DWJS LLC Sells Toledo Retail Property Occupied By Chipotle For $2.2 Million

A retail property located at 3360 Glendale Avenue in Toledo, OH, has been sold for $2,200,000. The asset encompasses 2,325 square feet, equating to a price per square foot of $946. The property is occupied by a Chipotle restaurant, which is under a 15-year triple-net lease agreement and features a Chipotlane drive-thru.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,200,000
• Square Footage: 2,325
• Price Per Square Foot: $946
• Seller: DWJS LLC
• Buyer: All-cash private investor from the Mid-Atlantic

The transaction involved brokers from two different agencies. Joe Swolsky represented Prime Retail Advisors, while Julius Swolsky and Shannon Bona from CrownPoint Partners handled the deal for the seller, DWJS LLC. CrownPoint Partners was instrumental in brokering the sale of the Chipotle-occupied property.