125 Ferris Drive, North Bay, ON, P1B 8Z4, CA

125 Ferris Drive

Asset Description

Jones Lang LaSalle Real Estate Services, Inc. (“JLL”) is pleased to offer for sale a 100% freehold interest in 125 Ferris Drive (the "Property" or the "Site"), a 94,347-square foot (“sf”) industrial asset located in North Bay, ON. The Property is currently vacant, providing a value-add opportunity for investors or an immediate owner-occupier opportunity to acquire one of the few high-quality industrial assets of scale in the area.

Situated on 12.4 acres, west of Highway 11 and the Trans-Canada Highway in southern North Bay, the Property is equipped with six truck-level docks and two drive-in doors, 1,200 amps and 600 volts of power and includes ancillary office and lab space. The Site is zoned M2 (General Industrial), allowing for a wide range of uses including manufacturing, assembly, processing, warehousing and other treatment of goods, substances and items.

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Attributes

Building area net

94,347 sf

Land area gross

12.4 acres

Year built

2008

Number of loading docks

Grade level doors

Parking spaces

113

Zoning

Media

Investment Highlights

Value-add/User Opportunity: An immediate value-add opportunity to lease at market rents or the ability for users to reposition the asset for their own use.

Flexible Zoning: Zoning that permits a broad range of uses, including manufacturing, assembly, processing, warehousing, or other treatment of goods, substances and items.

Seamless Mobility: Nearby rail, air and road transportation including immediate access to the Trans-Canada Highway which serves as the locale's major transit artery, ensuring seamless connection to the surrounding major Canadian markets.

Superior Asset Quality: Newly constructed building that offers excellent utility for a variety of industrial uses, currently built to a low site coverage ratio.