140 ELIZABETH Street, Lambton Shores, ON N0M 2N0

Lambton Shores N0M 2N0 Ontario

MLS: X9348765

$2,950,000

Added 33 days ago | For Sale

Listed by: STREETCITY REALTY INC.

About Property

100% fully leased 50,000 sq warehouse/industrial property, with great triple net income! New 5-year NNN lease with international company. 8.3% cap rate on 5-year average net income! Carefree, hands off investment income. Property has been fully renovated with 3 warehouse buildings plus a new separate home office, all totaling 50,000 sq of leased space. Property sits on 5 acre lot with approx 4 acres of gravel storage yard. Ceiling heights from 17 feet 20 feet high. 12 new large overhead doors with auto openers. Drive-in and truck loading doors. New bright, high-bay LED lights throughout warehouse areas. 5 new gas furnaces. New 3 phase, 600-volt, 200 amp electrical. Excellent central location in heart of Southwestern Ontario, only 40 min to U.S. boarder at Sarnia. Halfway between London + Sarnia, 15 mins to hwy 402.

Features

  • House Style:Industrial
  • Bathrooms:
  • Land Size: 544 X 559
  • Water:Municipal
  • Garage Spaces:4.00 /In/Out
  • Driveway:
  • Heating Fuel:
  • Cross Street:PEARL ST. TURN RIGHT ON ALLEN
  • Basement: ,
  • Possession Date:Immediate
  • Annual Property taxes: $6602.87
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:Gas Forced Air Open
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X9348765

About Agent
Prabhjot Singh
REALTOR®
(905) 867-2666 [email protected]
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