1001 Burns Street Image 1

$2,900,000

Oct 8, 2024Industrial For Sale
bedroomsbed
washrooms0bath
MLS - #E9386986

1001 Burns Street, Whitby, ON L1N 6A6

0
Similar Homes Found
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Average Price
290000000.0%
Higher than average

Price Comparison

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Property Description

Property type

Industrial

Lot size

N/A

Style

Approx. Area

N/A

About 1001 Burns Street

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.

Home Overview

Last updated

3 days ago

Virtual tour

None

Basement information

Building size

13575

Status

In-Active

Property sub type

Industrial

Maintenance fee

$N/A

Year built

--

Listed by RE/MAX MILLENIUM REAL ESTATE, Brokerage

Additional Details

Basement:N/A
Cooling:Partial
Heating:Gas Forced Air Closed
Parking Features:N/A

MORTGAGE INFO

ESTIMATED PAYMENT

Principal and InterestProperty Taxes$11076.03/ month
$2,320,000 Principal and Interest
$2,784,000 Property Taxes

Location

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Walk Score for 1001 Burns Street

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