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$ 2,920,000
Est. payment | /mo
24,863 SqFt
$ 2,920,000
Est. payment | /mo
24,863 SqFt
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
Listed by JONES LANG LASALLE REAL ESTATE SERVICES, INC.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
7885 Tranmere Dr Unit 1, Mississauga, Ontario, L5S1V8, CAN