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$2,000,000
Est. payment /mo
10,276 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 10,276 sqft
Price per Sqft $194
MLS® Listing ID X10744430
Originating Board Woodstock Ingersoll Tillsonburg and Area Association of REALTORS® (WITAAR)
Property Description
Looking for an investment with a return with a 7.5% cap rate? This property is operated as a retirement home with 20 beds, main floor kitchen plus an on-site residence for the owners, a car port , ample parking, and substantial upgrades over the past seven years, including a new elevator, fire suppression systems, windows, stand by generator, and much more. This is a building/land sale only. The tenant will sign a 5 year triple net lease with an extension option for a further 10 years. (id:24570)
Location
Province ON
Exterior
Parking Features Yes
View Y/N No
Total Parking Spaces 10
Private Pool No
Building
Sewer Sanitary sewer
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Listed by Re/Max a-b Realty Ltd Brokerage