80 SECOND AVENUE W, Norfolk , Ontario
$3,850,000
- 62,000 Square Feet
Discover an exceptional investment opportunity featuring a single, national, triple net tenant with this expansive warehouse property. With approximately 62,000 square feet of versatile space situated on approximately 3 acres, this property is designated under the Official Plan as Urban Residential, making it an ideal candidate for future development. The tenant currently occupies the entire building and has recently signed a new lease with robust annual escalations and favorable renewal provisions, ensuring a stable income stream. The property offers a remarkable return on investment with a cap rate just under 8% and annual escalation's through 2028. Ideally situated in a prime locale near the intersection of Queensway and Norfolk in downtown Simcoe, this property provides convenient access and ample on-site parking. Dont miss out on this top-notch industrial opportunity. (id:23309)
- Listing ID: X9255783
- Property Type: Industrial
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 80 SECOND AVENUE W in Norfolk Ontario. It was last modified on August 15th, 2024. Contact Scott Brubacher to schedule a viewing or to discover other Norfolk real estate for sale.