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$ 1,400,000
Est. payment | /mo
$ 1,400,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID X10874942
Annual Tax Amount $21,123
Tax Year 2024
Property Description
This single tenant insurance investment opportunity is a premium quality medical facility in the core area with high-end medical-office-building standard finishes throughout. The 3,800 SF single-storey building was stripped to the exterior shell and totally re-built in 2022-2023 with a renovation cost of approximately $1,760,000. Renovations included new HVAC system with individual temperature settings per room, multiple staff & patron washrooms, key fob alarm system on all doors throughout the facility, commercial grade vinyl flooring, 400 Amp electrical, fenced asphalt paved parking at the front of the building for 8 vehicles and LED light poles. RSC zoning allows a wide variety of service commercial uses in addition to the current medical use. The investment is secured by a 10 year fully Net Lease expiring in 2031 with 2 x5 year renewal options.
Location
Province ON
County Middlesex
Community East K
Area Middlesex
Zoning Rsc2 RSC4 (28) H224
Region East K
City Region East K
Interior
Cooling Yes
Exterior
Community Features Public Transit
Utilities Available Yes
Lot Frontage 60.45
Lot Depth 156.4
Others
Security Features No
Listed by CBRE LIMITED
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