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Ostrich Towne 901-925 Summit St
1,000 - 13,086 SF of Space Available in Toledo, OH 43604
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,000-12,000 SF | 5-10 Years | $25.32 CAD/SF/YR $2.11 CAD/SF/MO $272.49 CAD/m²/YR $22.71 CAD/m²/MO $25,315 CAD/MO $303,782 CAD/YR | Triple Net (NNN) | ||
| 1st Floor, Ste A | 1,086 SF | Negotiable | $25.32 CAD/SF/YR $2.11 CAD/SF/MO $272.49 CAD/m²/YR $22.71 CAD/m²/MO $2,291 CAD/MO $27,492 CAD/YR | Triple Net (NNN) |
1st Floor
- Brand new 2023 redevelopment - Located in Vistula Entertainment District. - 1,000 SF to 12,000 square feet units available. - Parking located off the street and surface street. - DORA: property is in the downtown outdoor refreshment area. - Liquor licenses available. - Food Hall master lease is available. - Opportunity Zone, HUB Zone, and CRA tax abatement. - Location will be similar to Columbus Short North or Corktown in Detroit. - Close proximity to Downtown Toledo, The Glass City Riverwalk, Metroparks development.
- Lease rate does not include utilities, property expenses or building services
- Tenant Improvements available
- Renovations are already underway
1st Floor, Ste A
Retail storefront/restaurant space with access to alley/Ostrich Lane
- Lease rate does not include utilities, property expenses or building services
- Space is in Excellent Condition
- Renovations currently underway!
- Shared loading dock space available.
- Liquor licenses available.
- DORA – Downtown Outdoor Refreshment Area
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT Ostrich Towne
- Tenant
- Description
- US Locations
- Reach
- TOLEDO METROPOLITAN DEVELOPMENT LLC
- Professional, Scientific, and Technical Services
- 1
- -
| Tenant | Description | US Locations | Reach |
| TOLEDO METROPOLITAN DEVELOPMENT LLC | Professional, Scientific, and Technical Services | 1 | - |
PROPERTY FACTS FOR 901-925 Summit St , Toledo, OH 43604
| Min. Divisible | 1,000 SF | Gross Leasable Area | 72,000 SF |
| Property Type | Retail | Year Built/Renovated | 1979/2022 |
| Property Subtype | Storefront | Parking Ratio | 0.69/1,000 SF |
| Min. Divisible | 1,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 72,000 SF |
| Year Built/Renovated | 1979/2022 |
| Parking Ratio | 0.69/1,000 SF |
About the Property
- Opportunity Zone, HUB Zone, and CRA tax abatement. -Location will be similar to Columbus Short North or Corktown in Detroit. - Close proximity to Downtown Toledo, The Glass City Riverwalk, Metroparks development.
- Fenced Lot
- Security System
- Signage
Nearby Major Retailers
-
Rob Keleghan -
Keenan Fields -
Zack Liber -
Signature Associates
Presented by
Ostrich Towne | 901-925 Summit St
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