1650 Comstock Road
1650 Comstock Road, Ottawa, ON, K1B 3W8, CA
5,599 sm
Jones Lang LaSalle Real Estate Services, Inc. (“JLL” and/or the “Advisor”), is pleased to offer for sale a 100% freehold interest in 866 Langs Drive, Cambridge, Ontario (the “Property” or “Offering”). The Property is a single-tenant industrial building, totalling 155,528 square feet (“sf”), on an 8.0-acre lot located just two kilometers from the Highway 401 and Hespeler Road interchange. Strategically positioned within an established industrial park in the City of Cambridge, the Property is located just minutes from its downtown and approximately two kilometers from the Cambridge Centre shopping mall. The Property represents a prime opportunity to acquire an industrial investment property in a well-amenitized and highly connected commercial node in one of the fastest growing regions of Canada.
The Property is currently fully leased to Kromet International (“Kromet” or the “Tenant”), a privately-held company and leading provider of premium aluminum extrusion, anodizing and other services, for a remaining lease term of 4.0 years with in-place contractual rents at 42% below-market levels, offering investors exceptional value enhancement opportunities in the near term.