|
PROMOTIONAL PACKAGE
|
|
1775 SYLVESTRE, TECUMSEH, N8N 2L9 |
|
Ontariorci was created to provide our clients full real estate solutions in the South Western Ontario Region. As our clients have grown, so have we; our system has continually improved, and will continue to improve, in order to strive to provide some of the best service that can be provided in the real estate industry. People often ask what the RCI in our name represents: this stands for Residential, Commerical and Income properties. We have found that these are our three areas of expertise and continual success. For more information about us and additional information on crime statistics, economic indicators, demographics etc., please visit our main site at www.ontariorci.com
|
 |
| Price: $ 2,598,875
|
|
|
|
| Major Area |
we |
| District: |
00 |
| Sub-Dist: |
5 |
| Prop Is: |
For Sale Only |
| Legal Description |
CON 1 PT LT 155 12R-15944
PTS 1, 2 12R-17053 PT1,2 |
| Address |
1775 SYLVESTRE |
| City; |
TECUMSEH, N8N 2L9 |
| Sd/Rd: |
West |
| Cross Street: |
MANNING |
|
|
|
| Prop. Size: |
2.06 ACRES |
Off. Plan: |
...... |
Zoning: |
INDUST |
Possession: |
30 DAYS |
|
| Property Overview |
|
DON`T MISS OUT ON THIS LRG HIGHLY SOUGHT AFTER NEW PREMIER INDUSTRIAL UNIT ON SYLVESTRE PARK W/`AAA` WORLD CLASS TENANTS. COMFORTABLE 10.9 CAP RATE, APPROX 39100 SQ FT, 2 LOADING DOCKS, APPROX 30` X 100`, CRANE READY, 26` HIGH CEILING. MEZZANINE, PRE-ENGINEERED, BEAUTIFULLY FINISHED OFFICES BUILT ON A WELL MAINTAINED 2 ACRES OF LAND.
|
| Virtual Tour |
|
|
| Property Documents |
|
|
|
| Type: |
Office(S), Industrial, Remarks |
| Type of DwellingIs: |
Free Standing |
| Parking: |
Included In Rent |
| Sale/lease: |
Building & Land |
| Fire Protection: |
|
|
|
|
| Office Heat/Ac: |
Forced Air, Air Conditioned |
| Ware/Indust Heating: |
Radiant |
| Fuel: |
Electricity, Natural Gas |
| Elevators: |
None |
| Signage: |
|
| Loading: |
At Dock, At Grade |
| Documents: |
|
|
|
| Water |
Municipal |
| Sewer |
Septic Installed |
| Amenities: |
Finished Offices, Lunch Room, Mezzanine, Remarks |
| Incl. in Add. Rent: |
Build Insurance |
|
|
| Parking Spaces: |
10 |
| Volts: |
3 |
| Amps: |
|
| Phase: |
|
| Clear Height: |
22 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
This building cashflows as a very viable passive income property. It contains reputable industrial tenants, in a premier industrial park, with one of the tenants contractually paying all expenses except maintenance (taxes & utilities).
Pros |
- AAA class tenants; Cintas www.cintas.ca/ or www.en.wikipedia.org/wiki/Cintas
a national uniform company signed to a 10 year lease, Ventra Plastics (http://public.ventraplastics.com/) an automotive parts supplier whose parent company is Flex-n-Gate (http://www.flex-n-gate.com/). They are signed to a new 3 year lease, with an option to renew for another 3 years.
- Cintas pays all utilities and taxes for the building, landlord is only responsible for property management and occasional exterior maintenance.
- Located in a premier industrial area of Windsor
- Building in great condition structurally, and both tenants have recently (July – August 2008) completed an additional $250,000+ in their own leasehold improvements.
- Extensive parking lot
- The main access road to this industrial park, Manning, is going to be substantially expanded in the next several years, in order to handle greater industrial traffic to the 401 Expressway. The 401 represents the largest international trade route in the world (Canada/USA). This means greater demand for this industrial park in future years. As well, there is to be another bridge to be built from Detroit to Windsor at a cost of $1.8 billion (including road improvements within Windsor) circa 2010, and this will of course increase demand for more industrial investment into the area. I have attached a PDF from the Financial Times (based in Great Britain) showing that Windsor is the best small city in Canada/USA/Mexico to invest your multi-national corporation in. Chatham, #9 on the list, is the next city North of us.
|
|
Cons: |
- Ventra Plastics is currently only signed to a 3 year lease but most likely will take the renewal option as they just invested over $100,000 into leasehold improvements. If they were to leave after 3 years, that would end up being a very wasteful expenditure.
- The parking lot is not paved, only gravel currently. If this was an issue to the tenants, then they would not have signed healthy leases as of late. If you wish to pave the parking area, one would suspect that the tenants would contribute to the cost significantly.
|
 |
Ontariorci was created to provide our clients full real estate solutions in the South Western Ontario Region. As our clients have grown, so have we; our system has continually improved, and will continue to improve, in order to strive to provide some of the best service that can be provided in the real estate industry. People often ask what the RCI in our name represents: this stands for Residential, Commerical and Income properties. We have found that these are our three areas of expertise and continual success. For more information about us and additional information on crime statistics, economic indicators, demographics etc., please visit our main site at www.ontariorci.com
.
|
