$2,900,000
FOR SALE

Industrial

Lot: 110 x 123 ftTotal Area: 13,575 ft2
2024 Taxes: $43,662.22

1001 Burns St E #3 & 4
Whitby, ON L1N 6A6 | Whitby Industrial | Durham

Highly attractive Industrial/Service Retail location with National tenant in place being offered at a very attractive $221 PSF. This offering is for units 3 & 4, totaling 13,575 SF. Current rents are well below market rates. Well-maintained space, new single-ply membrane roof 2022. Heavy power. Upgraded T8 lighting. Excellent proximity to two interchanges to Hwy 401. M1A zone offers broad range of uses. Fair shipping accommodation. Healthy condo reserve. 18' ceiling heights in warehouse. Common parking. This property is located in a high-growth area, and with the scarcity of industrial space in Whitby, the strong potential for future appreciation and income growth this offering is a strategic opportunity to invest in a market with robust fundamentals and promising long-term prospects.
Extras
Current lease term expiring July 2028 paying $88,237.56 Net, with fixed 5 year option following expiry at $101,812.56 Net, and second 5 year option at fair market rates.
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Listed By COLDWELL BANKER - R.M.R. REAL ESTATE
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number E9386986
Last Updated Oct 08, 2024
Property Summary
Property Type Industrial

More like this:
Use Warehousing
Category Industrial Condo
Legal Description Durham Condo Plan 119 Level 1 Unit 4 and Durham Condo plan 119 Level 1 Unit 3.
Occupancy Tenant
Possession Date TBA
Taxes (2024) $43,662.22
Tax Type Annual
Commercial Condo Fees $3,287.33
Directions/Cross Streets Burns St E/Garden St.
Neighbourhood Whitby Industrial
Area Durham
Price History

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Detailed Information
Freestanding N
Bathrooms 2
Lot 110 x 123 ft
Lot Irregularities Irregular size unit
Retail Area 15 percent
Industrial Area 80 percent
Office/Apt Area 5 percent
Total Area 13,575 ft2
Elevator None
Air Conditioning Part
Basement N
Chattels N
Garage Type Outside/Surface
Days Open V
LLBO N
Heat Type Gas Forced Air Closd
Financial Statement N
Outside Storage N
Soil Test N
Sprinklers Y
Sewers San+Storm
Utilities Y
Water Municipal
Clear Height 18 feet
Drive-In Level Shipping Doors 2
Truck Level Shipping Doors 4
Crane N
Rail N
Survey N
Lot/Bldg/Unit Code Unit
Zoning M1A
Seller Property Info Statement N

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