3 & 4 - 1001 Burns Street E Whitby, Ontario L1N 6A6
$2,900,000
Highly attractive Industrial/Service Retail location with National tenant in place being offered at a very attractive $221 PSF. This offering is for units 3 & 4, totaling 13,575 SF. Current rents are well below market rates. Well-maintained space, new single-ply membrane roof 2022. Heavy power. Upgraded T8 lighting. Excellent proximity to two interchanges to Hwy 401. M1A zone offers broad range of uses. Fair shipping accommodation. Healthy condo reserve. 18' ceiling heights in warehouse. Common parking. This property is located in a high-growth area, and with the scarcity of industrial space in Whitby, the strong potential for future appreciation and income growth this offering is a strategic opportunity to invest in a market with robust fundamentals and promising long-term prospects. **** EXTRAS **** Current lease term expiring July 2028 paying $88,237.56 Net, with fixed 5 year option following expiry at $101,812.56 Net, and second 5 year option at fair market rates. (id:50886)
Business
| BusinessType | Industrial |
| BusinessSubType | Warehouse |
Property Details
| MLS® Number | E9386986 |
| Property Type | Industrial |
| Community Name | Whitby Industrial |
Building
| BathroomTotal | 2 |
| CoolingType | Partially Air Conditioned |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| SizeInterior | 13575 Sqft |
| Type | Warehouse |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| SizeDepth | 123 Ft |
| SizeFrontage | 110 Ft |
| SizeIrregular | Unit=110 X 123 Ft ; Irregular Size Unit |
| SizeTotalText | Unit=110 X 123 Ft ; Irregular Size Unit |
| ZoningDescription | M1a |
Interested?
Contact us for more information
Armani Bhatti
Broker
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October 16 2024 03:39:08
Toronto Real Estate Board
Coldwell Banker - R.m.r. Real Estate