80 SECOND Avenue W Active

Simcoe,ON N3Y2P3

$ 3850000

- Bed

- Bath

62000 SqFt


Key Details

Property Type Commercial

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 62,000 sqft

Price per Sqft $62

Subdivision Town Of Simcoe

MLS Listing ID 40676813

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. (id:24570)

Location

Province ON

Exterior

Parking Features No

View Y/N No

Building

Story 1

Sewer Municipal sewage system

View More
Favorite Go Tour