,390$30,000 to $39,999 3,428$40,000 to $49,999 3,581$50,000 to $59,999 2,606$60,000 to $74,999 3,393$75,000 to $99,999 3,797$100,000 to $149,999 4,018$150,000 to $199,999 1,306$200,000 or more 1,031

Median household income $51,033

Below 50% of poverty level 4,33850% to 99% of poverty level 5,298100% to 124% of poverty level 3,405

150% to 184% of poverty level 4,882

200% of poverty level or more 51,995

with related children 185Male householder, no wife

80Female householder, no husband

1,184

Population by Race Population by AgeACS Total Population 75,369

Total Minority 12,385

25 to 44 years 16,35518 to 24 years 6,105

Median Age 44.6

Number Percent Number Percent

Family Type by Presence of

Number Percent

with own children

present, with own children

present, with own children

Family Type by

Number Percent

Total Families 19,774

wife in labor force

labor force, wife not

force, husband not

wife not in labor force

in labor force

not in labor force

in labor force

not in labor force

Educational Attainment Number Percent

Household Income

Number Percent

Poverty Status of Families

Number PercentTotal Families 19,879

present, with related children

present, with related children

Ratio of Income

Number Percent

Persons 25 years and over 53,623

Total Households 31,577

Family income below poverty level 1,873

Population for whom poverty status74,219is determined

100.0%

86.1%8.5%0.2%0.6%0.0%1.1%3.5%

4.2%

16.4%

100.0%

21.3%

2.8%

12.2%

100.0%

8.4%38.0%21.4%

9.8%14.2%

8.2%

100.0%

6.6%9.3%

10.7%10.9%11.3%

8.3%10.7%12.0%12.7%

4.1%3.3%

100.0%

5.3%15.5%

8.1%21.7%29.2%20.2%

100.0%

35.9%

13.2%

7.1%

17.7%

4.4%

1.2%

15.7%

4.9%

100.0%

9.4%

9.9%

4.3%

63.2%

100.0%

5.8%7.1%4.6%

6.6%

70.1%

Own Children Under 18

Employment Status

To Poverty Level

By Family Type by PresenceOf Related Children

Number PercentGeographical MobilityPopulation aged 1 year and older 74,550

Same house as previous year 64,308Different house, same county 6,017Different county, same state 2,758Different state 1,399Abroad 68

100.0%

86.3%8.1%3.7%1.9%0.1%

Families with no own children 12,668 63.7%

Family income above poverty level 18,006 90.6%

Families with no related children 424 22.6%

Married couple,

Percentages may not sum to 100% due to rounding.

125% to 149% of poverty level

185% to 199% of poverty level

2,734

1,567

3.7%

2.1%



5507 Milan Road

Data Sheet

1 of 3 Parcels5507 Milan Road

Sandusky, Ohio 44870

The Property Zoning: C-2, General Commercial Lot Area: 4.66+/- Acres Lot Shape: Irregular shape Street Frontage: Baywinds Drive Parcel Number: 32-03423.000 Building Number of Buildings: 2 (Connected) Number of Stories: 1 - Varies Building Details: Lobby seating area of 3,500 sq. ft., The facility offers six indoor tennis courts, six indoor racquetball courts, basketball, aerobics, and weight room. Located behind former Maui Sands Resort. Year Built: 1979; Renovated: 1992 Square Footage: 59,1000 +/- sq. ft. Elevators: None Parcel Shape: Irregular Flood Plain Designation: Zone X Parking Spaces: 90 +/- , striping varies

Construction Concrete Masonry Unit (CMU)

Utilities Water: Yes Sewer: Yes Electric: Yes Gas: Yes

HVAC HVAC: Multiple systems

*All information to be verified by potential purchaser.

Erie County, Ohio - Property Record CardParcel: 32-03423.000 Card: 2GENERAL PARCEL INFORMATION

OwnerProperty AddressMailing Address

Land UseLegal Description

DSC LTDMILAN SANDUSKY OH 44870PO BOX 1326

499 - OTHER COMMERCIAL STRUCTURES2 LOTS 1 2 WEST SIDE OF STATE RT 2504.5956A

NeighborhoodSchool District

43211 -PERKINS SD

MAP NUMBER: 10

VALUATIONAppraised Assessed

Land Value $553,170.00 $193,610.00Improvements Value $599,270.00 $209,740.00CAUV Value $0.00 $0.00Total Value $1,152,440.00 $403,350.00

LANDLand Type Acreage Depth Frontage Depth ValueP1 - PRIMARY 2.78 0 0 100 $417,000.00S2 - SECONDARY 1.8156 0 0 100 $136,170.00

AGRICULTURALLand Type Land Usage Soil Type Acres Value

SALESDate Buyer Seller Price6/9/2006 DSC LTD DSC LTD $04/24/1996 DSC LTD BAYWINDS PROPERTIES $1,140,000

Property Record Card generated 7/25/2019 6:59:56 PM for Erie County, Ohio

COMMERCIALDescriptionYear BuiltYear RemodeledUnit CountSection NumberSection AreaWall HeightSection Story Count

Tennis Club, Indoor19791992

0

4008012

1

ADDITIONSDescription Area Year Built Value

COVER - Cover / Canopy 1728 1979 $6,030.00

IMPROVEMENTSDescription Year Built Dimension Area Value

Fence: C/L 10' High 1979 0x0 618 $7,420.00

Tennis Court - 1979 0x0 22000 $29,700.00

Shed - SHED 1979 20x8 160 $770.00

Bath House - 1979 32x16 512 $2,460.00

Paving: Concrete - 1979 0x0 2900 $1,740.00

Paving: Asphalt - 1979 0x0 37400 $11,220.00

Pool: Commercial - 1979 0x0 1000 $33,000.00

TAX1st Half 2nd Half Total

Charge:Credit:Rollback:Reduction:Homestead:Sales Credit:Net Tax:CAUV Recoupment:Special Assessments:Penalties/Adjustments:Delinquencies:Net Owed:Net Paid:Net Due:

$19,985.99($5,500.38)$0.00$0.00$0.00$0.00$14,485.61$0.00$0.00$1,448.56$63,555.00$15,934.17$0.00$15,934.17

$19,985.99($5,500.38)$0.00$0.00$0.00$0.00$14,485.61$0.00$0.00$3,041.98

$17,527.59$0.00$17,527.59

$97,016.76$0.00$97,016.76



5507 Milan Road

Data Sheet



The Property Zoning: C-2, General Commercial Lot Area: 7.3069 +/- Acres Lot Shape: Irregular shape Street Frontage: Sam’s Club Way Parcel Number: 32-04333.000 Building Number of Buildings: 0 Number of Stories: 0 Parcel Shape: Irregular Flood Plain Designation: Zone X Parking Spaces: 0

Construction Vacant Land

Utilities Water: Yes Sewer: Yes Electric: Yes Gas: Yes

HVAC HVAC: None


Erie County, Ohio - Property Record CardParcel: 32-04333.000GENERAL PARCEL INFORMATION



DSC LTD5507 MILAN SANDUSKY OH 44870PO BOX 1326

400 - COMMERCIAL VACANT LAND2-2&10 W OF MILAN RD N OF RT 2BY-PASS7.3069


43211 -PERKINS SD

MAP NUMBER: 10


Land Value $219,210.00 $76,720.00Improvements Value $0.00 $0.00CAUV Value $0.00 $0.00Total Value $219,210.00 $76,720.00

LANDLand Type Acreage Depth Frontage Depth ValueS2 - SECONDARY 7.3069 0 0 100 $219,210.00


SALESDate Buyer Seller Price6/9/2006 DSC LTD DSC LTD $04/24/1996 DSC LTD BAYWINDS PROPERTIES $1,140,000







$3,801.48($1,046.21)$0.00$0.00$0.00$0.00$2,755.27$0.00$0.00$137.77$12,169.72$2,893.04($2,893.04)$0.00

$3,801.48($1,046.21)$0.00$0.00$0.00$0.00$2,755.27$0.00$0.00$0.00

$2,755.27($2,755.27)$0.00

$17,818.03($17,818.03)$0.00



5507 Milan Road

Data Sheet



The Property Zoning: C-2, General Commercial Lot Area: Undivided 1/2 interest on Bay Winds Drive Lot Shape: Irregular shape Parcel Number: 32-03423.001 (owned as an undivided 1/2 interest) Building Number of Buildings: 0 Number of Stories: 0

Construction Roadway


Erie County, Ohio - Property Record CardParcel: 32-03423.001GENERAL PARCEL INFORMATION



DSC LTD & WMOG INVESTMENTS INCMILAN RD SANDUSKY OH 44870122 S WILSON AVE DRAWER D

400 - COMMERCIAL VACANT LAND2-12 W OF US 250 RD R OF W .6608A


43202 -PERKINS SD

MAP NUMBER: 10


Land Value $9,830.00 $3,440.00Improvements Value $0.00 $0.00CAUV Value $0.00 $0.00Total Value $9,830.00 $3,440.00

LANDLand Type Acreage Depth Frontage Depth ValueRE - RESIDUAL 0.6608 0 0 100 $9,830.00


SALESDate Buyer Seller Price4/8/2014 DSC LTD & WMOG DSC LTD & WMOG $01/17/2008 DSC LTD & WMOG DSC LTD $04/24/1996 DSC LTD BAYWINDS PROPERTIES $1,140,000







$170.45($46.91)$0.00$0.00$0.00$0.00$123.54$0.00$0.00$0.00$251.73$123.54($123.54)$0.00

$170.45($46.91)$0.00$0.00$0.00$0.00$123.54$0.00$0.00$0.00

$123.54($123.54)$0.00

$498.81($498.81)$0.00



5507 Milan Road

Selected Sale Comparables

240 Cleveland Rd1 Sold: $277,000 ($21.24/SF)Norwalk 13,042 SF Industrial/Service

170 Sandusky St (Part of Multi-Property Sale)2 Sold: $619,241 ($20.64/SF)Monroeville 30,000 SF Industrial/Service

220 Sandusky St (Part of Multi-Property Sale)3 Sold: $619,241 ($20.64/SF)Monroeville 30,000 SF Industrial/Service

42 Townline Road 1514 Sold: $365,000 ($9.92/SF)Norwalk 36,800 SF Industrial

71 N West St5 Sold: $159,900 ($3.81/SF)Norwalk 42,000 SF Industrial/Warehouse

36 Woodlawn Ave6 Sold: $175,000 ($10.29/SF)Norwalk 17,000 SF Industrial/Manufacturing

36 Woodlawn Ave (Part ofPortfolio)7 Sold: -Norwalk 17,000 SF Industrial/Manufacturing

Address City Property Info Sale Info

Information is in draft form and is subject to errors, omissions, and should be considered incomplete.Copyrighted report licensed to Ag Real Estate Group - 553413.

8/8/2019

Page 1



5507 Milan Road

1 240 Cleveland Rd SOLD

-

Norwalk, OH 44857

Sale Date:

Pro Forma CapRate:

Price/SF:Sale Price:

Actual Cap Rate:

$21.24$277,00006/15/2018 (53 days on mkt) Bldg Type:

Year Built/Age:RBA:

--

Parcel No:

Research Complete

Class C IndustrialServiceBuilt 1952 Age: 6613,042 SF

Huron County

Research Status:Sale Conditions: Auction Sale, Distress SaleComp ID: 4293505

2 170 Sandusky St - Multi-Property Sale (Part of Multi-Property) SOLD

Monroeville, OH 44847

Sale Date:

Pro Forma CapRate:


Actual Cap Rate:

$20.64$619,241 - Allocated04/29/2019 Bldg Type:

Year Built/Age:RBA:

--

Parcel No:

Allocated


Huron County

Research Status:Sale Conditions: -Comp ID: 4763822

3 220 Sandusky St - Multi-Property Sale (Part of Multi-Property) SOLD

Monroeville, OH 44847

Sale Date:

Pro Forma CapRate:


Actual Cap Rate:

$20.64$619,241 - Allocated04/29/2019 Bldg Type:

Year Built/Age:RBA:

--

Parcel No:

Allocated


Huron County


4 42 Townline Road 151 SOLD

-

Norwalk, OH 44857

Sale Date:

Pro Forma CapRate:


Actual Cap Rate:


Year Built/Age:RBA:

--

Parcel No:

Public Record

Class C IndustrialBuilt 1971 Age: 4736,800 SF

Huron County


5 71 N West St SOLD

-

Norwalk, OH 44857

Sale Date:

Pro Forma CapRate:


Actual Cap Rate:


Year Built/Age:RBA:

--

Parcel No:

Public Record

Class C IndustrialWarehouseBuilt 1965 Age: 5342,000 SF

Huron County


6 36 Woodlawn Ave SOLD

-

Norwalk, OH 44857

Sale Date:

Pro Forma CapRate:


Actual Cap Rate:

$10.29$175,000 - Confirmed04/20/2018 (401 days on mkt) Bldg Type:

Year Built/Age:RBA:

--

Parcel No:

Confirmed

Class C IndustrialManufacturingBuilt 1920 Age: 9817,000 SF

Huron County



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Page 2

7 36 Woodlawn Ave - Portfolio Sale (Part of Portfolio) SOLD

Norwalk, OH 44857

Sale Date:

Pro Forma CapRate:


Actual Cap Rate:

--04/09/2018 Bldg Type:

Year Built/Age:RBA:

--

Parcel No:

Public Record

Class C IndustrialManufacturingBuilt 1920 Age: 9817,000 SF

Huron County



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5507 Milan Road

Photos



5507 Milan Road

Aerial Photos

5507 MILAN ROAD

5507 MILAN ROAD



5507 Milan Road

Location Map

5507 MILAN ROAD



5507 Milan Road

Zoning Map

5507 MILAN ROAD



5507 Milan Road

Tax Parcels

32-04333.000

32-03423.000

32-03423.001



5507 Milan Road

Flood Map



5507 Milan Road

Zoning Information-Selected Sections



5507 Milan Road

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