Here is an excellent commercial revenue property that is not only built like a brick house, but has just as solid of a tenant. This sturdy building is 7,800 square feet plus a 1,300 square foot mezzanine. It has 4 natural gas radiant heaters for the shop space and hot water heat for the offices and upstairs. There are two 12x14 doors, one on either end for drive-through capabilities, as well as an 8x9 dock door. With a fenced compound and .85 of an acre of land, 3-phase power, a floor drain system, and loads of on-site parking, it is no wonder the current, long-term tenant has renewed a 5-year lease with a 5-year negotiable option. Showing a strong CAP rate, with the seller paying only property taxes and insurance, you don’t want to miss adding this money-maker to your portfolio. (id:47423)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Lot
118.25 x 0 ft
Listing Contract Date
2024-06-10
Ownership Type
Freehold
Property Type
Industrial
Transaction Type
For sale
Business
Business Type
Industrial
Business Subtype
Warehouse
Building
Constructed Date
1930
Construction Style (Other)
Distribution
Heating Type
Hot Water, Radiant heat
Size (Exterior)
7800 square feet
Type
Warehouse
Land
Total Size
0.85 acres
Size of Irregular Land
0.85
Terms of Use
Please review and agree to the following terms of use to access the listing content:
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA;
The information contained on this site is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy;
This website is operated by a brokerage or salesperson who is a member of CREA;
The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically forbidden. The prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website.
The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.