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Listed by Richard Rudlin • Realty Advisors & Co., Brokerage
$ 3,850,000
Est. payment /mo
Active
80 Second Avenue W Simcoe, ON N3Y 2P3
62,000 SqFt
UPDATED:
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 40687937
Abv Grd Liv Area 62,000
Originating Board Brantford
Annual Tax Amount $27,370
Property Sub-Type Industrial,Building and Land
Property Description
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!
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
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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