675 YORK St, London MLS Number: X8382380
East L, London, Middlesex, ON, N5W 2S6$4,500,000
Status: OFF MARKET
- Property Type: Commercial (Sale Of Business)
- Property Taxes : $37637.57 (Tax Year:2023)
- Listing Courtesy : Prime Real Estate Brokerage
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$4,500,000
Status: OFF MARKET
Prime Real Estate is pleased to present 675 York Street, a 36,389 SF industrial investment or owner-occupier opportunity near downtown London. The Property sits on just over 2 acres with a 1+ acre fenced yard. RSC 2, 4(26), and 5, offer a broad range of permitted uses. 11,270 SF is occupied by a major telecom carrier providing bonus income through a Managed Services Agreement. With conservative assumptions, this property offers a going-in cap rate of 8.50%+. Recent upgrades include a new roof over part of the building, 2 industrial generators costing over $1M, completely upgraded building controls, and fire sprinklers/suppression. 25,119 SF and the fenced yard is vacant with the majority having an 18'6" clear height. Full data room access is available upon the completion of a confidentiality agreement.
| Property Type | :Commercial |
|---|---|
| MLS Number | :X8382380 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :13 Sep, 2024 (448 Days ago) |
| Source | :TRREB |
| Area | :Middlesex |
|---|---|
| Postal Code | :
N5W 2S6
|
| Price | : $4,500,000 |
|---|---|
| Property Taxes | :$37637.57 |
| Tax Year | :2023 |
|---|
| Cross Street | :Property is on the South side of the street across from St. Mary's Parish. |
|---|
30 Apr, 2024
TREB #X8284770
Available
$4500000.0