68 Spruce Street, Tillsonburg | Image 1

68 Spruce Street

Tillsonburg

  • Commercial

$X,XXX,XXX
For Sale

Added 3 months ago

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  • Type: Industrial

  • Property Type: Commercial

  • Business Type: Factory/Manufacturing

  • Zoning: MG

  • Age: No Data

  • Taxes: 29800

  • MLS®#: X10440651

  • Days on Site: 91 Days

  • Added: Nov 19, 2024 (3 months ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: JONES LANG LASALLE REAL ESTATE SERVICES, INC.

24,863 SF industrial facility on a 1.5-acre lot. Located in Tillsonburg, a town 50 KM's southeast of London, the Property is equipped with 2 shipping doors, two heavy-duty cranes, and 16 foot clear heights. Upon closing, the owner, J/E Bearing & Machine who has occupied the premises since 1988, will enter into a 5-year leaseback of the grounds and building. The leaseback is proposed to begin at a net rental rate of $8.50 psf with built-in escalations and an additional 5-year renewal option. **EXTRAS** Buyers to confirm all information independently. At least 48 hours advance notice required for tours.

Property

  • Status: Sale

  • Type: Factory/Manufacturing

  • Property Type: Industrial

  • Property Type: Free Standing

  • Area: Tillsonburg

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Basement: N

  • Heat Type: Gas Forced Air Open

  • UFFI: No

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2023

  • Taxes: $29,800

  • Taxes Type: Annual

Land

  • Cross Street: Spruce Street / Ceda

  • Municipality District: Tillsonburg

  • Parcel Number: 000450048

  • Lot Depth: 300.85 Feet

  • Lot Frontage: 199.12 Feet

  • Zoning: MG

Shipping Doors

  • Clearing Height (ft): 16

Commercial Specific

  • Shipping Doors Drive In Level: 2

  • Rail: N

  • Sprinklers: Y

  • Total Area: 24863

  • Total Area Metric: Sq Ft

  • Industrial Area Size: 23663

  • Industrial Area Metric: Sq Ft

  • Office Size: 1200

  • Office Size Metric: Sq Ft

  • Area Influence: Major Highway

  • Lot Code: Lot

Map of 68 Spruce Street, Tillsonburg
5-8

Monsignor J H O'Neil School

Elementary: Catholic
3.58 km
JK-8

Courtland Public School

Elementary: Public
6.55 km
JK-4

St Joseph's School

Elementary: Catholic
2.53 km
JK-8

South Ridge Public School

Elementary: Public
4.87 km
JK-8

Westfield Public School

Elementary: Public
2.93 km
JK-8

Annandale Public School

Elementary: Public
1.56 km
9-12

Delhi District Secondary School

Secondary: Public
18.12 km
9-12

Valley Heights Secondary School

Secondary: Public
22.61 km
9-12

St Mary's High School

Secondary: Catholic
29.28 km
9-12

College Avenue Secondary School

Secondary: Public
30.37 km
9-12

Ingersoll District Collegiate Institute

Secondary: Public
25.76 km
9-12

Glendale High School

Secondary: Public
2.78 km
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 131 TOWNLINE Road, Tillsonburg | MLS: X10744880
For Sale
10 months ago
$X,XXX,XXX
  • — bath
  • — bed

131 TOWNLINE Road, Tillsonburg, Ontario • N4G 2R9 • Tillsonburg