80 Second Ave W

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

$3,850,000

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

    15

  • Status

    A

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

Home details

MLS #:

X10426534

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


Discover an exceptional investment opportunity featuring a single, national, triple net tenant with this expansive warehouse property. With approximately 62,000 square feet of versatile space situated on approximately 3 acres, this property is designated under the Official Plan as Urban Residential, making it an ideal candidate for future development. The tenant currently occupies the entire building and has recently signed a new lease with robust annual escalations and favorable renewal provisions, ensuring a stable income stream. The property offers a remarkable return on investment with a cap rate just under 8% and annual escalation's through 2028. Ideally situated in a prime locale near the intersection of Queensway and Norfolk in downtown Simcoe, this property provides convenient access and ample on-site parking. Dont miss out on this top-notch industrial 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

Mike Zamani, Realtor

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