624 Mcgeachie Drive
Milton, L9T 3Y5
FOR SALE
$12,500,000
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➧
Investment
CATEGORY 28,975 Sq Ft
INDUSTRIAL AREA W14177952
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Property Description
Solid Investment for the future. Net leased industrial building in 4th year of 5 year term.5 year Renewal option in lease. Rates to be negotiated in 5th year. Tenant is Axalta Coating Systems, a premier global manufacturer of automotive coatings and repair products.Majority of distribution from this plant. Two plants in Milton area are an integral part of Companies global operations.Roof replaced in 2024. Numerous upgrades to building including Tyco, Ansul sprinkler fire suppression system, Draiger air monitoring system, back up generators and nitrogen regeneration system. 800 amp/600 volt electrical system.M-2 zoning with outside storage. Replacement cost of building far greater than list price.Very desirable location close too 400 series highways and skilled labor pool. Vendor would like 624 and 604 McGeachie sold to one Buyer.
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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'
Industrial Area
28,975 Sq Ft
Taxes
$71,851 (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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