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$2,920,000
Status: For Sale
24,863 SF industrial facility on a 1.5-acre lot. Located in Tillsonburg, a town 50 KM's southeast of London, the Property is equipped with 2 shipping doors, two heavy-duty cranes, and 16 foot clear heights. Upon closing, the owner, J/E Bearing & Machine who has occupied the premises since 1988, will enter into a 5-year leaseback of the grounds and building. The leaseback is proposed to begin at a net rental rate of $8.50 psf with built-in escalations and an additional 5-year renewal option.
| Property Type | :Commercial |
|---|---|
| MLS Number | :X10440651 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :21 Nov, 2024 (22 Hours ago) |
| Source | :TRREB |
| Area | :Oxford |
|---|---|
| Postal Code | :
N4G 5V3
|
| Price | : $2,920,000 |
|---|---|
| Property Taxes | :$29800.00 |
| Tax Year | :2023 |
|---|
| Cross Street | :Spruce Street / Cedar Street |
|---|
| Fireplace/Stove | :No |
|---|
21 Nov, 2024
TREB #X10440651
Available
$2920000.0
