140 Elizabeth Street Lambton Shores, Ontario N0M 2N0
$2,579,000
100% fully leased 50,000 sq warehouse/industrial property, with great triple net income! New 5-year NNN lease with international company. 9.5% cap rate on 5-year average net income! Carefree, hands off investment income. Property has been fully renovated with 3 warehouse buildings plus a new separate home office, all totaling 50,000 sq of leased space. Property sits on 5 acre lot with approx 4 acres of gravel storage yard. Ceiling heights from 17 feet 20 feet high. 12 new large overhead doors with auto openers. Drive-in and truck loading doors. New bright, high-bay LED lights throughout warehouse areas. 5 new gas furnaces. New 3 phase, 600-volt, 200 amp electrical. Excellent central location in heart of Southwestern Ontario, only 40 min to U.S. boarder at Sarnia. Halfway between London + Sarnia, 15 mins to hwy 402. (id:60234)
Business
| Business Type | Industrial |
| Business Sub Type | Warehouse |
Property Details
| MLS® Number | X9348765 |
| Property Type | Industrial |
| Community Name | Thedford |
Building
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Size Exterior | 50001 Sqft |
| Size Interior | 50,001 Ft2 |
| Type | Warehouse |
| Utility Water | Municipal Water |
Parking
| Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 559 Ft |
| Size Frontage | 544 Ft |
| Size Irregular | Bldg=544 X 559 Ft |
| Size Total Text | Bldg=544 X 559 Ft |
| Zoning Description | M1 Industrial |
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June 03 2025 05:24:08
London and St. Thomas Association of REALTORS®
Streetcity Realty Inc.