Unit 3 & 4 1001 Burns Street E Whitby ON L1N 6A6
$ 2,900,000
|    2   |    13575 Sq Feet

Listing ID

#E9386986

Property Type

Industrial

County

Durham

Neighborhood

Whitby Industrial

Days on website

183

Description
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.
Location
Financial Information
List Price:  $ 2900000
Taxes:  $ 43662
Property Features
Air Conditioning:  Partial
Garage Type:  Outside/Surface
Heat Type:  Gas Forced Air Closed
Lease:  For Sale
Sewers:  Sanitary+Storm
Sprinklers:  Yes
Utilities:  Yes
Listed By:     RE/MAX MILLENNIUM REAL ESTATE