80 Second Avenue W , Simcoe, ON N3Y 2P3
Simcoe, ON N3Y 2P3
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. Don’t miss out on this top-notch industrial opportunity.
Details
| MLS# | 40630305 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 52 |
| Listing Provided By | The Agency | Richard Rudlin |
Features
| SQ Feet | 62,000 |
|---|---|
| Basement | Y |
| Story(s) | 1 |
| Zoning | MG, HL |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Norfolk |
| City | Simcoe |
| Postal Code | N3Y 2P3 |
| Area | Town of Simcoe |
| Subarea | Town of Simcoe |
| Community Name | Town of Simcoe |
| Listing VS Median (in Town of Simcoe) | |
Price: $3,850,000 low | high Med: $649,900 SqFt: 62,000 low | high Med: 1,683 $ / SqFt: $62 low | high Med: $386 On Site: 52 low | high Med: 172.000000 | |
