Discover an exceptional investment opportunity featuring a single, national, triple net tenant with this expansive warehouse property. With approximately 62,000 square feet of versatile space situated on approximately 3 acres, this property is designated under the Official Plan as Urban Residential, making it an ideal candidate for future development. The tenant currently occupies the entire building and has recently signed a new lease with robust annual escalations and favorable renewal provisions, ensuring a stable income stream. The property offers a remarkable return on investment with a cap rate just under 8% and annual escalation's through 2028. Ideally situated in a prime locale near the intersection of Queensway and Norfolk in downtown Simcoe, this property provides convenient access and ample on-site parking. Don’t miss out on this top-notch industrial opportunity. (id:50947)
| MLS® Number | 40676813 |
| Property Type | Industrial |
| Basement Type | Partial |
| Stories Total | 1 |
| Size Exterior | 62000.0000 |
| Size Interior | 62000 Sqft |
| Acreage | Yes |
| Sewer | Municipal Sewage System |
| Size Depth | 311 Ft |
| Size Frontage | 570 Ft |
| Size Total Text | 2 - 4.99 Acres |
| Zoning Description | Mg, Hl |
https://www.realtor.ca/real-estate/27645054/80-second-avenue-w-simcoe
Contact us for more information
Richard Rudlin
Salesperson
(519) 623-6090
Chris Costabile
Salesperson
(519) 623-6090
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The Reitzels
Keller Williams Innovation
640 Riverbend Drive
Kitchener, ON N2K 3S2
Phone: 519-570-6299 or
519-570-4447
Email: info@TheReitzels.com
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