Message Number416354
statusActive
Subject LineInvestment Opportunity.
Business area
Canada
Ontario
Eastern Ontario
Ottawa and Region
Have/WantHave
Business categoryBusiness Opportunities
Date of ListingJune 20 2023
Type Descriptionarge warehouse area as well as a large office area
Location1368 GREELY LA, Greely, K4P 1A1
Price$1,250,000.00
CommentsInvestment Opportunity. This 3000 Square foot building features a large warehouse area as well as a large office area. Building has a fenced in rear compound. Currently is tenanted by a large structural company for the next 4 years on an escalating yearly lease. The current lease income is a 6.3% Cap rate and leaves the property after mortgage payment well into the green. The Lease escalates every June. In 2024 cap rate will be - 6.7% Cap. 2025 - 7.1% Cap. 2026 - 7.5% cap rate. This is extremely strong cap rates for commercial property. The landlord expenses on this property are only Property Taxes and Building Insurance. Tenant responsible for all other expenses. Take this opportunity to invest your money and make a very ample amount over the next 4 years. Property is tenanted so 24 hours notice is required for viewings.
Internet Links
Member Identifier2993
NameHamid Riahi
TitleBroker
Company NamePOWER MARKETING REAL ESTATE, Brokerage
Address Line One791 Montreal RD.
CityOttawa
State/ProvinceOntario
Zip/Postal CodeK1K 0S9
CountryCanada
Business Phone Number(613)860-7355
Cell Number(613) 252-4797
FAX Number(613) 745-7976
Email AddressSend Email
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