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$ 14,500,000
Est. payment /mo
Active
624 Mcgeachie DR S Milton, ON L9T 3Y5
30,500 SqFt
UPDATED:
01/14/2025 08:27 PM
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 30,500 sqft
Price per Sqft $475
Subdivision Esquesing
MLS Listing ID W10430829
Annual Tax Amount $60,381
Tax Year 2024
Property Description
Solid investment. Leased industrial building.Fully outfitted for manufacture and distribution of automotive refinishing and and repair products. Zoning conforms. Tenant is Axalta Coating Systems, a premier global manufacturer of industrial coatings. Company is based in Philadephia with 2023 sales of 5.5 billion and 12,700 employees worldwide. Net lease with 3 years remaining on 5 year lease. Roof replaced in 2024. Numerous upgrades to building including oversized ventilation system. Tyco / Ansul sprinkler fire suppression system(including in storage racks). Draiger air monitoring system, Nitrogen generation system, tank farm, back up generators, Donaldson air filters, 600 volts /800 amp electrical system. M-2 zoning ( outside storage permitted) Up to date clean environmental report available .Replacement cost of building far greater than list price. This highly desirable Location with M-2 zoning very difficult to replace. Close to 400 series roads and skilled labor pool. Great secure investment for the future.
Location
State ON
County Halton
Community Esquesing
Area Halton
Zoning M-2
Interior
Cooling Partial
Exterior
Utilities Available Yes
Lot Frontage 211.7
Lot Depth 332.81
Building
Lot Description Irregular Lot
Others
Security Features Yes
Listed by NUCORP REALTY LTD.