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$4,500,000
Status: OFF MARKET
Industrial investment opportunity in Barrie's south end. General Industrial (GI) zoning, allows for robust industrial uses. Building and site are well maintained. Three (3) Units total, one (Unit A) is currently occupied by Owner (4,800SF). Unit B, 2,400SF unit with Tenant, Unit C&D occupied by same Tenant. Tenant NNN leases expire in 2027, sign CA to for review of lease documents. Seller willing to lease back their current unit upon negotiated lease following completion. Approximate NOI $155,000. Mix of dock level and drive in doors. 22' clear. Three Phase, 600 Volts. Site has ample outdoor storage opportunity at rear, or space for potential expansion. Located a short drive from Mapleview & Hwy 400. On Barrie Transit route. Rare opportunity to own an investment with highly demanded units. Very low vacancy in industrial market due to high demand in Simcoe County area. Market rates have continuously increased over the past 10 years, with no end in sight.
| Property Type | :Commercial |
|---|---|
| MLS Number | :S8350672 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :27 May, 2024 (314 Days ago) |
| Source | :TRREB |
| Area | :Simcoe |
|---|---|
| Postal Code | :
L4N 9A5
|
| Price | : $4,500,000 |
|---|---|
| Property Taxes | :$26685.30 |
| Tax Year | :2024 |
|---|
| Cross Street | :North Of Lockhart Road |
|---|
17 May, 2024
TREB #S8350672
Available
$4,500,000
