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2469 Aviation Lane, London, ON, N5V 3Z9

MLS® # 40353476
Commercial For Sale In London, Ontario
$1,000,000
2469 Aviation Lane, London, ON
2469 Aviation Lane, London, ON
2469 Aviation Lane, London, ON
2469 Aviation Lane, London, ON
2469 Aviation Lane, London, ON
2469 Aviation Lane, London, ON
  • Advertising
2469 Aviation Lane, London, ON, N5V 3Z9
$1,000,000

Property Information:

Located at the London International Airport. Excellent investment opportunity. Fully leased to three long term tenants. Building consists of 14,876 square feet on one acre and is in top condition throughout. Net operating income of $69,812.75 with a cap rate of 7%. increasing to $73,050.60 in 2025 with a cap rate of 7.3% with rent escalations. Property is on a land lease with the "Greater London International Airport Authority" having a term of forty years and expiring on March 14, 2059. Monthly payment is $651.95. The Airport Authority will usually grant the Buyer with a new forty year lease at the time of sale. Seller with provide secondary financing up to $200,000.00 at below market rates. Copy of current rent roll, operating expenses, land lease and site plan available upon request.

Property Features:

  • Bedrooms: 0
  • Acres Range:
  • Basement: None
  • Built in: 1998
  • Cooling: Central Air
  • Flooring: Carpet, Ceramic Tile, Laminate
  • Foundation Details: Poured Concrete
  • Heating: Forced Air, Natural Gas, Radiant, Unit Heater
  • Lot Depth: 397.74 Feet
  • Lot Features: Rural, Rectangular, Paved, Airport, Ample Parking
  • Lot Frontage: 113.19 Feet
  • Parking Features: In/Out Parking, Asphalt
  • Road Frontage Type: Municipal Road
  • Utilities: Yes
  • Water Source: Municipal-Metered
  • Zoning: GI1(4)
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 35

Courtesy of: RE/MAX CENTRE CITY REALTY INC., BROKERAGE

Data provided by: London St. Thomas Association of REALTORS® 342 Commissioners Rd. W., London, Ontario N6J 1Y3
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

Location of 2469 Aviation Lane, London, ON, N5V 3Z9

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: High

35 hot days expected in 2050

Projected Storm Risk: Very High

13 storms expected in 2050

Projected Heat Risk: High

35 hot days expected in 2050

55/100

High

ClimateCheck®

Current data

This property, 2469 Aviation Lane , experiences 7 hot days per year at around 30.96 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 35 hot days at 34.46 degrees Celsius.

Projected Avg. Temperature

Past
30.96℃
2050
34.46℃

# Hot Days Per Year

Past
7
2050
35

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk:

13 storms expected in 2050

65/100

ClimateCheck®

Current data

This property, 2469 Aviation Lane , experiences 11 significant 2-day storms per year, with about 330.97mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 13 significant 2-day storms with 408.32mm of precipitation per year.

Precipitation Per Storm

Past
330.97mm
2050
408.32mm

48-Hour Storms Per Year

Past
11
2050
13

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

Demographic Information of 2469 Aviation Lane, London, ON, N5V 3Z9

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$89,964.00

Average Number of Children

1.30

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

25.0 %

High school certificate or equivalent

38.33 %

Apprenticeship trade certificate/diploma

8.33 %

College/non-university certificate

28.33 %

University Degree

Commuter

Travel To Work

By Car

90.25 %

By Public Transit

0.0 %

By Walking

9.76 %

By Bicycle

0.0 %

By Other Methods

-0.01 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

Houses

100.0 %

Own Vs. Rent