80 Second Ave W

Norfolk | Simcoe | N3Y 2P3
  • 62000.0 sqft
  • 0 gar

$3,850,000

Est. Mtg $13,054 /mo
  • Days on market

    250

  • Status

    A

Listing Broker Realty Advisors & Co.
Since listed: 0 views

Home details

MLS #:

X11913701

Property type:
Industrial
Style:
Taxes:
$27,371
Possession:
Immediate
Condo Fee:
Lot Size:
570.0 X 311.0
Zoning:
MG, HL
Use:
Warehousing
Heat:
None

Description


80 Second Ave W, , Norfolk, Ontario is a Industrial property in Norfolk and in the Simcoe community in the N3Y 2P3 postal code


Explore an outstanding investment opportunity with this expansive warehouse property, featuring a single national triple net tenant. Spanning approximately 62,000 square feet on around 3 acres, this versatile space is designated as Urban Residential in the Official Plan, positioning it as an excellent prospect for future development. The tenant currently occupies the entire building and has recently signed a new lease that includes strong annual escalations and favorable renewal terms, ensuring a reliable income stream. With a cap rate of just under 8% and annual escalations extending through 2028, this property promises an impressive return on investment. Conveniently located near the intersection of Queensway and Norfolk in downtown Simcoe, it offers easy access and ample on-site parking. Seize this exceptional industrial investment opportunity!.

Extras

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Payment calculator

$15335 monthly. In association with: TD Bank
%
  • Principal and Interest
    13054 /mo
  • Property Taxes
    $2280 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Ben Pourkamali, Realtor

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