866 Langs Drive_Property for Sale
866 Langs Drive_Property for Sale
866 Langs Drive, Cambridge, ON, N3H 5P6, CA

866 Langs Drive

Asset Description

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.


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Attributes

Land area gross
3.24 ha
Building area net
14,449 m²
Clear height
4.88 m
WALT
4 years
Number of loading docks
6
Grade level doors
4

Media

Investment Highlights

  • Strong Tenant Covenant
  • Highly Functional & Adaptable Asset
  • Robust Industrial Market

Contact brokers

866 Langs Drive (0 Properties)

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Last updated
21 Oct 2024