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550 Industrial Rd

18,863 SF 100% Leased Retail Building Cambridge, ON N3H 4V9 £2,215,977 (£117/SF)

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Investment Highlights

Ample parking
Retail amenities nearby

High exposure location

Executive Summary

18,863 SF multi-tenant industrial building on 1.83 acres. The building is currently occupied by 6 tenants, with a 5,600 SF unit that can be sold with vacant possession for the benefit of an owner-occupier. Building features include up to 24’ clear ceiling height, drive-in loading, a fenced yard, and M3 zoning that permits outside storage. Below market rents present near-term upside for purchasers. The property is strategically located in close proximity to Highway 401 providing convenient access for occupiers that service the Waterloo Region and nearby markets.

Property Facts

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Auto Repair

Building Size

18,863 SF

Building Class

Year Built

1965

Price

£2,215,977

Price Per SF

£117

Percent Leased

100%

Tenancy

Multiple

Number of Floors

Loading Docks

11 Exterior

Building FAR

0.22

Land Acres

1.94 AC

Zoning

M3 - Heavy Industrial

Parking

25 Spaces (1.33 Spaces per 1,000 SF Leased)

Frontage

153 ft on Industrial Rd

Amenities

Signage

Space Availability

1
5,600 SF
Industrial
-
30 Days

5,600 SF recently renovated industrial unit with excellent exposure on Industrial Road. Unit features 1 drive-in door (ability to install 1 additional drive-in door), 100 amps/600 volt electrical service, 1/3 office/showroom area, 12' clear height and ample employee parking. Close proximity to Highway 401 & Highway 24/Hespeler Road.