Matthew Tenk
Broker of Record
3 & 4 - 1001 Burns Street E Whitby (Whitby Industrial), Ontario L1N 6A6
$2,900,000
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:39551)
Business
| Business Type | Industrial |
| Business Sub Type | Warehouse |
Property Details
| MLS® Number | E9386986 |
| Property Type | Industrial |
| Community Name | Whitby Industrial |
Building
| Bathroom Total | 2 |
| Cooling Type | Partially Air Conditioned |
| Fireplace Present | No |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 13575 Sqft |
| Type | Warehouse |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 123 Ft |
| Size Frontage | 110 Ft |
| Size Irregular | Unit=110 X 123 Ft ; Irregular Size Unit |
| Size Total Text | Unit=110 X 123 Ft ; Irregular Size Unit |
| Zoning Description | M1a |
Interested?
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Toronto Real Estate Board
Coldwell Banker - R.m.r. Real Estate
October 16 2024 03:39:08
