$3,968,000
Available - For Sale
Listing ID: X14080688
14877 Loyalist Parkway West , Prince Edward County, K0K 1G0, Prince Edward Co
| Located on approximately 10 acres in the heart of Prince Edward County, this property features an existing 15,732 sq. ft. industrial building with Rural Industrial (MR) zoning, offering strong expansion potential and a range of industrial uses. Office 1859sf and industrial 13873sf, Lot size 761.83 x 643.95 feet. New back up gas fire generator value over $100,000 and new chillers systeme and HVAC, Boiler valued over $400,000. 2 Truck level door. Ceiling 20 feet. Gas Forced Air,There is also a proposal to construct two additional 8,000 sq. ft. metal buildings on the Southeast side of the parking lot, potentially increasing the total building area to approximately 31,732 sq. ft., subject to the necessary approvals and permits.600-volt, 800-amp, three-phase electrical service, with additional power capacity available if requiredNatural gas service connected to the buildingRural Industrial (MR) zoningSignificant expansion and future development potentialThe property currently generates $23,668 per month in rental income, equivalent to $284,016 annually.The landlord is responsible for property taxes, while the tenant pays the utilities. The existing lease has approximately 2 years and 6 months remaining.A purchaser may choose to retain the existing tenant and benefit from the established rental income or explore other options upon reviewing the lease terms and applicable legal requirements.Based on the current annual rental income and the asking price of $3,968,000, the property offers a gross rental yield of approximately 7.16%. The net capitalization rate will depend on property taxes and other landlord expenses.To help facilitate the transaction, the owner is willing to provide up to $2,000,000 in vendor take-back financing at 8% interest for a two-year term, subject to mutually agreed terms and conditions.The owner may also be able to assist with obtaining the necessary permits for the two proposed metal buildings, subject to municipal approvals. |
| Price | $3,968,000 |
| Taxes: | $28136.55 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 14877 Loyalist Parkway West , Prince Edward County, K0K 1G0, Prince Edward Co |
| Postal Code: | K0K 1G0 |
| Province/State: | Prince Edward Co |
| Legal Description: | PT LT 1 CON 1 MILITARY TRACT HALLOWELL P |
| Directions/Cross Streets: | Matthie Rd/Loyalist Pkwy |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 0 | |
| Washroom Type 17 | 0 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 |
| Category: | Free Standing |
| Use: | Factory/Manufacturing |
| Building Percentage: | T |
| Total Area: | 10.00 |
| Total Area Code: | Acres |
| Office/Appartment Area: | 1859 |
| Office/Appartment Area Code: | Sq Ft |
| Office/Appartment Area Code: | Sq Ft |
| Area Influences: | Major Highway |
| Sprinklers: | Part |
| Washrooms: | 4 |
| Outside Storage: | T |
| Rail: | N |
| Crane: | F |
| Clear Height Feet: | 20 |
| Truck Level Shipping Doors #: | 2 |
| Double Man Shipping Doors #: | 2 |
| Drive-In Level Shipping Doors #: | 1 |
| Grade Level Shipping Doors #: | 0 |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | Yes |
| Water: | Drilled W |
| Water Supply Types: | Drilled Well |
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| CENTURY 21 MILLER REAL ESTATE LTD. |
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Sumit Chopra
Broker
Dir:
647-964-2184
Bus:
905-230-3100
Fax:
905-230-8577
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At a Glance:
| Type: | Com - Industrial |
| Area: | Prince Edward County |
| Municipality: | Prince Edward County |
| Neighbourhood: | Hallowell Ward |
| Tax: | $28,136.55 |
| Baths: | 4 |
| Fireplace: | N |
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