Nest Seekers

Solid Secure Investment. Net leased industrial building with a substantial infrastructure investment in the building.

604 Mcgeachie Drive
Milton L9T 3Y5
Canada

Listing

Web ID:5853968
Website:https://www.nestseekers.com/5853968

Property

Ownership: For Sale
Type: Unknown

Financials

Price:C12,750,000
($8,943,400)
(€8,080,200)
Annual Taxes:C56,203

Description

Solid/ Secure Investment. Net leased industrial building with a substantial infrastructure investment in the building. Nearing end of 4th year in 5 year lease. 5 year Renewal option in place. Rates to be negotiated. Tenant is Axalta Coating Systems. They are a Premier Global manufacturer of automotive refinishing and repair products. Headquartered in Philadelphia with 2025 sales of 5.1 billion US. Numerous internal improvements in building to permit manufacture and distribution of industrial automotive coatings. M-2 zoning,1200 amp 600 volt electrical system.Tank farm at rear of building.Roof updated 2024 . This is a key manufacturing plant in their worldwide operations. Replacement cost of buildings far greater than List price. Proximity to 400 series highways and experienced labor pool difficult to replace.Vendor would like building to be sold with 624 McGeachie. Same Tenant and use.

Contact

Simcoe County, Ontario
Angelo Ferlisi
9 Queen Street Unit 7, Cookstown, Ontario
Phone: +1 905-851-9099
onadmin@nestseekers.com
​
Nest Seekers Logo
Loading...