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$10,499,000
Available - For Sale
Listing ID: X12133154
Rare fully occupied investment opportunity offering approximately 7% cap rate currently with upside as high as 9% within four years due to escalations and lease renewals. High-quality roster of tenants who plan to stay long-term. Flexible zoning allows outside storage and property sits on 12.2 total acres with approximately 4 acres of unutilized excess land for future development potential to add additional units or for outside storage usage. Extensively upgraded building with new LED lighting, new exterior and interior metal cladding, new electrical wiring, and other work too extensive to list - $2.2 million spent on upgrades over last 8 years. Great building specs with 20 ft clear height in 80% of the building and 16 ft clear height in 20% of the building, and abundant dock-level and drive-in shipping doors.
Price $10,499,000
Taxes: $33,343.96
Tax Type: Annual
Occupancy by: Tenant
Address: 1 Firestone Road , Strathroy-Caradoc, N7G 4L9, Middlesex
Postal Code: N7G 4L9
Province/State: Middlesex
Legal Description: See remarks
Directions/Cross Streets: McNab St & High St E
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Multi-Unit
Building Percentage: T
Total Area: 93,981
Total Area Code:  Square Feet
Office/Appartment Area: 8
Office/Appartment Area Code: %
Office/Appartment Area Code: %
Maintenance: 0
Sprinklers: Yes
Rail: N
Clear Height Feet: 20
Truck Level Shipping Doors #: 4
Double Man Shipping Doors #: 0
Drive-In Level Shipping Doors #: 15
Grade Level Shipping Doors #: 0
Heat Type: Radiant
Central Air Conditioning: Partial
Sewers: Sanitary+Storm
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
LENNARD COMMERCIAL REALTY

1 Firestone Road , Strathroy-Caradoc, N7G 4L9, Middlesex


 
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At a Glance:
Type: Com - Industrial
Area: Middlesex
Municipality: Strathroy-Caradoc
Neighbourhood: SE
Style:
Lot Size: x 1486.47(Feet)
Approximate Age:
Tax: $33,343.96
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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