MLS®: 157014 Status: For sale

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12 Laing Boulevard, St. Thomas Ontario, N5P4B9

12 Laing Boulevard, St. Thomas Ontario
Great investment opportunity or a location for your business (with 60 days notice) with additional income. 10,100 sq.ft. building currently rented to 6 tenants. One tenant on lease; 5 tenants month to month and those 5 rents can be adjusted by giving 60 days written notice. 7 overhead doors, 2 compound areas at rear- one on north included in rent with unit #2, one compound area included in rent for #5. All tenants pay their own heat and hydro. Owner pays property taxes, maintenance, insurance and water. Lease details available with signed Confidentiality Agreement. Net operating income about $58,675. Effective February 1, 2019, rent increases will bring the yearly gross income to $75,348. With current net income (assuming no mortgage), the cap rate is 7%. (id:2471)
Type: Industrial
Acreage: 1/2 - 1 acre
Sewer: Municipal sewage systemWater: Municipal water
Style: Multi-Tenant Industrial
Bathrooms: 7
Heating Type: Natural gas
Flooring: Concrete
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12 Laing Boulevard, St. Thomas Ontario

RE/MAX Centre City Realty Inc., Brokerage - St. Thomas

Brenda Creeden

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ST. THOMAS 519-633-1000 or PORT STANLEY 519-782-5505



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