1 Firestone Road Strathroy-Caradoc (Se), Ontario N7G 4L9
$10,499,000
Rare fully occupied investment opportunity offering approximately 7% cap rate currently with upside as high as 9% within four years due to escalations and lease renewals. High-quality roster of tenants who plan to stay long-term. Flexible zoning allows outside storage and property sits on 12.2 total acres with approximately 4 acres of unutilized excess land for future development potential to add additional units or for outside storage usage. Extensively upgraded building with new LED lighting, new exterior and interior metal cladding, new electrical wiring, and other work too extensive to list - $2.2 million spent on upgrades over last 8 years. Great building specs with 20 ft clear height in 80% of the building and 16 ft clear height in 20% of the building, and abundant dock-level and drive-in shipping doors. (id:55499)
Property Details
| MLS® Number | X12133154 |
| Property Type | Industrial |
| Community Name | SE |
Building
| Cooling Type | Partially Air Conditioned |
| Heating Type | Radiant Heat |
| Size Exterior | 93981 Sqft |
| Size Interior | 93981 Sqft |
| Type | Multi-tenant Industrial |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 1486 Ft ,5 In |
| Size Frontage | 401 Ft |
| Size Irregular | Bldg=401 X 1486.47 Ft |
| Size Total Text | Bldg=401 X 1486.47 Ft |
| Zoning Description | M2 |
https://www.realtor.ca/real-estate/28279917/1-firestone-road-strathroy-caradoc-se-se
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May 08 2025 03:09:47
Toronto Real Estate Board
Lennard Commercial Realty, Platinum Key Realty Inc.