80 Second Avenue W, Norfolk Simcoe
- Living area: 62000 square feet
- Type: Commercial
- Added: 32 days ago
- Updated: 12 days ago
- Last Checked: 22 hours ago
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. Dont miss out on this top-notch industrial opportunity. (id:1945)
Property Details
- Structure Type: Warehouse
- Building Area Total: 62000
Interior Features
- Living Area: 62000
Exterior & Lot Features
- Water Source: Municipal water
- Lot Size Dimensions: Bldg=570 x 311 FT
Location & Community
- Directions: SECOND/NORFOLK
- Street Dir Suffix: West
Business & Leasing Information
- Business Type: Industrial
Tax & Legal Information
- Tax Annual Amount: 27370.75
- Zoning Description: MG, HL
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