624 Mcgeachie Drive
Milton, L9T 3Y5
FOR SALE
$12,990,000
➧
➧
Investment
CATEGORY30,500 Sq Ft
TOTAL AREAW10430829
MLSIDContact Us
Property Description
MODERN MANUFACTURING PLANT Solid investment for the future .Fully fixtured industrial building with diverse manufacturing capabilities already installed. Net Leased industrial building.Currently Fully outfitted for manufacture and distribution of automotive refinishing and and repair products (Paints). Zoning conforms. Tenant is Axalta Coating Systems, a premier global manufacturer of industrial coatings. Company is based in Philadephia with 2023 sales of 5.5 billion and 12,700 employees worldwide. Net lease with 18 months remaining on 5 year lease. Roof replaced in 2024. Numerous upgrades to building including oversized ventilation system. Tyco / Ansul sprinkler fire suppression system(including in storage racks). Draiger air monitoring system, Nitrogen generation system, tank farm, back up generators, Donaldson air filters, 600 volts /800 amp electrical system. M-2 zoning ( outside storage permitted) Up to date clean environmental report available .Replacement cost of building far greater than list price. This highly desirable Location with M-2 zoning very difficult to replace. Close to 400 series roads and skilled labor pool. Great secure investment for the future. Company also as similar industrial plant in Michigan USA.
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Property Details
Address
624 Mcgeachie Drive
Community
City
Postal Code
L9T 3Y5
Property Type
Investment, Investment
Use
Industrial
Zoning
M-2
Lot Size
212' x 333'
Total Area
30,500 Sq Ft
Industrial Area
28,975 Sq Ft
Taxes
$60,382 (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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