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604 Mcgeachie Dr

32,500 SF Industrial Building Milton, ON L9T 3Y5 $14,500,000 CAD ($446 CAD/SF)

Investment Highlights

  • Great upside in future lease rates.
  • Clean Environmental Report available.

Executive Summary

Solid Investment. Leased Industrial building. Substantial investment in building infrastructure. Five year lease with 3 years remaining. Solid Covenant. Tenant is Axalta Coating Systems. Premier global manufacturer of automotive refinishing and repair products. Headquartered in Philadelphia with 2023 sales of 5.5 Billion. 12,700 employees worldwide. Numerous expensive improvements made to building to permit manufacture and distribution of industrial coatings. Zoning M-2. 1200 amp /600 volt electrical system.

Property Facts

Price $14,500,000 CAD
Price Per SF $446 CAD
Sale Type Investment
Property Type Industrial
Property Subtype Warehouse
Building Class C
Rentable Building Area 32,500 SF
No. Stories 1
Year Built 1978
Tenancy Single
Parking Ratio 0.62/1,000 SF
No. Dock-High Doors/Loading 2

Amenities

  • Signage

zoning

Zoning Code M2
M2
  • Listing ID: 34226286

  • Date on Market: 2024-12-17

  • Last Updated:

  • Address: 604 Mcgeachie Dr, Milton, ON L9T 3Y5

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