688 45 Road

Description

This is a great investment opportunity with a strong global operations tenant in place. Cap rate for this property is 6.6%. Tenant is responsible for all utilities along with portion of repairs & maintenance and insurance. Lease has 3% annual escalation clause with option to renew for another two year term. Beautifully well-maintained commercial property with two story 9,780heated square feet on 5.71 acres. The property includes automatic security fencing that surrounds the entire property. There is plenty of power to the property with three phase @ 225, three phase @ 480, and three phase @ 225. Previous owner used welders onsite. The lower level has a breakroom, IT room, office, and two shared men/women’s restrooms. The second level contains two offices and a conference room. The warehouse includes six 14’ automatic overhead doors of which four are drive thru. Each bay door has air lines installed and ready for use. One section of the drive thru bay doors includes a vehicle service pit along with oil pumping equipment to easily service vehicles in house. The warehouse also includes a storage closet, bathroom with two showers and double sinks, and heating and cooling.