604 Mcgeachie Drive
Milton, L9T 3Y5
FOR SALE
$12,750,000
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Industrial
CATEGORY 30,875 Sq Ft
INDUSTRIAL AREA W14177908
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Property Description
Solid/ Secure Investment. Net leased industrial building with a substantial infrastructure investment in the building. Nearing end of 4th year in 5 year lease. 5 year Renewal option in place. Rates to be negotiated. Tenant is Axalta Coating Systems. They are a Premier Global manufacturer of automotive refinishing and repair products. Headquartered in Philadelphia with 2025 sales of 5.1 billion US. Numerous internal improvements in building to permit manufacture and distribution of industrial automotive coatings. M-2 zoning,1200 amp 600 volt electrical system.Tank farm at rear of building.Roof updated 2024 . This is a key manufacturing plant in their worldwide operations. Replacement cost of buildings far greater than List price. Proximity to 400 series highways and experienced labor pool difficult to replace.Vendor would like building to be sold with 624 McGeachie. Same Tenant and use.
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Property Details
Address
604 Mcgeachie Drive
Community
City
Postal Code
L9T 3Y5
Property Type
Industrial, Industrial
Use
Free Standing
Zoning
M-2
Lot Size
271' x 328'
Industrial Area
30,875 Sq Ft
Acreage
1.9 Feet
Taxes
$56,203 (2025
Heat Type
Gas Forced Air Closed
Water
Municipal
Garage Type
None
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Listing contracted with Nucorp Realty International
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