1680 Midland Avenue, Unit 6

PRICE DECREASE with further potential to negotiate price. This owner-occupied industrial warehouse is being offered as a leaseback, generating an attractive cap rate and capital appreciation potential with a 10+5 triple net lease being offered to the purchaser. The current owners run a successful business at the location and are looking to free up capital for expansion. A true chance to set your own returns as an investor as the new lease will be negotiated directly with the current owners of the property. Well designed rectangular layout with front office/reception area with 2 washrooms. 7 exclusive parking spots and included with each unit. Minutes away from 401 On/Off Ramp with current zoning allowing for a variety of uses including automotive.

Property Type

Industrial

Style

Industrial Condo

Heating

Gas Forced Air Open

Cooling

No

Parking

7 spaces

Annual Taxes

$10,992 (2024)

MLS #

E12224300

Brokerage

KELLER WILLIAMS ADVANTAGE REALTY

Days on Market

345 days

Estimated payment. Does not include property tax, insurance, or condo fees.

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