Log In/Sign Up
Your email has been sent.
540 Park Avenue East, Unit 4A-B & Unit 5 2 Industrial Condos in Chatham, ON
Investment Highlights
- Approximately 90% of the property is occupied by established industrial tenants with lease terms extending through 2030.
- Functional industrial improvements include truck-level loading, multiple drive-in doors, 24-foot clear heights, and a full sprinkler system.
- Existing triple-net lease structure provides recoverable operating expenses and contractual rent growth.
- MSSC Canada Inc., a global automotive and suspension systems manufacturer, occupies the majority of the leased area.
- M1-743 General Industrial zoning permits a broad range of industrial and commercial uses.
- Vacant Unit 4B offers future leasing and income growth opportunities.
Executive Summary
540 Park Avenue East presents an opportunity to acquire a multi-tenant industrial condominium investment in Chatham, Ontario. The property consists of Units 4A, 4B, and 5, totaling approximately 95,297 square feet, with 90% occupancy and long-term tenancy in place. MSSC Canada Inc., a subsidiary of Mitsubishi Steel Manufacturing and a global supplier of automotive and off-road suspension solutions, occupies the majority of the asset through leases extending to 2030.
The property is configured to support a variety of industrial operations with 24-foot clear heights, multiple drive-in doors, truck-level loading capabilities, radiant gas heating, municipal services, a full sprinkler system, and 400-amp electrical service. The combination of warehouse and industrial manufacturing space supports a broad range of occupier requirements and contributes to the property's long-term leasing flexibility.
Located within Chatham's established industrial corridor, the asset benefits from access to regional transportation routes serving Southwestern Ontario and cross-border trade markets. The M1-743 General Industrial zoning permits a wide range of industrial and commercial uses, supporting future tenant demand and operational flexibility. The property's existing lease structure consists of triple-net agreements with recoverable operating expenses, providing predictable income characteristics for investors.
Current tenancy includes approximately 86,000 square feet under lease with contractual rental escalations and lease terms extending through 2030. The vacant Unit 4B component provides future leasing upside while maintaining significant in-place occupancy. The combination of established industrial tenancy, functional building features, and industrial zoning positions the property as a stabilized investment with future value-add potential.
The property is configured to support a variety of industrial operations with 24-foot clear heights, multiple drive-in doors, truck-level loading capabilities, radiant gas heating, municipal services, a full sprinkler system, and 400-amp electrical service. The combination of warehouse and industrial manufacturing space supports a broad range of occupier requirements and contributes to the property's long-term leasing flexibility.
Located within Chatham's established industrial corridor, the asset benefits from access to regional transportation routes serving Southwestern Ontario and cross-border trade markets. The M1-743 General Industrial zoning permits a wide range of industrial and commercial uses, supporting future tenant demand and operational flexibility. The property's existing lease structure consists of triple-net agreements with recoverable operating expenses, providing predictable income characteristics for investors.
Current tenancy includes approximately 86,000 square feet under lease with contractual rental escalations and lease terms extending through 2030. The vacant Unit 4B component provides future leasing upside while maintaining significant in-place occupancy. The combination of established industrial tenancy, functional building features, and industrial zoning positions the property as a stabilized investment with future value-add potential.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 94,000 SF |
| Number of Properties | 2 |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 94,000 SF |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 540 Park Ave E, 1st Floor - Unit 4, Chatham, ON N7M 5K8 | Industrial Condo | 69,000 SF | 2000 | - |
| 540 Park Ave E, 1st Floor - Unit 5, Chatham, ON N7M 5K8 | Industrial Condo | 25,000 SF | 2000 | - |
1 1
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
540 Park Avenue East, Unit 4A-B & Unit 5
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.