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$ 2,900,000
Est. payment | /mo
2 Baths
13,575 SqFt
$ 2,900,000
Est. payment | /mo
2 Baths
13,575 SqFt
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 13,575 sqft
Price per Sqft $213
Subdivision Whitby Industrial
MLS Listing ID E9386986
Condo Fees $3,287
Annual Tax Amount $43,662
Tax Year 2024
Property Sub-Type Industrial
Property Description
Highly attractive Industrial/Service Retail location with National tenant in place being offered at a very attractive $221 PSF. This offering is for units 3 & 4, totaling 13,575 SF. Current rents are well below market rates. Well-maintained space, new single-ply membrane roof 2022. Heavy power. Upgraded T8 lighting. Excellent proximity to two interchanges to Hwy 401. M1A zone offers broad range of uses. Fair shipping accommodation. Healthy condo reserve. 18' ceiling heights in warehouse. Common parking. This property is located in a high-growth area, and with the scarcity of industrial space in Whitby, the strong potential for future appreciation and income growth this offering is a strategic opportunity to invest in a market with robust fundamentals and promising long-term prospects. **EXTRAS** Current lease term expiring July 2028 paying $88,237.56 Net, with fixed 5 year option following expiry at $101,812.56 Net, and second 5 year option at fair market rates.
Location
Province ON
County Durham
Community Whitby Industrial
Area Durham
Interior
Cooling Partial
Exterior
Utilities Available Yes
Lot Frontage 110.0
Lot Depth 123.0
Others
Security Features Yes
Listed by COLDWELL BANKER - R.M.R. REAL ESTATE
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