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525 First St

20,233 SF 100% Leased Flex Building London, ON N5V 1Z5 $1,776,205 USD ($88 USD/SF) 5% Cap Rate

Industrial Properties Ontario London 525 First St, London, ON N5V 1Z5

Investment Highlights

  • With 190 feet of frontage and traffic counts in excess of 18,000 vehicles per day, tenants benefit from excellent exposure along First Street.
  • The property is just a 15 minute drive to Highway 401, 13 minutes to London Airport, and a short drive to the adjacent Argyle Mall.
  • Located just north of Dundas on a 0.87 acre parcel, the property is equipped with two drive-in doors and three loading docks for maximum convenience.

Executive Summary

525 First Street in London, Ontario is a prime commercial investment opportunity featuring a 20,233 square foot freestanding 10-unit plaza. The property is fully occupied by eight fantastic local tenants, yielding an attractive in-place net operating income. Ample on-site parking is available in the form of 17 surface parking spaces. Furthermore, the property is equipped with two drive in doors and three loading docks to suit a plethora of tenant needs.
The property is zoned LI1 (Light Industrial) permitting a wide range of uses for continued tenant attraction and retention.
Contact Team Wahab for more info: 647-299-6073 / sold@teamwahab.com @masoodwahab

Financial Summary (Actual - 2023) Click Here to Access

Annual (USD) Annual Per SF (USD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income (USD)
Annual $99,999
Annual Per SF $9.99
Other Income (USD)
Annual -
Annual Per SF -
Vacancy Loss (USD)
Annual -
Annual Per SF -
Effective Gross Income (USD)
Annual $99,999
Annual Per SF $9.99
Taxes (USD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (USD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (USD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (USD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $1,776,205 USD Rentable Building Area 20,233 SF
Price Per SF $88 USD No. Stories 1
Sale Type Investment Year Built/Renovated 1973/2017
Cap Rate 5% Clear Ceiling Height 17 FT
Property Type
Flex
  • General Retail Auto Repair
  • Industrial Manufacturing
  • Office Medical
 No. Dock-High Doors/Loading 3
Building Class C No. Drive In / Grade-Level Doors 2
Lot Size 1.08 AC
Price $1,776,205 USD
Price Per SF $88 USD
Sale Type Investment
Cap Rate 5%
Property Type
Flex
  • General Retail Auto Repair
  • Industrial Manufacturing
  • Office Medical
Building Class C
Lot Size 1.08 AC
Rentable Building Area 20,233 SF
No. Stories 1
Year Built/Renovated 1973/2017
Clear Ceiling Height 17 FT
No. Dock-High Doors/Loading 3
No. Drive In / Grade-Level Doors 2

Amenities

  • Signage
  • Air Conditioning
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525 First St, London, ON - aerial map view - Image1
525 First St, London, ON - aerial map view - Image2

DEMOGRAPHICS

Regional Accessibility

50 Km. 50 Km. 100 Km. 100 Km. 500 Km. 500 Km.
CITY
POPULATION
KM
DRIVE TIME
Mississauga
668,549
171
2 h 14 m
North York
636,000
187
2 h 30 m
Toronto
2,600,000
193
2 h 32 m
Ottawa
812,129
623
7 h 53 m
Montréal
1,600,000
712
8 h 59 m
ACCESS AND LABOR FORCE
10 KM
Total Population
-
Total Labor Force
305,510
Unemployment Rate
-
Median Household Income
$59,877
Warehouse Employees
11,014
High School Education Or Higher
89.20%
$ values in CAD

zoning

Zoning Code LI1 (Light Industrial)
LI1 (Light Industrial)
(647) 930-1937

  • Listing ID: 31988638

  • Date on Market: 6/1/2024

  • Last Updated:

  • Address: 525 First St, London, ON N5V 1Z5

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525 First St, London, ON for sale Building Photo- Image 1 of 12
This excellent flex property is fully occupied by 8 local tenants.
525 First St, London, ON for sale Building Photo- Image 2 of 12
This is a prime freestanding opportunity to acquire a 10 unit plaza in East London.
525 First St, London, ON for sale Building Photo- Image 3 of 12
The property is tenanted by a variety of local businesses including auto service centers, remodeling companies, and more.
525 First St, London, ON for sale Building Photo- Image 4 of 12
This property is bright and highly visible.
525 First St, London, ON for sale Building Photo- Image 5 of 12
Tenants benefit from excellent exposure.
525 First St, London, ON for sale Building Photo- Image 6 of 12
Ample on-site parking is available for employees and visitors.
525 First St, London, ON for sale Building Photo- Image 7 of 12
Property features separate entrances for each tenant with large glass windows.
525 First St, London, ON for sale Building Photo- Image 8 of 12
This site is equipped with 2 drive-in doors and three loading docks.
525 First St, London, ON for sale Aerial- Image 9 of 12
The property benefits from excellent exposure along highly trafficked Dundas Street.
525 First St, London, ON for sale Aerial- Image 10 of 12
This location in paralleled with easy access to the airport, public transit, and major highways.
525 First St, London, ON for sale Floor Plan- Image 11 of 12
Floor Plan

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525 First St
(647) 930-1937 x

525 First St

Masood Wahab

(647) 930-1937

(647) 930-1937

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