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Tillsonburg,ON N4G 5V3
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 24,863 sqft
Price per Sqft $117
MLS Listing ID X10440651
Annual Tax Amount $29,800
Tax Year 2023
Property Description
24,863 SF industrial facility on a 1.5-acre lot. Located in Tillsonburg, a town 50 KM's southeast of London, the Property is equipped with 2 shipping doors, two heavy-duty cranes, and 16 foot clear heights. Upon closing, the owner, J/E Bearing & Machine who has occupied the premises since 1988, will enter into a 5-year leaseback of the grounds and building. The leaseback is proposed to begin at a net rental rate of $8.50 psf with built-in escalations and an additional 5-year renewal option.
Location
Province ON
County Oxford
Area Oxford
Zoning MG
Interior
Cooling Yes
Exterior
Community Features Major Highway
Utilities Available Yes
Others
Security Features Yes