1368 GREELY LANE

Property ID: 1312393

1368 GREELY LANE

1368 GREELY LANE

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  • beds
  • bath0
  • garage15

Description

INVESTORS ALERT! Great opportunity to own a building in Greely Industrial park that is currently tenanted for the next 5 years. 3000Sqft building with over 13000 SQFT of yard space completely fenced for security. The building has approximately 1600sqft of warehouse space with commercial garage door. The remaining 1400sqft is equipped with offices, boardroom. Upstairs loft area great for storage. The building with tenant is offering a 4.7% Cap rate in the first year. May of every year for the next 5 years the rent escalates. 2023 = 5% cap rate. 2024 = 5.2% cap rate. 2025 = 5.5% cap rate. 2026 = 5.8% cap rate. The Lease currently signed for 5 years is to the advantage of the landlord. The Tenant pays for all utilities, maintenance, repairs etc. Landlord is responsible for building insurance and property tax only. Don’t miss out! (id:21126)

Property Location

Data Provided by REALTORS® Association of Canadian Real Estate

Last Modified: Fri, 11 Nov 2022 02:11:24 GMT

MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association

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