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Team Realty

1368 GREELY LANE

Greely, Ontario K4P1A1

$1,600,000

ID# 1312393
INVESTORS ALERT! Great opportunity to own a building in Greely Industrial park that is currently tenanted for the next 5 years. 3000Sqft building with over 13000 SQFT of yard space completely fenced for security. The building has approximately 1600sqft of warehouse space with commercial garage door. The remaining 1400sqft is equipped with offices, boardroom. Upstairs loft area great for storage. The building with tenant is offering a 4.7% Cap rate in the first year. May of every year for the next 5 years the rent escalates. 2023 = 5% cap rate. 2024 = 5.2% cap rate. 2025 = 5.5% cap rate. 2026 = 5.8% cap rate. The Lease currently signed for 5 years is to the advantage of the landlord. The Tenant pays for all utilities, maintenance, repairs etc. Landlord is responsible for building insurance and property tax only. Don't miss out! (id:25961)
Courtesy of AVENUE NORTH REALTY INC.

Listed on: September 10, 2022

On market: 25 days
Bathroom Total 0
Half Bathrooms Total 0
Year Built 2002
Heating Fuel Natural gas