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1 FIRESTONE ROAD, Strathroy-Caradoc, Ontario

$10,499,000

93,981 Square Feet

Rare fully occupied investment opportunity offering approximately 7% cap rate currently with upside as high as 9% within four years due to escalations and lease renewals. High-quality roster of tenants who plan to stay long-term. Flexible zoning allows outside storage and property sits on 12.2 total acres with approximately 4 acres of unutilized excess land for future development potential to add additional units or for outside storage usage. Extensively upgraded building with new LED lighting, new exterior and interior metal cladding, new electrical wiring, and other work too extensive to list - $2.2 million spent on upgrades over last 8 years. Great building specs with 20 ft clear height in 80% of the building and 16 ft clear height in 20% of the building, and abundant dock-level and drive-in shipping doors. (id:23309)

Listing ID: X12133154
Property Type: Industrial

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Details

Transaction: For sale
Zoning Description: M2

Building

Cooling: Partially air conditioned
Fireplace Present: False
Heating: Radiant heat
Size Exterior: 93981 sqft
Size Interior: 93981 sqft
Type: Multi-Tenant Industrial
Utility Water: Municipal water

Land

Size Frontage: 401 ft
Size Irregular: Bldg=401 x 1486.47 FT

Listing provided by LENNARD COMMERCIAL REALTY
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 1 FIRESTONE ROAD in Strathroy-Caradoc Ontario. It was last modified on May 8th, 2025. Contact the Bird House Real Estate Team to schedule a viewing or to discover other Strathroy-Caradoc real estate for sale.

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