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Description

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. Don’t miss out on this top-notch industrial opportunity. (id:39198)

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Additional media

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Property taxes

$27,370.75 per year / $2,280.90 per month

Basement

Partial

Year build

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Type

Industrial

Bedrooms

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Bathrooms

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Parking spots

Total

Floor

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Balcony

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Pool

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External material

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Roof type

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Lot frontage

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Lot depth

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Heating

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Fire place(s)

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