68 Spruce Street, Tillsonburg, ON

The JLL Private Capital Group (“JLL”) is pleased to offer for sale a 100% freehold interest in 68 Spruce Street, Tillsonburg ON (the “Property” or the “Site”), a 24,863 square foot (“sf”) industrial facility on a 1.5-acre lot. Located in Tillsonburg, a town 50 kilometres southeast of London, the Property is equipped with two (2) shipping doors, two (2) heavy-duty cranes, and 16 foot clear heights.

Upon closing of the transaction, the current owner, J/E Bearing & Machine who has occupied the premises since 1988, will enter a five (5) year leaseback of the grounds and building. The leaseback is proposed to begin at a market net rental rate of $8.50 per square foot (“psf”) with built-in escalations and an additional five (5) year renewal option.