604 Mcgeachie Drive
Milton, L9T 3Y5
FOR SALE
$12,990,000
➧
➧
Investment
CATEGORY32,500 Sq Ft
TOTAL AREAW10430840
MLSIDContact Us
Property Description
MODERN INDUSTRIAL MANUFACTURING FACTORY / Solid / secure Investment for the future.. Excellent opportunity to acquire Industrial building with diverse manufacturing capabilities already installed. Net Leased Industrial building.Substantial investment in building infrastructure. Has a Five year net lease with 18 months remaining. Solid Covenant. Tenant is Axalta Coating Systems. Premier global manufacturer of automotive refinishing and repair products (Automotive paints).. Headquartered in Philadelphia with 2023 sales of 5.5 Billion. 12,700 employees worldwide. Numerous expensive internal improvements made to building to permit manufacture and distribution of industrial automotive coatings. Zoning M-2. 1200 amp /600 volt electrical system..Roof upgraded in 2024. Current Clean Environmental Report available. Replacement cost of building with manufacturing improvements in place far greater than current list price of building. Great upside for future lease rates. A smart investment for the future. Difficult and expensive to duplicate today in close proximity to 400 series highways and experienced labor pool.
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Property Details
Address
604 Mcgeachie Drive
Community
City
Postal Code
L9T 3Y5
Property Type
Investment, Investment
Use
Industrial
Zoning
M-2
Lot Size
271' x 328'
Total Area
32,500 Sq Ft
Industrial Area
30,875 Sq Ft
Taxes
$77,179 (2024
Heat Type
Gas Forced Air Closed
Water
Municipal
Garage Type
None
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Listing contracted with Nucorp Realty Ltd.
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