675 York Street, London, ON, N5W 2S6

$4,500,000

MLS® # 40586879

Commercial For Sale In East London, London, Ontario

$4,500,000

Property Information:

Prime Real Estate is pleased to present 675 York Street, a 36,389 SF industrial investment orowner-occupier opportunity near downtown London. The Property sits on just over 2 acres with a 1+ acrefenced yard. RSC 2, 4(26), and 5, offer a broad range of permitted uses. 11,270 SF is occupied by amajor telecom carrier providing bonus income through a Managed Services Agreement. With conservativeassumptions, this property offers a going-in cap rate of 8.50%+. Recent upgrades include a new roofover part of the building, 2 industrial generators costing over $1M, completely upgraded buildingcontrols, and fire sprinklers/suppression. 25,119 SF and the fenced yard is vacant with the majorityhaving an 18'6" clear height. Full data room access is available upon the completion of aconfidentiality agreement.

Exclusions : Tenant Owned Fixtures/Chattels.2e

Property Features:

  • Bedrooms: 0
  • Acres Range: 2-4.99
  • Basement: Partial
  • Construction Materials: Block, Metal/Steel Siding
  • Exterior Features: Dock Height Loading, Grade Loading, Storage
  • Fencing: Fenced
  • Interior Features: High Speed Internet
  • Lot Features: Ample Parking, Business Centre, City Lot, High Traffic Area, Highway Access, Hospital, Major Anchor, Public Transit, Visual Exposure
  • Lot Frontage: 480.00 Feet
  • Parking Features: Asphalt, Public, Truck Yard, Guest
  • Security Features: Security Gate, Alarm System, Carbon Monoxide Detector(s), Security System, Other
  • Utilities: Electricity Connected, Fibre Optics, Garbage/Sanitary Collection, Natural Gas Connected, Recycling Pickup, Phone Connected
  • Water Source: Municipal
  • Zoning: RSC2 RSC4(26) RSC5
  • Sewer: Sewer (Municipal)

Courtesy of: PRIME REAL ESTATE 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

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