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$2,950,000
Est. payment /mo
50,001 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 50,001 sqft
Price per Sqft $58
Subdivision Thedford
MLS Listing ID X9348765
Annual Tax Amount $6,602
Tax Year 2023
Property Sub-Type Industrial
Property Description
100% fully leased 50,000 sq warehouse/industrial property, with great triple net income! New 5-year NNN lease with international company. 8.3% cap rate on 5-year average net income! Carefree, hands off investment income. Property has been fully renovated with 3 warehouse buildings plus a new separate home office, all totaling 50,000 sq of leased space. Property sits on 5 acre lot with approx 4 acres of gravel storage yard. Ceiling heights from 17 feet 20 feet high. 12 new large overhead doors with auto openers. Drive-in and truck loading doors. New bright, high-bay LED lights throughout warehouse areas. 5 new gas furnaces. New 3 phase, 600-volt, 200 amp electrical. Excellent central location in heart of Southwestern Ontario, only 40 min to U.S. boarder at Sarnia. Halfway between London + Sarnia, 15 mins to hwy 402.
Location
Province ON
County Lambton
Community Thedford
Area Lambton
Rooms
Kitchen 0
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 544.0
Lot Depth 559.0
Building
New Construction false
Others
Security Features No
Virtual Tour https://vimeo.com/855588243?share=copy
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Listed by STREETCITY REALTY INC.