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. (id:47421)
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Detailed Information
Bathrooms
2
Lot
110 x 123 ft
Listing Contract Date
2024-10-08
Location Description
Burns St E/Garden St.
Property Type
Industrial
Transaction Type
For sale
Zoning Description
M1A
Business
Business Type
Industrial
Business Subtype
Warehouse
Building
Cooling Type
Partially air conditioned
Heating Fuel
Natural gas
Heating Type
Forced air
Type
Warehouse
Utility Water
Municipal water
Land
Total Size
Unit=110 x 123 FT ; Irregular size unit
Size of Irregular Land
Unit=110 x 123 FT ; Irregular size unit
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