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.

...

Attributes

Building area net

8,765 sm

Land area gross

5.02 ha

Year built

2008

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.