80 SECOND Avenue, Simcoe, Ontario N3Y2P3 is For Sale and has a listing price of 3,850,000. The property is located in the Simcoe neighbourhood. It's been on the website for 37 Days.
Discover an exceptional investment opportunity featuring a single, national, triple net tenant with this expansive warehouse property. With approximately 62,000 square feet of versatile space situated on approximately 3 acres, this property is designated under the Official Plan as Urban Residential, making it an ideal candidate for future development. The tenant currently occupies the entire building and has recently signed a new lease with robust annual escalations and favorable renewal provisions, ensuring a stable income stream. The property offers a remarkable return on investment with a cap rate just under 8% and annual escalation’s through 2028. Ideally situated in a prime locale near the intersection of Queensway and Norfolk in downtown Simcoe, this property provides convenient access and ample on-site parking. Don’t miss out on this top-notch industrial opportunity. (id:43137)
| List Date | MLS ID | List Price | Status | End Date | Closed Price |
|---|---|---|---|---|---|
| 08/15/2024 | 40630305 | $3,850,000 | For Sale | - | - |
| 08/15/2024 | 40631380 | $3,850,000 | For Sale | - | - |
| 08/14/2024 | 40627114 | $5 | For Rent | - | - |
| 05/13/2024 | 40586958 | $5 | For Rent | - | - |
| 01/25/2024 | 40532278 | $3,850,000 | For Sale | - | - |
| 05/05/2023 | 40415473 | $5 | For Rent | - | - |