140 ELIZABETH Street, Lambton Shores, ON Image 1

$2,579,000

$2,950,000
12.6% dropped

Last price change Jun 3

Industrial For Sale
MLS - #X9348765
Jun 3- By STREETCITY REALTY INC.

140 ELIZABETH Street, Lambton Shores, ON N0M 2N0

Bed
Bath
50001 Sqft.
In/Out Garage

Property Description

Property type

Industrial

Lot size

N/A

Style

Approx. Area

50001 Sqft

About 140 ELIZABETH Street

100% fully leased 50,000 sq warehouse/industrial property, with great triple net income! New 5-year NNN lease with international company. 9.5% cap rate on 5-year average net income! Carefree, hands off investment income. Property has been fully renovated with 3 warehouse buildings plus a new separate home office, all totaling 50,000 sq of leased space. Property sits on 5 acre lot with approx 4 acres of gravel storage yard. Ceiling heights from 17 feet 20 feet high. 12 new large overhead doors with auto openers. Drive-in and truck loading doors. New bright, high-bay LED lights throughout warehouse areas. 5 new gas furnaces. New 3 phase, 600-volt, 200 amp electrical. Excellent central location in heart of Southwestern Ontario, only 40 min to U.S. boarder at Sarnia. Halfway between London + Sarnia, 15 mins to hwy 402.

Home Overview

Last updated

Jun 3

Virtual tour

None

Basement information

Building size

50001

Status

In-Active

Property sub type

Industrial

Maintenance fee

$N/A

Year built

2023

Additional Details

Basement:N/A
Cooling:No
Heating:Gas Forced Air Open
Parking Features:N/A
0
Similar Homes Found
$0
Average Price
257900000.0%
Higher than average

Price Comparison

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Walk Score for 140 ELIZABETH Street

Sales Representative

Angela Yang

Sales Representative, ANCHOR NEW HOMES INC.

English, Mandarin
Residential ResaleProperty ManagementPre Construction

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