24,863 SF industrial facility on a 1.5-acre lot. Located in Tillsonburg, a town 50 KM’s southeast of London, the Property is equipped with 2 shipping doors, two heavy-duty cranes, and 16 foot clear heights. Upon closing, the owner, J/E Bearing & Machine who has occupied the premises since 1988, will enter into a 5-year leaseback of the grounds and building. The leaseback is proposed to begin at a net rental rate of $8.50 psf with built-in escalations and an additional 5-year renewal option. **EXTRAS** Buyers to confirm all information independently. At least 48 hours advance notice required for tours.
Basic Details
Property Type : Industrial
Listing Type : For Sale
Listing ID : X10440651
Price : $2,920,000
Year Built : 0
Lot Area : 0 Sqft
Status : A
Days On Market : 88
Address
Postal Code : N4G 5V3
City : Tillsonburg
Street : Spruce
Street Number : 68
Street Suffix : St
Floor Number : 0
Longitude : W81° 17' 7''
Latitude : N42° 51' 5.2''
Features
Heating System :
Gas Forced Air Open
Brokerage
Office Name : JONES LANG LASALLE REAL ESTATE SERVICES, INC.
