1368 Greely Lane Greely, Ontario K4P 1A1
$1,499,998
INVESTORS ALERT! Great opportunity to own a building in Greely Industrial park that is currently tenanted for the next 5 years. 3000Sqft building with over 13000 SQFT of yard space completely fenced for security. The building has approximately 1600sqft of warehouse space with commercial garage door. The remaining 1400sqft is equipped with offices, boardroom. Upstairs loft area great for storage. The building with tenant is offering a 4.7% Cap rate in the first year. May of every year for the next 5 years the rent escalates. 2023 = 5% cap rate. 2024 = 5.2% cap rate. 2025 = 5.5% cap rate. 2026 = 5.8% cap rate. The Lease currently signed for 5 years is to the advantage of the landlord. The Tenant pays for all utilities, maintenance, repairs etc. Landlord is responsible for building insurance and property tax only. Don't miss out! (id:37553)
Business
| Business Type | Industrial |
| Business Sub Type | Light industrial |
Property Details
| MLS® Number | 1312393 |
| Property Type | Industrial |
| Neigbourhood | Greely |
| Parking Space Total | 15 |
Building
| Constructed Date | 2002 |
| Heating Fuel | Natural Gas |
Land
| Acreage | No |
| Size Depth | 229 Ft ,8 In |
| Size Frontage | 100 Ft ,1 In |
| Size Irregular | 100.07 Ft X 229.66 Ft |
| Size Total Text | 100.07 Ft X 229.66 Ft |
| Zoning Description | Commercial |
https://www.realtor.ca/real-estate/24858832/1368-greely-lane-greely-greely
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November 11 2022 02:11:24
Ottawa Real Estate Board
Avenue North Realty Inc.