Solid/ Secure Investment. Net leased industrial building with a substantial infrastructure investment in the building. Nearing end of 4th year in 5 year lease. 5 year Renewal option in place. Rates to be negotiated. Tenant is Axalta Coating Systems. They are a Premier Global manufacturer of automotive refinishing and repair products. Headquartered in Philadelphia with 2025 sales of 5.1 billion US. Numerous internal improvements in building to permit manufacture and distribution of industrial automotive coatings. M-2 zoning,1200 amp 600 volt electrical system.Tank farm at rear of building.Roof updated 2024 . This is a key manufacturing plant in their worldwide operations. Replacement cost of buildings far greater than List price. Proximity to 400 series highways and experienced labor pool difficult to replace.Vendor would like building to be sold with 624 McGeachie. Same Tenant and use. (id:60120)
| Business Type | Manufacturing |
| Business Sub Type | Manufacturing |
| MLS® Number | W14177908 |
| Property Type | Industrial |
| Community Name | 1034 - MN Milton North |
| Cooling Type | Partially Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 32,500 Sqft |
| Utility Water | Municipal Water |
| Acreage | Yes |
| Size Depth | 327 Ft ,6 In |
| Size Frontage | 271 Ft |
| Size Irregular | 1.9 |
| Size Total | 1.9 Ac |
| Size Total Text | 1.9 Ac |
| Zoning Description | M-2 |
Contact us for more information
Paul Joseph Borcsok
Broker
(905) 602-9999
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