$2,900,000
Available - For Sale
Listing ID: E9386986
1001 Burns Street East , Whitby, L1N 6A6, Durham
| Highly attractive Industrial/Service Retail location with National tenant in place being offered at a very attractive $221 PSF. This offering is for units 3 & 4, totaling 13,575 SF. Current rents are well below market rates. Well-maintained space, new single-ply membrane roof 2022. Heavy power. Upgraded T8 lighting. Excellent proximity to two interchanges to Hwy 401. M1A zone offers broad range of uses. Fair shipping accommodation. Healthy condo reserve. 18' ceiling heights in warehouse. Common parking. This property is located in a high-growth area, and with the scarcity of industrial space in Whitby, the strong potential for future appreciation and income growth this offering is a strategic opportunity to invest in a market with robust fundamentals and promising long-term prospects. **EXTRAS** Current lease term expiring July 2028 paying $88,237.56 Net, with fixed 5 year option following expiry at $101,812.56 Net, and second 5 year option at fair market rates. |
| Price | $2,900,000 |
| Taxes: | $43662.22 |
| Tax Type: | Annual |
| Monthly Condo Fee: | $3287 |
| Occupancy: | Tenant |
| Address: | 1001 Burns Street East , Whitby, L1N 6A6, Durham |
| Postal Code: | L1N 6A6 |
| Province/State: | Durham |
| Legal Description: | Durham Condo Plan 119 Level 1 Unit 4 and |
| Lot Size: | 110.00 x 123.00 (Feet) |
| Directions/Cross Streets: | Burns St E/Garden St. |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Industrial Condo |
| Use: | Warehouse |
| Building Percentage: | F |
| Total Area: | 13575.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 5 |
| Office/Appartment Area Code: | % |
| Industrial Area: | 80 |
| Office/Appartment Area Code: | % |
| Retail Area: | 15 |
| Retail Area Code: | % |
| Financial Statement: | F |
| Chattels: | F |
| Franchise: | F |
| Days Open: | V |
| Employees #: | 0 |
| Seats: | 0 |
| LLBO: | N |
| Sprinklers: | Yes |
| Washrooms: | 2 |
| Outside Storage: | F |
| Rail: | N |
| Crane: | F |
| Soil Test: | No |
| Clear Height Feet: | 18 |
| Truck Level Shipping Doors #: | 4 |
| Double Man Shipping Doors #: | 0 |
| Drive-In Level Shipping Doors #: | 2 |
| Grade Level Shipping Doors #: | 0 |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | Partial |
| Sewers: | Sanitary+Storm |
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| RE/MAX MILLENIUM REAL ESTATE, Brokerage |
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At a Glance:
| Type: | Com - Industrial |
| Area: | Durham |
| Municipality: | Whitby |
| Neighbourhood: | Whitby Industrial |
| Lot Size: | 110.00 x 123.00(Feet) |
| Tax: | $43,662.22 |
| Baths: | 2 |
| Fireplace: | N |
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