Valeria Zhibareva
Broker
Re/Max Realty Enterptises Inc., Brokerage, Brokerage
Independently owned and operated.
1697 Lakeshore Rd W , Mississauga, Ontario L5J 1J4
Cell: 905-599-8574Office: 905-855-2200Fax: 905-855-2201
$3,850,000
Available - For Sale
Listing ID: X9255783
80 Second Ave West , Norfolk, N3Y 2P3, Ontario
| 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. Dont miss out on this top-notch industrial opportunity. |
| Price | $3,850,000 |
| Taxes: | $27370.75 |
| Tax Type: | Annual |
| Occupancy by: | Tenant |
| Address: | 80 Second Ave West , Norfolk, N3Y 2P3, Ontario |
| Postal Code: | N3Y 2P3 |
| Province/State: | Ontario |
| Legal Description: | LT 2-6 BLK 7 PL 182; PT LT 1 BLK 7 PL 18 |
| Lot Size: | 570.00 x 311.00 (Feet) |
| Directions/Cross Streets: | SECOND/NORFOLK |
| Category: | Free Standing |
| Use: | Warehousing |
| Building Percentage: | Y |
| Total Area: | 62000.00 |
| Total Area Code: | Sq Ft |
| Industrial Area: | 62000 |
| Office/Appartment Area Code: | Sq Ft |
| Sprinklers: | Y |
| Rail: | N |
| Clear Height Feet: | 18 |
| Truck Level Shipping Doors #: | 3 |
| Double Man Shipping Doors #: | 0 |
| Drive-In Level Shipping Doors #: | 2 |
| Grade Level Shipping Doors #: | 2 |
| Heat Type: | None |
| Central Air Conditioning: | N |
| Water: | Municipal |
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Valeria Zhibareva
Broker
Dir:
905-599-8574
Bus:
905-855-2200
Fax:
905-855-2201
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At a Glance:
| Type: | Com - Industrial |
| Area: | Norfolk |
| Municipality: | Norfolk |
| Neighbourhood: | Simcoe |
| Lot Size: | 570.00 x 311.00(Feet) |
| Tax: | $27,370.75 |
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