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    For Sale - 32 Clearview Drive, Tillsonburg, Ontario

    Est payment $11,284/mo
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    Time on Jump  1 days

    AI Summary *

    • Approximately 11,000 sq. ft. of modern industrial space built in 2021.
    • Zoned for cannabis cultivation, offering unique business opportunities.
    • 400 amps and 600 volts electrical service, ideal for heavy operations.
    • Current tenant provides steady rental income of $162,600 annually.
    • 50% vendor take-back financing option available for reduced upfront costs.




    Excellent opportunity to own approximately 11,000 sq. Ft. Of industrial property with 5+ years of operation. Zoning allows for cannabis cultivation. 400 amps, 600 volts (3-phase) electrical service. Building size: approximately 11,000 sq. Ft. Year built: 2021zoning: mg - industrialland size: 0. 71 acreslocation: industrial/commercial area just off highway 3electrical service: 400 amps, 600 volts, 3-phasewater supply: municipal water with a 1-inch service linesewer: connected to municipal sewer systemnatural gas: large natural gas service linebuilding dimensionsmain building: 60 ft. 156 ft. Additional attached section: 35 ft. 26 ft. 14 ft. Major renovations and improvements: the property has undergone approximately $500,000 in renovations and improvements. At the time of purchase, the three hvac units, each rated at 25 tons, had been removed. The seller subsequently reinstalled all three units, providing a total hvac capacity of 75 tons. Existing tenant and investment potentialmonthly rental income: $13,550annual rental income: $162,600remaining lease term: approximately 2 yearsasking price: $2,350,000approximate gross rental yield: 6. 92% annuallybased on the current rental income, the property offers an approximately 7% gross annual rental yield before expenses. Vendor take-back (vtb) financing: the seller is willing to provide 50% vendor take-back financing in first position, subject to mutually acceptable terms and due diligence. This financing opportunity may allow a qualified purchaser to acquire the property with reduced upfront capital requirements. A compelling opportunity for investors and owner-users seeking a modern industrial property with existing rental income, substantial improvements, and potential vendor financing.
    Listing IDX14085316
    Address32 Clearview Drive
    CityTillsonburg, Ontario
    Price$2,350,000
    Bath1 Full
    StyleIndustrial
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype IndustrialCommunity Features Major HighwayHeating / Cooling Gas Forced Air Open

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    Listing Brokerage: CENTURY 21 MILLER REAL ESTATE LTD.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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