REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 10,499,000
Est. payment | /mo
93,981 SqFt
$ 10,499,000
Est. payment | /mo
93,981 SqFt
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 93,981 sqft
Price per Sqft $111
Subdivision Se
MLS Listing ID X12133154
Annual Tax Amount $33,343
Tax Year 2024
Property Sub-Type Industrial
Property Description
Rare fully occupied investment opportunity offering approximately 7% cap rate currently with upside as high as 9% within four years due to escalations and lease renewals. High-quality roster of tenants who plan to stay long-term. Flexible zoning allows outside storage and property sits on 12.2 total acres with approximately 4 acres of unutilized excess land for future development potential to add additional units or for outside storage usage. Extensively upgraded building with new LED lighting, new exterior and interior metal cladding, new electrical wiring, and other work too extensive to list - $2.2 million spent on upgrades over last 8 years. Great building specs with 20 ft clear height in 80% of the building and 16 ft clear height in 20% of the building, and abundant dock-level and drive-in shipping doors.
Location
Province ON
County Middlesex
Community Se
Area Middlesex
Zoning M2
Interior
Cooling Partial
Exterior
Utilities Available Yes
Lot Frontage 401.0
Lot Depth 1486.47
Others
Security Features Yes
Listed by LENNARD COMMERCIAL REALTY
LSV GROUP
Phone