1001 Burns St E
Whitby, L1N6A6
For Sale
$2,900,000
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Industrial Condo
CATEGORY13,575 Sq Ft
TOTAL AREAE9386986
MLSIDContact Us
Property Description
Highly attractive Industrial/Service Retail location with National tenant in place being offered at a very attractive $221 PSF. This offering is for units 3 & 4, totaling 13,575 SF. Current rents are well below market rates. Well-maintained space, new single-ply membrane roof 2022. Heavy power. Upgraded T8 lighting. Excellent proximity to two interchanges to Hwy 401. M1A zone offers broad range of uses. Fair shipping accommodation. Healthy condo reserve. 18' ceiling heights in warehouse. Common parking. This property is located in a high-growth area, and with the scarcity of industrial space in Whitby, the strong potential for future appreciation and income growth this offering is a strategic opportunity to invest in a market with robust fundamentals and promising long-term prospects.
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Extras
Current lease term expiring July 2028 paying $88,237.56 Net, with fixed 5 year option following expiry at $101,812.56 Net, and second 5 year option at fair market rates.
Property Details
Category
Industrial Condo
Usage
Warehousing
Zoning
M1A
Total Area
13,575 Sq Ft
Office/Apartment Area
5.00
Retail Area
15.0
Industrial Area
80.0
Lot Size
110' x 123'
Taxes
$43,662 (2024)
Washrooms
2
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Listing contracted with Coldwell Banker - R.M.R. Real Estate
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