3 & 4 - 1001 BURNS STREET E

Whitby (Whitby Industrial), Ontario, L1N6A6, Canada

$2,900,000

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.

Last updated on : Wednesday 16th of October 2024 11:39:08 AM

ADDRESS

Street : 3 & 4 - 1001 BURNS STREET E

City : Whitby (Whitby Industrial)

Province : Ontario

Country : Canada

Postal Code : L1N6A6

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PROPERTY SUMMARY

Property ID : E9386986

Building Type : Warehouse

Property Type : Industrial

Bathrooms : 2

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