$123.66 Per Sq Foot $24,157 est/mo Sourced by Back At You

675 York Street,London, ON N5W 2S6

London ON, N5W 2S6

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Description

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

Details

MLS#40586879
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site20
Listing Provided ByPRIME REAL ESTATE BROKERAGE | Justin Konikow

Features

SQ Feet36,389
BasementY
Story(s)2
ZoningRSC2 RSC4(26) RSC5
Acreage2.00
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 3 minutes ago
ProvinceON
CountyMiddlesex
CityLondon
Postal CodeN5W 2S6
AreaEast
SubareaEast L
Community NameEast L
Listing VS Median (in East L)
Price:
$4,500,000
low | high
Med:
$499,900
100% of Average
SqFt:
36,389
low | high
Med:
1,800
100% of Average
$ / SqFt:
$124
low | high
Med:
$278
74.578532098765% of Average
On Site:
20
low | high
Med:
52.000000
38.461538461538% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 7:07:21 PM PDT