31 CLEARVIEW DRIVE
Tillsonburg, Ontario
MLS® X14155934
$1,599,000
- Status
- Active
- Property type
- Industrial
- MLS® number
- X14155934
- Bedrooms
- —
- Bathrooms
- 2
- Year built
- —
1 / 27Listing 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.
Property summary
- MLS® number
- X14155934
- Property type
- Industrial
- Size
- 4,000 sq ft
- Land size
- 180 x 321 FT ; Reverse Pie. 216 Ft Depth West Side
- Annual property taxes
- $5,131.89
- Days on market
- 0 days
Features & details
- Heating
- Forced air, Natural gas, Coil Fan
- Cooling
- Fully air conditioned
What would this home cost you?
Based on the $1,599,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of SKYBOUND REALTY, Mississauga,.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.