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Newly Constructed Suburban Toledo Multifamily Asset Offered for Sale

June 06, 2017
Price to be determined by the market.

PERRYSBURG, Ohio, June 6, 2017 – Institutional Property Advisors (IPA) has been awarded the exclusive listing for The Residences at Carronade, a newly constructed, 248- unit apartment community in Perrysburg, Ohio. The price to acquire this asset will be determined by the market.

“Perrysburg is one of the most desirable submarkets in northwest Ohio and many young professionals and families are attracted to the area, drawn by the outstanding school system, the abundance of shopping, dining and entertainment options, and proximity to major thoroughfares,” says Michael Barron, senior managing director.

Barron, Daniel Burkons, senior managing director and Joshua Wintermute, director, are representing the seller, a Cleveland-based company.

Developed in 2011 and 2016, the Residences at Carronade is located off Interstate 75 on Carronade Drive in Perrysburg and is within a 15-minute drive of Toledo’s major employers. The property is adjacent to several national retailers and Kroger Marketplace, Panera Bread and Starbucks are within walking distance. The Town Center at Levis Commons, a 319,000-square-foot lifestyle center, is three miles away.

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