REAL ESTATE ONLY

This property is ideally located on a corner on the very popular, high traffic Millar Avenue. The property has had a longstanding tenant for over 25 years. A fantastic opportunity for an investor to own a prime property with stable income on a five-year lease term.

*PLEASE ARRANGE VIEWING THROUGH LISTING AGENT WITH 24 HOURS NOTICE

LAND SIZE
1.12 Acres

BUILDING SIZE
11,600 SF footprint

SALE PRICE
$2,088,000

TAXES
$27,056.00 (2021)

NOI
$130,500 (on a new five-year term)

BUILDING DETAILS
• Approx 1,440 SF of office on main level consisting of 3 offices, washroom, storage room, open showroom and reception. Additional 560 sqft of parts area on main level with mezzanine with one office and open parts storage
• Warehouse footprint approx 10,400 SF (130’ W x 80’ D) with clear height ranging from approx 17’7” to 18’5” under the truss
• (4) 14’ W x 16’ H OH doors
• 600 V, 3-phase power

LAND DETAILS
• Paved parking
• Compacted graveled and fenced compound

ZONING
IH (Heavy Industrial)

LEGAL DESCRIPTION
Parcel 118984461

POSSESSION
Immediate