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80 Second Av W 64,144 SF 100% Leased Industrial Building Simcoe, ON N3Y 2P3 $4,490,000 CAD ($70.00 CAD/SF) 7.50% Cap Rate
Investment Highlights
- Elevator included.
- Redevelopment potential.
- Crushed stone driveway.
Executive Summary
This 3.17-acre property is prominently located in Simcoe, Norfolk County, offering strong holding income and excellent long-term development potential. The site is currently zoned industrial, but Norfolk County’s Official Plan identifies it as Urban Residential,supporting potential mixed-use or residential redevelopment up to 10 storeys (subject to municipal approvals). Fully leased to a national retailer, the asset offers stable income with future upside through rent escalations or redevelopment.
Property Facts
| Price | $4,490,000 CAD | Lot Size | 3.03 AC |
| Price Per SF | $70.00 CAD | Rentable Building Area | 64,144 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.50% | Year Built | 1974 |
| Property Type | Industrial | Parking Ratio | 0.59/1,000 SF |
| Property Subtype | Distribution | Clear Ceiling Height | 23’3” |
| Building Class | C | No. Dock-High Doors/Loading | 7 |
| Zoning | MG,HL - General Industrial Zone | ||
| Price | $4,490,000 CAD |
| Price Per SF | $70.00 CAD |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | C |
| Lot Size | 3.03 AC |
| Rentable Building Area | 64,144 SF |
| No. Stories | 1 |
| Year Built | 1974 |
| Parking Ratio | 0.59/1,000 SF |
| Clear Ceiling Height | 23’3” |
| No. Dock-High Doors/Loading | 7 |
| Zoning | MG,HL - General Industrial Zone |
Amenities
- Security System
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
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80 Second Av W
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