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$2,950,000
Available - For Sale
Listing ID: X9348765
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.
Price $2,950,000
Taxes: $6,602.87
Tax Type: Annual
Assessment Year: 2023
Occupancy by: Vacant
Address: 140 ELIZABETH Stre , Lambton Shores, N0M 2N0, Lambton
Postal Code: N0M 2N0
Province/State: Lambton
Legal Description: PT LT 20-21 CONC3 AND PT LT 21 CONC 3, P
Directions/Cross Streets: PEARL ST. TURN RIGHT ON ALLEN
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Free Standing
Use: Warehouse
Building Percentage: T
Total Area: 50,001
Total Area Code:  Square Feet
Office/Appartment Area: 2000
Office/Appartment Area Code: Sq Ft
Office/Appartment Area Code: Sq Ft
Maintenance: 0
Sprinklers: No
Outside Storage: T
Rail: N
Clear Height Feet: 17
Truck Level Shipping Doors #: 3
Double Man Shipping Doors #: 6
Drive-In Level Shipping Doors #: 8
Grade Level Shipping Doors #: 10
Heat Type: Gas Forced Air Open
Central Air Conditioning: No
Sewers: Sanitary
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
STREETCITY REALTY INC.

140 ELIZABETH Stre , Lambton Shores, N0M 2N0, Lambton


 
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At a Glance:
Type: Com - Industrial
Area: Lambton
Municipality: Lambton Shores
Neighbourhood: Thedford
Style:
Lot Size: x 559.00(Feet)
Approximate Age:
Tax: $6,602.87
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 4
Fireplace: N
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