Property Specs:
Price$4,500,000.00
CityLondon, ON
Address675 YORK STREET
Listing IDX8382380
ConstructionConcrete, Steel
Land SizeUnit=480 Acre ; 225.91 ft x 9.69 ft x …
StatusFor sale
Extended Features:
Amenities Nearby Hospital, Public TransitBasement PartialFire Protection Alarm system, Security systemFoundation Poured ConcreteUtility Water Municipal water
Details:
Prime Real Estate is pleased to present 675 York Street, a 36,389 SF industrial investment or\r\nowner-occupier opportunity near downtown London. The Property sits on just over 2 acres with a 1+ acre\r\nfenced yard. RSC 2, 4(26), and 5, offer a broad range of permitted uses. 11,270 SF is occupied by a\r\nmajor telecom carrier providing bonus income through a Managed Services Agreement. With conservative\r\nassumptions, this property offers a going-in cap rate of 8.50%+. Recent upgrades include a new roof\r\nover part of the building, 2 industrial generators costing over $1M, completely upgraded building\r\ncontrols, and fire sprinklers/suppression. 25,119 SF and the fenced yard is vacant with the majority\r\nhaving an 18'6"" clear height. Full data room access is available upon the completion of a\r\nconfidentiality agreement. (id:4555)
