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116 Rayette Rd, Concord, ON

Name: 116 Rayette Rd, For Sale in Concord - eXp Realty
Brand: MOVE UP REALTY INC.
SKU: N13733544
Price: 17800000 CAD

House

For Sale

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0660

MLS® N13733544

Property Details
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Description

Excellent investment opportunity to acquire a sought-after freestanding M1-zoned industrial building in Vaughan. Situated on a substantial lot with approximately 201.43 ft. of frontage and 433.11 ft. of depth, the property offers 40, 056 sq. ft. of total floor area, including approximately 34, 500 sq. ft. of industrial space, 5, 000 sq. ft. of office space, and an additional 1, 000 sq. ft. basement area plus approximately 1000 sq.ft mezzanine. The warehouse features clear heights ranging from approximately 18 to 22 ft., including a portion with 20 ft. clear height. Shipping capabilities include seven truck-level doors and three drive-in doors. Additional features include 9 front entrances, 9 separate water and hydro meters, rear garage/loading doors, five separate office entrances, six washrooms, a change room, sprinklers, gas-forced-air heating, and more than 60 on-site parking spaces. Heavy electrical power includes 1, 600 amps, 208 volts, three-phase, four-wire service. An Electrical Safety Authority Certificate of Inspection is available. The building's configuration offers the potential to divide the property into as many as 11 separate units, each with a front entrance and rear garage/loading door, subject to municipal approvals. Ideally suited to service, warehousing, manufacturing, and distribution businesses. The property is currently tenanted at a net rental rate of $18.00 per sq. ft., plus $4.50 per sq. ft. TMI. The tenancy expires March 1, 2028, presenting an attractive opportunity for investors or future owner-users. Conveniently located with quick access to Highways 7, 27, 407, and 427, and approximately 20 minutes from Toronto Pearson International Airport. The Roof has been replaced 10 years ago. (id:58753)Show Description

Key Facts

Levels Commercial Sale

Size 40056 sqft

Taxes $77,085

Days Active 2

Avg. Price Per Sqft $444

MLS® Number N13733544

Central VacNo

FireplaceNo

HeatForced air, Natural gas

A/CFully air conditioned

Price History

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