602 Colby Dr - Warehouse FOR SALE


Waterloo, ON N2V 1A2
$8,349,000 CAD
519-340-2323
602 Colby Dr, Waterloo, ON for Sale
$8,349,000 CAD
Warehouse - FOR SALE
1/3
null | Request Cap Rate

602 Colby Dr
Waterloo, ON N2V 1A2


HIGHLIGHTS

  • Upside rental potential
  • Income security
  • Attractive Market

OVERVIEW

CBRE Southern Ontario Investment Team is pleased to present for sale 602 Colby Drive (the “Property” or the “Offering”), a ±31,507 SF single tenant industrial investment property in Waterloo, currently leased and occupied by Nasarc Technologies Inc. The Property’s layout, featuring a dedicated two-story front office space, expansive 20’ high ceiling-height manufacturing/ warehouse facility, and an auxiliary upper-level mezzanine storage area, positions it as an attractive proposition for a user-occupier or investors seeking growth potential. The Property boasts abundant power capacity, efficient drivein and truck-level loading access, and generous on-site parking facilities for both employees and visitors. The Offering presents an enticing opportunity for upside rent potential as the current lease rent is well below market rent. The Offering represents a strategically positioned industrial investment, backed by a quality tenant and consistent cash flow.

FOR SALE DETAILS

PRICE

$8,349,000 CAD

PRICE/SF

$265 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

UTILITIES

-

CLEAR CEILING HT

20 Ft

DOCKS

2

DRIVE INS

2

PARKING SPACES

20

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

301604119501000

ASK ABOUT THIS PROPERTY

Joe BenningerCBRE, LimitedMore Info
519-340-2323

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Joe BenningerCBRE, LimitedMore Info
519-340-2323

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