855 Edward st - Industrial FOR SALE


Prescott, ON K0E 1T0
$4,999,999 CAD
844-482-8532
855 Edward st, Prescott, ON for Sale
$4,999,999 CAD
Industrial - FOR SALE
1/48
null | Request Cap Rate

855 Edward st
Prescott, ON K0E 1T0


HIGHLIGHTS

  • Prime location close to major highway interchange

OVERVIEW

Located within 700m of a full interchange with Highway 401, this zoned M1 - General Industrial property comprises a 36,925 square foot single-storey industrial building that was constructed in phases between 1968 and 1972. The building is demised into 1,765 square feet of front office/dry storage space on two levels. The balance of the building is demised into dry warehouse space. The warehouse has a clear ceiling height ranging between 14.0 and 21.7 feet. There are six overhead loading doors of varying sizes. In 2023, new gas heaters were installed, also 5 new steel doors. Tenant: Richelieu Hardware Ltd with term ending August 31, 2026 paying $9,500 monthly. During the term of this lease, the tenant pays taxes as assessed and utilities. Tenant: John Campbell Towing on a month to month term paying $1,529.55 plus applicable tax for a total of $1,728.39 monthly. Windows: Windows in the front office component comprise double glazed units in metal frames that were installed in 1995. One unit was replaced in 2020. HVAC: The front office is heated by an HVAC unit and it has supplemental baseboard heaters. The warehouse has six suspended gas-fired forced air units. Lighting: Lighting is fluorescence tube throughout the building. Clear Ceiling Height: 14.0 - 21.7 feet Ceiling Height Office and Mezzanine: 8 feet +/- Coverage Ratio: 26% (on a 3.198 acre site) Loading Facilities: 1 x (10' x 12') dock level overhead door. 3 x (8' x 9') dock level overhead doors of which one has a leveller. 2 x (14' x 14') at grade drive-thru overhead doors. Interior Finish Office Area: The office area is located within the east side of the building. This area is demised into three finished offices, two two-piece washrooms and a dry storage area. Office finish is considered to be average with vinyl and ceramic tile flooring, drywall and painted concrete walls and acoustic tile ceiling. Finishes are generally dated, but are maintained. Mezzanine: There are two mezzanine areas. The first mezzanine was formerly utilized as a staff lunch room with lockers and is demised into three rooms. This space is not currently used. The second mezzanine space is dry finished storage space. Interior Finish Warehouse: The warehouse is demised into clean and dry space. The original building has a main warehouse with a secondary warehouse area adjoined by a large overhead door. The addition provides full warehouse space with drive-thru ability. There is a small shipping/receiving office and washrooms located in the warehouse. Men’s washroom is afforded two urinals, two toilets and two sinks and the women’s washroom is afforded three toilets and two sinks.

FOR SALE DETAILS

PRICE

$4,999,999 CAD

PRICE/SF

$135 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

ADD'L SUBTYPES

Manufacturing, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

UTILITIES

-

CLEAR CEILING HT

21.583333333333332 Ft

DOCKS

6

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.2

LAND SF

139,392

ZONING

M1 - General Industrial Z

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jean LevacDLREMore Info
844-482-8532

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Jean LevacDLREMore Info
844-482-8532

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.