80 Second Avenue W Simcoe, Ontario N3Y 2P3
$3,850,000
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:50886)
Property Details
| MLS® Number | 40676813 |
| Property Type | Industrial |
Building
| BasementType | Partial |
| StoriesTotal | 1 |
| SizeExterior | 62000.0000 |
| SizeInterior | 62000 Sqft |
Land
| Acreage | Yes |
| Sewer | Municipal Sewage System |
| SizeDepth | 311 Ft |
| SizeFrontage | 570 Ft |
| SizeTotalText | 2 - 4.99 Acres |
| ZoningDescription | Mg, Hl |
https://www.realtor.ca/real-estate/27645054/80-second-avenue-w-simcoe
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Richard Rudlin
Salesperson
195 Henry St-Unit 1
Brantford, Ontario N3S 5C9
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November 13 2024 02:44:06
Brantford Regional Real Estate Assn Inc
The Agency