$10,499,000
Available - For Sale
Listing ID: X12133154
1 Firestone Road , Strathroy-Caradoc, N7G 4L9, Middlesex
| Rare fully occupied investment opportunity offering approximately 7% cap rate currently with upside as high as 9% within four years due to escalations and lease renewals. High-quality roster of tenants who plan to stay long-term. Flexible zoning allows outside storage and property sits on 12.2 total acres with approximately 4 acres of unutilized excess land for future development potential to add additional units or for outside storage usage. Extensively upgraded building with new LED lighting, new exterior and interior metal cladding, new electrical wiring, and other work too extensive to list - $2.2 million spent on upgrades over last 8 years. Great building specs with 20 ft clear height in 80% of the building and 16 ft clear height in 20% of the building, and abundant dock-level and drive-in shipping doors. |
| Price | $10,499,000 |
| Taxes: | $33343.96 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 1 Firestone Road , Strathroy-Caradoc, N7G 4L9, Middlesex |
| Postal Code: | N7G 4L9 |
| Province/State: | Middlesex |
| Legal Description: | See remarks |
| Directions/Cross Streets: | McNab St & High St E |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Multi-Unit |
| Building Percentage: | T |
| Total Area: | 93981.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 8 |
| Office/Appartment Area Code: | % |
| Office/Appartment Area Code: | % |
| Sprinklers: | Yes |
| Washrooms: | 0 |
| Rail: | N |
| Clear Height Feet: | 20 |
| Truck Level Shipping Doors #: | 4 |
| Double Man Shipping Doors #: | 0 |
| Drive-In Level Shipping Doors #: | 15 |
| Grade Level Shipping Doors #: | 0 |
| Heat Type: | Radiant |
| Central Air Conditioning: | Partial |
| Sewers: | Sanitary+Storm |
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| LENNARD COMMERCIAL REALTY |
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At a Glance:
| Type: | Com - Industrial |
| Area: | Middlesex |
| Municipality: | Strathroy-Caradoc |
| Neighbourhood: | SE |
| Tax: | $33,343.96 |
| Fireplace: | N |
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