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80 Second Avenue W, Simcoe, Ont, N3Y 2P3 $3,850,000

(519) 757 7042

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62000 sqft
Acreage

$3,850,000

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. (id:51992)

Property Details

MLS® Number 40676813
Property Type Industrial

Building

Basement Type Partial
Stories Total 1
Size Exterior 62000.0000
Size Interior 62000 Sqft

Land

Acreage Yes
Sewer Municipal Sewage System
Size Depth 311 Ft
Size Frontage 570 Ft
Size Total Text 2 - 4.99 Acres
Zoning Description Mg, Hl