675 York Street London, Ontario N5W 2S6
$4,500,000
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:50886)
Property Details
| MLS® Number | X8382380 |
| Property Type | Business |
| Community Name | East L |
| AmenitiesNearBy | Public Transit, Hospital |
Building
| BasementType | Partial |
| ExteriorFinish | Concrete, Steel |
| FireProtection | Alarm System, Security System |
| FoundationType | Poured Concrete |
| SizeInterior | 36389 Sqft |
| UtilityWater | Municipal Water |
Land
| Acreage | Yes |
| FenceType | Fenced Yard |
| LandAmenities | Public Transit, Hospital |
| Sewer | Sanitary Sewer |
| SizeFrontage | 480 Ft |
| SizeIrregular | Unit=480 Acre ; 225.91 Ft X 9.69 Ft X 480.28 Ft X 154.08 Ft X 102. |
| SizeTotalText | Unit=480 Acre ; 225.91 Ft X 9.69 Ft X 480.28 Ft X 154.08 Ft X 102.|2 - 4.99 Acres |
| ZoningDescription | Rsc2 Rsc4(26) Rsc5 |
https://www.realtor.ca/real-estate/26959286/675-york-street-london-east-l
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Justin Konikow
Salesperson
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September 13 2024 07:20:32
London and St. Thomas Association of REALTORS®
Prime Real Estate Brokerage