MLS®: 137980 Status: For sale

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2469 Aviation Lane, London Ontario, N5V3Z9

2469 Aviation Lane, London Ontario
Located at the London Intl Airport. Total building area of 14,876 sf with 2 levels of office space of 4,386 sf. Building is in excellent condition throughout. Main floor approx. 7,594 sf is leased until May 31, 2021 at $4.75/SF. Main floor rear warehouse consisting of 4,857 sf is leased to German Energy Alternatives Inc. lease expiring on April 30, 2022. Escalating lease rate. May 1, 2018-$3/SF; May 1, 2019-$3.50/SF; May1 2020- & May 1, 2021-$4.50/SF. Second floor office consisting of 2,193 sf is owner occupied. Seller may lease back for 2 years at $5.50/SF on a net basis. Net income of $55,899.93 in yr , $60,805.50 in yr 2, $65,132.50 in yr 3 and $69,989.50 in yrs 4 and 5. Cap rate of 9.6% in 2018 and increasing to 11.1% in 2020. Building is on leased land. Monthly payments are $ 588.66 including HST payable to the GLIAA. Lease term extension granted upon a sale. Site and building plans in documents. (id:2471)
Type: Business
Lot Dimensions: 0.72Acreage: 0.72 ac|1/2 - 1 acre
Utility Types Available: Cable (Available)
Sewer: Municipal sewage systemWater: Municipal water
Age: 1998
Style: Offices
Bathrooms: 4
Heating: Forced air
Heating Type: Natural gas
Cooling Type: Central air conditioning
Exterior: Concrete
Flooring: Ceramic
Handicapped adaptable     
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2469 Aviation Lane, London Ontario

RE/MAX Centre City Realty Inc., Brokerage -

Gord Prior
Sales Representative

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