80 SECOND Avenue W

Industrial For Sale in Simcoe, Ontario

$3,850,000
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:4069)
Address 80 SECOND Avenue W
List Price $3,850,000
Property Type Industrial
Area Ontario
Sub-Area Simcoe
Floor Area 62,000 Sq. Ft.
MLS® Number 40676813
Listing Brokerage Realty Advisors & Co., Brokerage
Basement Area Partial
Postal Code N3Y2P3
Zoning MG, HL

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Peter Costabile

Realty Advisors & Co.

45 Argyle Avenue Delhi Ontario N4B 1J4

Mobile: (289) 527-1616

Office: (519) 503-8668

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