-
Type: Investment
-
Property Type: Commercial
-
Business Type: Medical/Dental
-
Zoning: Rsc2 RSC4 (28) H
-
Age: 31-50 years
-
Taxes: 21123.55
-
MLS®#: X10874942
-
Days on Site: 62 Days
-
Added: Nov 22, 2024 (2 months ago)
-
Updated:
-
Last Checked: 1 hour ago
-
Listed By: CBRE LIMITED
This single tenant insurance investment opportunity is a premium quality medical facility in the core area with high-end medical-office-building standard finishes throughout. The 3,800 SF single-storey building was stripped to the exterior shell and totally re-built in 2022-2023 with a renovation cost of approximately $1,760,000. Renovations included new HVAC system with individual temperature settings per room, multiple staff & patron washrooms, key fob alarm system on all doors throughout the facility, commercial grade vinyl flooring, 400 Amp electrical, fenced asphalt paved parking at the front of the building for 8 vehicles and LED light poles. RSC zoning allows a wide variety of service commercial uses in addition to the current medical use. The investment is secured by a 10 year fully Net Lease expiring in 2031 with 2 x5 year renewal options.
Property
Status: Sale
Type: Medical/Dental
Property Type: Investment
Property Type: Office
Age: 31-50
Area: London
Community: East K
Availability Date: TBD
Assessment Amount: $588,000
Assessment Year: 2023
Inside
Air Conditioning: Y
Utilities
Utilities: Yes
Building
Basement: N
Heat Type: Gas Forced Air Closd
Elevator: None
UFFI: No
Energy Certificate: N
Freestanding: Y
Outside Storage: N
Water Supply: Municipal
Physically Handicapped-Equipped: Y
Volts: 240
Amps: 400
Parking
Garage Type: None
Covered Parking Spaces: 8
Fees
Tax Year: 2024
Taxes: $21,124
Taxes Type: Annual
Land
Cross Street: North side of York S
Municipality District: London
Parcel Number: 083170031
Sewer: San+Storm
Lot Depth: 156.4 Feet
Lot Frontage: 60.45 Feet
Zoning: Rsc2 RSC4 (28) H
Shipping Doors
Clearing Height (ft): 14
Commercial Specific
Rail: N
Sprinklers: N
Total Area: 0.22
Total Area Metric: Acres
Office Size: 3800
Office Size Metric: Sq Ft
Area Influence: Public Transit
Crane: N
Lot Code: Lot
Survey: N
Soil Test: N
Aberdeen Public School
Elementary: PublicSt Mary School
Elementary: CatholicSt Georges Public School
Elementary: PublicTecumseh Public School
Elementary: PublicSt. John French Immersion School
Elementary: CatholicLord Roberts Public School
Elementary: PublicG A Wheable Secondary School
Secondary: PublicB Davison Secondary School Secondary School
Secondary: PublicLondon South Collegiate Institute
Secondary: PublicLondon Central Secondary School
Secondary: PublicCatholic Central High School
Secondary: CatholicH B Beal Secondary School
Secondary: Public
