68 Spruce Street Image 1

$2,920,000

Nov 21, 2024Industrial For Sale
bedroomsbed
washrooms0bath
MLS - #X10440651

68 Spruce Street, Tillsonburg, ON N4G 5V3

0
Similar Homes Found
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Average Price
292000000.0%
Higher than average

Price Comparison

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Property Description

Property type

Industrial

Lot size

N/A

Style

Approx. Area

N/A

About 68 Spruce Street

24,863 SF industrial facility on a 1.5-acre lot. Located in Tillsonburg, a town 50 KM's southeast of London, the Property is equipped with 2 shipping doors, two heavy-duty cranes, and 16 foot clear heights. Upon closing, the owner, J/E Bearing & Machine who has occupied the premises since 1988, will enter into a 5-year leaseback of the grounds and building. The leaseback is proposed to begin at a net rental rate of $8.50 psf with built-in escalations and an additional 5-year renewal option. **EXTRAS** Buyers to confirm all information independently. At least 48 hours advance notice required for tours.

Home Overview

Last updated

6 days ago

Virtual tour

None

Basement information

Building size

24863

Status

In-Active

Property sub type

Industrial

Maintenance fee

$N/A

Year built

--

Listed by JONES LANG LASALLE REAL ESTATE SERVICES, INC.

Additional Details

Basement:N/A
Cooling:Yes
Heating:Gas Forced Air Open
Parking Features:N/A

MORTGAGE INFO

ESTIMATED PAYMENT

Principal and InterestProperty Taxes$11152.42/ month
$2,336,000 Principal and Interest
$2,803,200 Property Taxes

Location

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Walk Score for 68 Spruce Street

Some information about this property - Spruce Street

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