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675 York Street London, Ontario N5W 2S6

36389 sqft
Acreage

$4,500,000

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:20872)

Property Details

MLS® Number X8382380
Property Type Business
Community Name East L
AmenitiesNearBy Public Transit, Hospital

Building

BasementType Partial
ExteriorFinish Concrete, Steel
FireProtection Alarm System, Security System
FoundationType Poured Concrete
SizeInterior 36389 Sqft
UtilityWater Municipal Water

Land

Acreage Yes
FenceType Fenced Yard
LandAmenities Public Transit, Hospital
Sewer Sanitary Sewer
SizeFrontage 480 Ft
SizeIrregular Unit=480 Acre ; 225.91 Ft X 9.69 Ft X 480.28 Ft X 154.08 Ft X 102.
SizeTotalText Unit=480 Acre ; 225.91 Ft X 9.69 Ft X 480.28 Ft X 154.08 Ft X 102.|2 - 4.99 Acres
ZoningDescription Rsc2 Rsc4(26) Rsc5

https://www.realtor.ca/real-estate/26959286/675-york-street-london-east-l

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