Map pin68 Spruce Street, Tillsonburg, ON, N4G 5V3, CA

68 Spruce Street, Tillsonburg, ON

68 Spruce Street, Tillsonburg, ON_Property for Sale

Attributes

Building area net
2,310 m²
Land area gross
0.61 ha
Grade level doors
2
NOI
IDR 2,401,853,000
Clear height
4.88 m
Zoning
MG
Asking price
IDR 33,186,218,000
Cap rate
7.25%

Asset Description

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.

...

Investment Highlights

  • NNN Sale-Leaseback
  • Flexible Zoning
  • Longstanding Tenant
68 Spruce Street, Tillsonburg, ON (0 Properties)

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Last updated
9 Jan 2025