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Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision 221 - Marineland
MLS Listing ID X12679742
Annual Tax Amount $124,000
Tax Year 2025
Property Sub-Type Industrial
Property Description
Existing Tenant occupies 73,005 sq ft approximately at net $10.75 sq ft, generating $784,803 net annually, there is another 51,000 sq ft available for lease at $12.00 net with the potential of earning another $600,000 net for a potential total of $1,375,000 approximately pushing the cap rate to 8%. In addition to the great cap rate there is another 3 surplus acres to expand (50,000sq ft +) on if needed. There is additional 10 acres (serviced) available to purchase at $3,500,000 adjacent to the existing site. Both sites are environmentally clean.
Location
Province ON
County Niagara
Area Niagara
Zoning Industrial
Interior
Cooling Partial
Exterior
Community Features Greenbelt/Conservation, Major Highway
Utilities Available Yes
Lot Frontage 500.0
Lot Depth 947.0
Building
Building Age 31-50
Others
Security Features Yes
ParcelsYN No
Listed by CBRE LIMITED
Nearby Locations
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