80 Second W Avenue, Norfolk, ON N3Y 2P3

  • $3,850,000
80 Second W Avenue, Norfolk, ON N3Y 2P3
Active
80 Second W Avenue, Norfolk, ON N3Y 2P3
  • $3,850,000

Overview

Property ID: X10426534
  • Commercial Sale, Industrial
  • Property Type
  • 62000
  • Sqft

Description

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. Dont miss out on this top-notch industrial opportunity.

  • Address 80 Second W Avenue
  • City Norfolk
  • State/county ON
  • Zip/Postal Code N3Y 2P3

Details

Updated on November 18, 2024 at 4:06 pm
  • Property ID: X10426534
  • Price: $3,850,000
  • Property Size: 62000 Sqft
  • Garage Size: x x
  • Property Type: Commercial Sale, Industrial
  • Property Status: Active
  • MLS#: X10426534

Additional details

  • Utilities: Yes
  • Cooling: No
  • County: Norfolk
  • Property Type: Commercial Sale

Mortgage Calculator

$29,197.33
Monthly
  • Principal & Interest $27,864.00
  • Property Tax $250.00
  • Home Insurance $83.33
  • PMI $1,000.00
$
$
%
$
$
$

Contact Information

View Listings
elitenikhanda
  • elitenikhanda

Enquire About This Property

0 Review

Sort by:
Leave a Review

Leave a Review

Compare listings

Compare
elitenikhanda
  • elitenikhanda