80 Second Avenue W Simcoe, Ontario N3Y 2P3
$3,850,000
Explore an outstanding investment opportunity with this expansive warehouse property, featuring a single national triple net tenant. Spanning approximately 62,000 square feet on around 3 acres, this versatile space is designated as Urban Residential in the Official Plan, positioning it as an excellent prospect for future development. The tenant currently occupies the entire building and has recently signed a new lease that includes strong annual escalations and favorable renewal terms, ensuring a reliable income stream. With a cap rate of 8.46% and annual escalations extending through 2028, this property promises an impressive return on investment. Conveniently located near the intersection of Queensway and Norfolk in downtown Simcoe, it offers easy access and ample on-site parking. Seize this exceptional industrial investment opportunity! (id:50886)
Property Details
| MLS® Number | 40687937 |
| Property Type | Industrial |
Building
| Basement Type | Partial |
| Stories Total | 1 |
| Size Exterior | 62000.0000 |
| Size Interior | 62,000 Ft2 |
Land
| Acreage | Yes |
| Sewer | Municipal Sewage System |
| Size Depth | 311 Ft |
| Size Frontage | 570 Ft |
| Size Total Text | 2 - 4.99 Acres |
| Zoning Description | Mg, Hl |
https://www.realtor.ca/real-estate/27778739/80-second-avenue-w-simcoe
Contact Us
Contact us for more information
Richard Rudlin
Salesperson
45 Argyle Avenue
Delhi, Ontario N4B 1J4
(519) 503-8668
www.realtyadvisorsandco.com/
Chris Costabile
Salesperson
45 Argyle Ave. Unit A
Delhi, Ontario N4B 1J4
(519) 503-8668
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March 31 2025 07:03:47
Brantford Regional Real Estate Assn Inc
Realty Advisors & Co., Brokerage