Description
*Only sold together with the adjoining Unit at 1680 Midland Avenue 6 (MLS #E12224300)* PRICE DECREASE with further potential to negotiate price. This owner-occupied industrial warehouse is being offered as a leaseback, generating an attractive cap rate and capital appreciation potential with a 10+5 triple net lease being offered to the purchaser. Current owners run a successful business at the location and are looking to free up capital for expansion. A true chance to set your own returns as an investor as the new lease will be negotiated directly with the current owners of the property. Well designed rectangular layout with front office/reception area with 2 washrooms. 7 exclusive parking spots and included with each unit. Minutes away from 401 On/Off Ramp and currently zoning allowing for a variety of uses including automotive. Floor plans available upon request.
Overview
Property ID:
E12224270
Type:
Industrial
Bathrooms:
2
Square:
2,750 m²
Price:
$1,475,000
PropertyType:
Commercial
TransactionType:
For Sale
BuildingAreaUnits:
Square Feet
Cooling:
No
Heating:
Gas Forced Air Open
ParkingFeatures:
None
YearBuilt:
Unknown
TaxAnnualAmount:
10936.96
PossessionDetails:
Unknown
Map
-
AddressToronto E04
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