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Chelsea Mann

[email protected] +1(250) 852-0977

$ 2,900,000

Est. payment -/mo

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Active

1001 Burns ST East #3 & 4 Whitby (whitby Industrial), ON L1N6A6

2 Baths

13,575 SqFt

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 13,575 sqft

Price per Sqft $213

Subdivision Whitby Industrial

MLS® Listing ID E9386986

Originating Board Toronto Regional Real Estate Board

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. (id:24570)

Location

Province ON

Interior

Heating Forced air

Cooling Partially air conditioned

Exterior

Garage No

Waterfront No

View Y/N No

Private Pool No

Listed by COLDWELL BANKER - R.M.R. REAL ESTATE

Chelsea Mann

Advisor | License ID: 2196

+1(250) 852-0977

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