250 Pinebush Rd - Freestanding FOR SALE


Cambridge, ON N1T 1Z6
$6,495,000 CAD
519-589-6062
250 Pinebush Rd, Cambridge, ON for Sale
$6,495,000 CAD
Freestanding - FOR SALE
1/2
null | Request Cap Rate

250 Pinebush Rd
Cambridge, ON N1T 1Z6


OVERVIEW

This is an incredibly rare opportunity to own a property fronting on Hwy 401, one of the busiest highways in North America. With annual daily traffic counts of 118,100 in 2019, this property offers unparalleled visibility, effectively serving as your own billboard with thousands of vehicles passing by each day. Additionally, the property has excellent exposure on Pinebush Road, which provides access to both the eastbound & westbound ramps of Hwy 401. Located in the Lovell Industrial Park, this 13,055 SF building comprises 11,780 SF of industrial space and 1,275 SF of office space, along with additional mezzanine storage and 14 ft ceilings. The property spans 2.1 acres, including approximately 1 acre of extra land, and is zoned M1, permitting a wide range of uses. The Seller is prepared to offer a vendor take-back mortgage and the current operating business is relocating. The building features ample power, 2 large drive-in doors and can be divided into 2 units, allowing the buyer to occupy one part while leasing out the other. This is also a fantastic chance for developers looking to construct a new multi-tenant industrial building. The Seller has also been approached about signing a leasing contract with a billboard advertising company providing rental income for years to come.

FOR SALE DETAILS

PRICE

$6,495,000 CAD

PRICE/SF

$498 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

2.16 AC

LAND SF

94,090 SF

ZONING

M-1

APN/PARCEL ID

300615001511900

ASK ABOUT THIS PROPERTY

Chad RitzerColdwell Banker Commercial Peter Benninger RealtyMore Info
519-589-6062

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Chad RitzerColdwell Banker Commercial Peter Benninger RealtyMore Info
519-589-6062

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.