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602 Colby Dr 31,507 SF 100% Leased Industrial Building Waterloo, ON N2V 1A2 $8,200,000 CAD ($260.26 CAD/SF)
EXECUTIVE SUMMARY
602 Colby Drive represents a ±31,507 SF single tenant industrial owner-occupier or investment property in Waterloo. The Property’s layout, featuring a dedicated two-story front office space, expansive 20’ high ceiling-height manufacturing/ warehouse facility, and an auxiliary upper-level mezzanine storage area, positions it as an attractive proposition for a user-occupier or investors seeking growth potential. The Property boasts abundant power capacity, efficient drive-in and truck-level loading access, and generous on-site parking facilities for both employees and visitors. The facility is currently leased and occupied by Nasarc Technologies on a short-term basis. The Offering presents an enticing owner-occupier or investment opportunity with upside rent potential as the current lease rent is well below market rent.
PROPERTY FACTS
| Price | $8,200,000 CAD | Rentable Building Area | 31,507 SF |
| Price Per SF | $260.26 CAD | No. Stories | 2 |
| Sale Type | Investment or Owner User | Year Built | 2004 |
| Property Type | Industrial | Parking Ratio | 0.63/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 20’ |
| Building Class | B | No. Dock-High Doors/Loading | 2 |
| Lot Size | 1.67 AC | No. Drive In / Grade-Level Doors | 2 |
| Zoning | I-2 | ||
| Price | $8,200,000 CAD |
| Price Per SF | $260.26 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.67 AC |
| Rentable Building Area | 31,507 SF |
| No. Stories | 2 |
| Year Built | 2004 |
| Parking Ratio | 0.63/1,000 SF |
| Clear Ceiling Height | 20’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | I-2 |
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602 Colby Dr
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