$1,599,000 Sale

Listed 11 hours ago

31 CLEARVIEW DRIVE

MLS® x14155934 Industrial

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Beds · 0

Baths · 2.0

Parking · 0

Sqft · 4000

Est. mortgage

$6,066/mo

Key Facts

Key facts for 31 CLEARVIEW DRIVE

Property Type

Commercial

Parking

Garage: No, 0 parking

MLS #

X14155934

Size

4000 sqft

Basement

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

Description

Tenanted Industrial Investment Property Generating $102,000 In Annual NET Operating Income Under a Triple-Net Lease For An Approx. 6.5% CAP Rate. The Health Canada Licensed Cannabis-Sector Tenant Operates Multiple Locations And Has Approximately Three Years Remaining On The Current Lease Term, With ...Scheduled Annual Rent Increases And One 5-Year Renewal Option. Building Totally Renovated In 2022 Including: 400 Amp / 600 Volt Upgraded Service, Fenced/ Gated Perimeter, Multi-Camera Advanced Security System Including Exterior Infrared Camaras, Epoxy Floors And PVC Walls & Ceilings Throughout Main Floor. The Building Offers 3200 Sq. Ft. On The Main Floor Plus An 800 Sq. Ft. Mezzanine With An Office, Security Room, Lunch Room, IT Room, 2nd Washroom And Additional Storage. Fully Serviced 0.54 Acre Reversed Pie-Shaped Lot With A Frontage Of 180 Ft. And Depths Of 321 Ft & 216 Ft. Zoning Permits Up To 70% Lot Coverage, Offering Potential For Building Expansion. Ideal Investment Property For A Passive Investor Looking To Add To Their Portfolio. (id:10452)

Full Property Details

Interior

Washrooms

2.0

Square Footage

4000 sqft

Heating Source

Natural gas

Heating Type

Coil Fan, Forced air

Air Conditioning

Fully air conditioned

Full Bathrooms

Half Bathrooms

Washrooms

2.0

Square Footage

4000 sqft

Heating Source

Natural gas

Heating Type

Coil Fan, Forced air

Air Conditioning

Fully air conditioned

Full Bathrooms

Half Bathrooms

Exterior

Acreage

180 x 321 FT ; Reverse Pie. 216 Ft Depth West Side

Parking Spaces

Garage Spaces Y/N

Zoning Description

MG (General Industrial)

Acreage

180 x 321 FT ; Reverse Pie. 216 Ft Depth West Side

Parking Spaces

Garage Spaces Y/N

Zoning Description

MG (General Industrial)

Building Description

Home Type

Commercial

Subtype

Industrial

Water Supply

Municipal water

Home Type

Commercial

Subtype

Industrial

Water Supply

Municipal water

Community

Tillsonburg

Area Code

Tillsonburg

Community

Tillsonburg

Area Code

Tillsonburg

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Jagdeep Saini

Email: [email protected] Cell: 647-284-0081