5987 Thunder Hollow Drive | Toledo, OH 43615
QUICK STATS
549,610
SF:
11.07 units/acre
Density:
1,086
Average SF:
$0.81
Rent / SF:
1,266 Grade Level Spaces
Total Parking
2
Stories
23
Buildings
1981
Built
506
UNITS
45.71 acres
Site Size / Acreage:
[CEROS OBJECT]
Detroit tops the list of 37 markets around the country with the highest rent projections over the next five years. (Source: Axio & CoStar)
Significant Upside Opportunity: Available through alternative management opportunities and rent growth through strategic capital improvements.
Offered Well-Below Replacement Value: Current replacement value is well above $200,000 per unit.
Dynamic Employment and Demographics: Toledo boasts strong employment and demographic metrics including attractive median HH income, high white-collar job percentages, and a number of substantial employers within the automotive/manufacturing, medical, and educational sectors.
Outstanding Market Metrics: High occupancy, limited new construction, and substantial rent growth. Toledo: Occupancy – 95.9%
Immediate Economies of Scale: 506 units provides a new owner a sizable asset and enabling an efficient management approach within the historically strong and stable Toledo MSA.
Exceptionally High Barriers-to-Entry: Canyon Cove will continue to perform within its market as there are very limited new multifamily units planned or under construction. Record high cost of construction will oppress any new developments in the near future.
THE OPPORTUNITY
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LOCATION
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5987 Thunder Hollow Drive | Toledo, OH 43615
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
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CONTACT Info
Mortgage Bankers
Aaron Moll
Senior Director
248.208.0529
aaron.moll@berkadia.com
Rick Brace
Senior Director
248.341.3319
rick.brace@berkadia.com
Conor David
Director
614.796.0222
conor.david@berkadia.com
Mike MCclafferty
Associate Director
215.328.1298
mike.mcclafferty@berkadia.com
Charley Henneghan
Director
248.341.3303
charley.henneghan@berkadia.com
Kevin Dillon
Senior Managing Director
248.341.3309
kevin.dillon@berkadia.com
Corey Krug
Senior Director
248.341.3338
corey.krug@berkadia.com
Jason Krug
Senior Managing Director
248.341.3344
jason.krug@berkadia.com
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David Sibbold
Managing Director 248.208.0522 david.sibbold@berkadia.com
AMENITIES
Air Conditioning
Fully Equipped Kitchen
Ceiling Fan
Large Closets
Washer / Dryer Connections
Decorative Fireplace*
Patio / Balcony
Two Playgrounds
Attached Garages Available
*In Select Units
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