$2,950,000
Available - For Sale
Listing ID: X9348765
140 ELIZABETH Street , Lambton Shores, N0M 2N0, Lambton
| 100% fully leased 50,000 sq warehouse/industrial property, with great triple net income! New 5-year NNN lease with international company. 8.3% 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. |
| Price | $2,950,000 |
| Taxes: | $6602.87 |
| Tax Type: | Annual |
| Assessment Year: | 2023 |
| Occupancy: | Vacant |
| Address: | 140 ELIZABETH Street , Lambton Shores, N0M 2N0, Lambton |
| Postal Code: | N0M 2N0 |
| Province/State: | Lambton |
| Legal Description: | PT LT 20-21 CONC3 AND PT LT 21 CONC 3, P |
| Directions/Cross Streets: | PEARL ST. TURN RIGHT ON ALLEN |
| 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: | Free Standing |
| Use: | Warehouse |
| Building Percentage: | T |
| Total Area: | 50001.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 2000 |
| Office/Appartment Area Code: | Sq Ft |
| Office/Appartment Area Code: | Sq Ft |
| Sprinklers: | No |
| Washrooms: | 0 |
| Outside Storage: | T |
| Rail: | N |
| Clear Height Feet: | 17 |
| Truck Level Shipping Doors #: | 3 |
| Double Man Shipping Doors #: | 6 |
| Drive-In Level Shipping Doors #: | 8 |
| Grade Level Shipping Doors #: | 10 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | No |
| Sewers: | Sanitary |
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| STREETCITY REALTY INC. |
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At a Glance:
| Type: | Com - Industrial |
| Area: | Lambton |
| Municipality: | Lambton Shores |
| Neighbourhood: | Thedford |
| Tax: | $6,602.87 |
| Garage: | 4 |
| Fireplace: | N |
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