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$4,500,000
Status: OFF MARKET
Prime Real Estate is pleased to present 675 York Street, a 36,389 SF industrial investment orowner-occupier opportunity near downtown London. The Property sits on just over 2 acres with a 1+ acrefenced yard. RSC 2, 4(26), and 5, offer a broad range of permitted uses. 11,270 SF is occupied by amajor telecom carrier providing bonus income through a Managed Services Agreement. With conservativeassumptions, this property offers a going-in cap rate of 8.50%+. Recent upgrades include a new roofover part of the building, 2 industrial generators costing over $1M, completely upgraded buildingcontrols, and fire sprinklers/suppression. 25,119 SF and the fenced yard is vacant with the majorityhaving an 18'6'' clear height. Full data room access is available upon the completion of aconfidentiality agreement.
| Property Type | :Commercial Sale |
|---|---|
| MLS Number | :40586879 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :10 May, 2024 (195 Days ago) |
| Source | :LSTAR |
| Area | :Middlesex |
|---|---|
| City | :London |
| Area Major | :East |
| Area Minor | :East L |
| Postal Code | :
N5W 2S6
|
| Directions | :Property is on the South side of the street across from St. Mary's Parish. |
| Price | : $4,500,000 |
|---|---|
| Property Taxes | :$37637.57 |
| Tax Year | :2023 |
|---|
| Place of Worship | :No |
|---|
| Approx Square Footage | :36389 sqft |
|---|
10 May, 2024
TREB #40586879
Listed
$4500000
