Prime Real Estate is pleased to present 675 York Street, a 36,389 SF industrial investment or\r\nowner-occupier opportunity near downtown London. The Property sits on just over 2 acres with a 1+ acre\r\nfenced yard. RSC 2, 4(26), and 5, offer a broad range of permitted uses. 11,270 SF is occupied by a\r\nmajor telecom carrier providing bonus income through a Managed Services Agreement. With conservative\r\nassumptions, this property offers a going-in cap rate of 8.50%+. Recent upgrades include a new roof\r\nover part of the building, 2 industrial generators costing over $1M, completely upgraded building\r\ncontrols, and fire sprinklers/suppression. 25,119 SF and the fenced yard is vacant with the majority\r\nhaving an 18'6"" clear height. Full data room access is available upon the completion of a\r\nconfidentiality agreement. (id:47423)
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Detailed Information
Lot
480 x 0 ft
Amenities Nearby
Public Transit, Hospital
Listing Contract Date
2024-05-10
Location Description
Property is on the\r\nSouth side of the\r\nstreet across from\r\nSt. Mary's Parish.
Property Type
Business
Transaction Type
For sale
Zoning Description
RSC2 RSC4(26) RSC5
Building
Basement Type
Partial
Exterior Finish
Concrete, Steel
Fire Protection
Alarm system, Security system
Foundation Type
Poured Concrete
Utility Water
Municipal water
Land
Total Size
Unit=480 Acre ; 225.91 ft x 9.69 ft x 480.28 ft x 154.08 ft x 102. | 2 - 4.99 acres
Acreage
Yes
Amenities
Public Transit, Hospital
Fence Type
Fenced yard
Sewer
Sanitary sewer
Size of Irregular Land
Unit=480 Acre ; 225.91 ft x 9.69 ft x 480.28 ft x 154.08 ft x 102.
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