1368 Greely Lane Greely, Ontario K4P 1A1
$1,250,000
Investment Opportunity. This 3000 Square foot building features a large warehouse area as well as a large office area. Building has a fenced in rear compound. Currently is tenanted by a large structural company for the next 4 years on an escalating yearly lease. The current lease income is a 6.3% Cap rate and leaves the property after mortgage payment well into the green. The Lease escalates every June. In 2024 cap rate will be - 6.7% Cap. 2025 - 7.1% Cap. 2026 - 7.5% cap rate. This is extremely strong cap rates for commercial property. The landlord expenses on this property are only Property Taxes and Building Insurance. Tenant responsible for all other expenses. Take this opportunity to invest your money and make a very ample amount over the next 4 years. Property is tenanted so 24 hours notice is required for viewings. (id:37684)
Business
| Business Type | Industrial |
| Business Sub Type | Light industrial |
Property Details
| MLS® Number | 1347864 |
| Property Type | Industrial |
| Neigbourhood | Greely |
| Parking Space Total | 15 |
Building
| Constructed Date | 2002 |
| Heating Fuel | Natural Gas |
Land
| Acreage | No |
| Size Depth | 229 Ft ,8 In |
| Size Frontage | 100 Ft ,1 In |
| Size Irregular | 100.07 Ft X 229.66 Ft |
| Size Total Text | 100.07 Ft X 229.66 Ft |
| Zoning Description | Commercial |
https://www.realtor.ca/real-estate/25731773/1368-greely-lane-greely-greely
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June 19 2023 06:11:06
Ottawa Real Estate Board
Avenue North Realty Inc.
