ON > Simcoe
Simcoe, ON N3Y 2P3,80 Second Avenue W
Simcoe, ON N3Y 2P3,80 Second Avenue W
Simcoe, ON N3Y 2P3,80 Second Avenue W
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The Real Estate Boutique Brokerage Inc

The Real Estate Boutique Brokerage Inc

+1(905) 332-2207
Listed by Richard Rudlin • Realty Advisors & Co., Brokerage
$3,850,000
Est. payment /mo
62,000 SqFt
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UPDATED:

10/25/2024 04:03 AM

Key Details

Property Type Commercial

Sub Type Industrial,Building and Land

Listing Status Active

Purchase Type For Sale

Square Footage 62,000 sqft

Price per Sqft $62

MLS Listing ID 40630305

Abv Grd Liv Area 62,000

Originating Board Brantford

Annual Tax Amount $27,370

Property 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.

Location

Province ON

County Norfolk

Area Town Of Simcoe

Zoning MG, HL

Direction Norfolk St N to Second Ave W

Rooms

Basement Partial

Kitchen 0

Interior

Fireplace No

Exterior

Waterfront No

Lot Frontage 570.0

Lot Depth 311.0

Garage No

Building

Lot Description Irregular Lot, City Lot

Faces Norfolk St N to Second Ave W

Story 1

Sewer Sewer (Municipal)

Water Other

New Construction No

Others

Senior Community No

Tax ID 501890045

Ownership Freehold/None

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+1(905) 332-2207

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