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DWJS LLC Sells Toledo Retail Property Occupied By Chipotle For $2.2 Million
SOLD
$2,200,000
Retail2,325 SF
Sold 05/06/2025
SOLD
DWJS LLC Sells Toledo Retail Property Occupied By Chipotle For $2.2 Million
3360 Glendale Avenue
See Similar DealsRetail2,325 SF
Sold 05/06/2025
Summary
OHIO
Asset Type:Retail
Price Per Square Foot:$946
Total Square Footage:2,325 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47
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