ON > Strathroy-caradoc > Se
Strathroy-caradoc, ON N7G 4L9,1 Firestone RD
Strathroy-caradoc, ON N7G 4L9,1 Firestone RD
Strathroy-caradoc, ON N7G 4L9,1 Firestone RD
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$10,499,000
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93,981 SqFt
Active

1 Firestone RD Strathroy-caradoc, ON N7G 4L9

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Kenneth Yim

Kenneth Yim

+1(416) 651-5653

UPDATED:

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 93,981 sqft

Price per Sqft $111

Subdivision Se

MLS Listing ID X12133154

Annual Tax Amount $33,343

Tax Year 2024

Property Sub-Type Industrial

Lot Depth 1486.47

Lot Front 401.0

Property Description

Rare fully occupied investment opportunity offering approximately 7% cap rate currently with upside as high as 9% within four years due to escalations and lease renewals. High-quality roster of tenants who plan to stay long-term. Flexible zoning allows outside storage and property sits on 12.2 total acres with approximately 4 acres of unutilized excess land for future development potential to add additional units or for outside storage usage. Extensively upgraded building with new LED lighting, new exterior and interior metal cladding, new electrical wiring, and other work too extensive to list - $2.2 million spent on upgrades over last 8 years. Great building specs with 20 ft clear height in 80% of the building and 16 ft clear height in 20% of the building, and abundant dock-level and drive-in shipping doors.

Location

Province ON

County Middlesex

Community Se

Area Middlesex

Interior

Cooling Partial

Exterior

Utilities Available Yes

Lot Frontage 401.0

Lot Depth 1486.47

Others

Security Features Yes

Listed by LENNARD COMMERCIAL REALTY

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agent

Kenneth Yim

Broker of Record | License ID: 9524831

+1(416) 651-5653

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