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$ 1,599,000
Est. payment /mo
New
31 CLEARVIEW DRIVE Tillsonburg, ON N4G4H3
2 Baths
4,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Approx. Sqft 4000
Square Footage 4,000 sqft
Price per Sqft $399
Subdivision Tillsonburg
MLS® Listing ID X14155934
Property Description
Tenanted Industrial Investment Property Generating $102,000 In Annual NET Operating Income Under a Triple-Net Lease For An Approx. 6.5% CAP Rate. The Health Canada Licensed Cannabis-Sector Tenant Operates Multiple Locations And Has Approximately Three Years Remaining On The Current Lease Term, With Scheduled Annual Rent Increases And One 5-Year Renewal Option. Building Totally Renovated In 2022 Including: 400 Amp / 600 Volt Upgraded Service, Fenced/ Gated Perimeter, Multi-Camera Advanced Security System Including Exterior Infrared Camaras, Epoxy Floors And PVC Walls & Ceilings Throughout Main Floor. The Building Offers 3200 Sq. Ft. On The Main Floor Plus An 800 Sq. Ft. Mezzanine With An Office, Security Room, Lunch Room, IT Room, 2nd Washroom And Additional Storage. Fully Serviced 0.54 Acre Reversed Pie-Shaped Lot With A Frontage Of 180 Ft. And Depths Of 321 Ft & 216 Ft. Zoning Permits Up To 70% Lot Coverage, Offering Potential For Building Expansion. Ideal Investment Property For A Passive Investor Looking To Add To Their Portfolio. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Coil Fan, Forced air,
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Listed by SKYBOUND REALTY
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