Commercial Investment Opportunity
Price
$4,900,000
Exclusive Off-Market Listing: Woodland Town Shopping Center, Bowling Green, OH
Key Details:
Location:Â Prime area, 5 minutes from Bowling Green State University, near University of Toledo and other educational institutions.
Size and Land:Â Sprawling over 42 acres, with a Gross SF of 270,502 and Net Leasable SF of 256,755.
Built:Â Established in 1987, renovated in 2008 and 2010.
Daily Traffic Count:Â 25,000 cars per day, ensuring high visibility.
Asking Price:Â $4.9 Million, a significant reduction from the original $10 million purchase price
Occupancy:Â 54% occupancy with a strong upside in leasing, re-positioning, and re-development.
Financials:
Current Cash Flow:Â Achieving break-even/positive cash flow despite challenges.
Investment Opportunity:Â Substantial price reduction due to estate circumstances and anchor tenant departures.
Community and Demographics:
Population:Â Well-educated, middle to upper-middle class demographic.
Surroundings:Â Encircled by single and multi-family garden apartment complexes.
Student Population:Â Adjacent to Bowling Green State University (25,000+ students) and within 30 minutes of University of Toledo and other educational institutes.
Potential and Opportunity:
Redevelopment:Â Immense potential for repositioning, redevelopment, and tax reassessment.
Municipal Support:Â Strong local government backing for various development avenues.
Historical Significance:Â Historically well-occupied in a commercial and retail corridor with a strong university town presence.
Background:
Legacy and Transition:Â After 16 years of ownership and management by the family patriarch, the property seeks new ownership and management to infuse new life.
Circumstances:Â Sale prompted by the passing of the 98-year-old owner and the bankruptcy and liquidation of two major anchors.
Location Advantages:
Connectivity:Â Accessible from major cities including Toledo, OH; Cleveland, OH; Fort Wayne, IN; Ann Arbor, MI.
Contact Information:
Direct Inquiries To:Â investments@promiselandrealtyllc.com
Seize this unique investment opportunity at Woodland Town Shopping Center, a property with vast potential in a thriving university town.
Property Map
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PROMISE LAND REALTY, LLC
Work: 864-762-2509
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top