Explore an outstanding investment opportunity with this expansive warehouse property, featuring a single national triple net tenant. Spanning approximately 62,000 square feet on around 3 acres, this versatile space is designated as Urban Residential in the Official Plan, positioning it as an excellent prospect for future development. The tenant currently occupies the entire building and has recently signed a new lease that includes strong annual escalations and favorable renewal terms, ensuring a reliable income stream. With a cap rate of just under 8% and annual escalations extending through 2028, this property promises an impressive return on investment. Conveniently located near the intersection of Queensway and Norfolk in downtown Simcoe, it offers easy access and ample on-site parking. Seize this exceptional industrial investment opportunity! (id:4069)
Address
80 SECOND Avenue W
List Price
$3,850,000
Property Type
Industrial
Area
Ontario
Sub-Area
Simcoe
Floor Area
62,000 Sq. Ft.
MLS® Number
40687937
Listing Brokerage
Realty Advisors & Co., Brokerage
Basement Area
Partial
Postal Code
N3Y2P3
Zoning
MG, HL
