675 York Street London, Ontario N5W 2S6
$4,500,000
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. (id:47351)
Property Details
| MLS® Number | 40586879 |
| Property Type | Industrial |
| Amenities Near By | Hospital, Public Transit |
| Communication Type | High Speed Internet |
| Community Features | High Traffic Area |
| Features | Visual Exposure, Paved Driveway |
| Sign Type | None |
Building
| Basement Type | Partial |
| Construction Material | Concrete Block, Concrete Walls |
| Exterior Finish | Brick, Concrete, Metal |
| Fire Protection | Alarm System, Security System, Unknown |
| Foundation Type | Poured Concrete |
| Stories Total | 2 |
| Size Exterior | 36389.0000 |
| Size Interior | 36389 |
| Utility Water | Municipal Water |
Land
| Access Type | Highway Access |
| Acreage | Yes |
| Fence Type | Fenced Yard |
| Land Amenities | Hospital, Public Transit |
| Sewer | Municipal Sewage System |
| Size Frontage | 480 Ft |
| Size Irregular | 2.004 |
| Size Total | 2.004 Ac|2 - 4.99 Acres |
| Size Total Text | 2.004 Ac|2 - 4.99 Acres |
| Zoning Description | Rsc2 Rsc4(26) Rsc5 |
Utilities
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/26876871/675-york-street-london
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
May 10 2024 04:01:07
London and St. Thomas Association of REALTORS®
Prime Real Estate Brokerage