Prime Real Estate is pleased to present 675 York Street, a 36,389 SF industrial investment or\r\nowner-occupier opportunity near downtown London. The Property sits on just over 2 acres with a 1+ acre\r\nfenced yard. RSC 2, 4(26), and 5, offer a broad range of permitted uses. 11,270 SF is occupied by a\r\nmajor telecom carrier providing bonus income through a Managed Services Agreement. With conservative\r\nassumptions, this property offers a going-in cap rate of 8.50%+. Recent upgrades include a new roof\r\nover part of the building, 2 industrial generators costing over $1M, completely upgraded building\r\ncontrols, and fire sprinklers/suppression. 25,119 SF and the fenced yard is vacant with the majority\r\nhaving an 18'6"" clear height. Full data room access is available upon the completion of a\r\nconfidentiality agreement. (id:4069)
| Address |
675 YORK STREET |
| List Price |
$4,500,000 |
| Property Type |
Business |
| Area |
Ontario |
| Sub-Area |
London |
| Floor Area |
36,389 Sq. Ft. |
| Lot Size |
Unit=480 Acre ; 225.91 ft x 9.69 ft x 480.28 ft x 154.08 ft x 102. Sq. Ft. |
| MLS® Number |
X8382380 |
| Listing Brokerage |
PRIME REAL ESTATE BROKERAGE
|
| Basement Area |
Partial |
| Postal Code |
N5W2S6 |
| Zoning |
RSC2 RSC4(26) RSC5 |
| Site Influences |
Public Transit, Hospital |
