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Cannon St 21,250 SF Industrial Building Middlesbrough TS1 5RY $3,450,708 CAD ($162.39 CAD/SF) 7.75% Cap Rate
Investment Highlights
- Excellent connectivity
- Close proximity to local amenities
- Strategic location
Executive Summary
A single let 21,250 sq ft well specified industrial unit. Let in its entirety to Fujifilm Diosynth Biotechnologies UK Limited on FRI terms. The tenant’s break option at 19 April 2026 was not exercised, leaving approximately 4.6 years unexpired. Current rent passing of £151,695.95 per annum reflecting £7.14 psf. Offers sought in excess of £1,845,000, reflecting a net initial yield of 7.75% after purchaser’s costs of 6.23% and a low capital value of £87 per sq ft.
Property Facts
| Price | $3,450,708 CAD | Lot Size | 1.15 AC |
| Price Per SF | $162.39 CAD | Rentable Building Area | 21,250 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.75% | Year Built | 2005 |
| Tenure | Freehold | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.28/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 18’ (5.49 m) |
| Building Class | C | No. Drive In / Grade-Level Doors | 3 |
| Price | $3,450,708 CAD |
| Price Per SF | $162.39 CAD |
| Sale Type | Investment |
| Cap Rate | 7.75% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.15 AC |
| Rentable Building Area | 21,250 SF |
| No. Stories | 1 |
| Year Built | 2005 |
| Tenancy | Single |
| Parking Ratio | 0.28/1,000 SF |
| Clear Ceiling Height | 18’ (5.49 m) |
| No. Drive In / Grade-Level Doors | 3 |
Amenities
- 24 Hour Access
- Fenced Lot
- Yard
- Automatic Blinds
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Cannon St
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