Here is an industrial building with a great holding income and redevelopment potential , existing building below the construction cost , looking for a new owner .
135,424 SF Existing building , 100% Leased Industrial Building St Catharines, ON $13,900,000 CAD ($103 CAD/SF)
- Building size: 134,424sq.ft
- Land: 6.77ac ( $2 Million ish per Acre)
- Address: St. Catherines
- Price: $13,900,000.00 ($103 /sqf) , (Below Re-construction Cost$$$$$)
- Lease: NNN @ $957,863.00 with escalations (leases have demolition clauses).
- CAP: 6.8 % CASH FLOW FROM THE DAY 1
- Clear Ceiling Height 26 ft
- No. Dock-High Doors/Loading 10
- No. Drive In / Grade-Level Doors 6
- Zoning: R4 (High-density residential)
- Due diligence: May 18, 2023
- Closing: 45 days after waiver
- Deposits: $150,000.00 (provided)
$250,000.00 (due on waiver)
If you are interested to sign our BRA and CA let me know?
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