+43 more
1970
Year Built
About This Property
This industrial in Windsor is available for your consideration. Built in 1970. The property has lot dimensions of 50.19 X 227.6 FT / 0.262 AC. The home features ceramic/porcelain and cushion/lino/vinyl flooring, forced air, natural gas heating, central air conditioning.
MLS Remarks
A compelling opportunity to acquire a 15,138 sq. ft., 100% leased, healthcare-focused commercial asset offering secure, long-term income in one of Windsor’s most desirable and defensible locations. Located steps from Windsor Regional Hospital – Ouellette Campus, the property benefits from irreplaceable proximity to a major healthcare hub, driving consistent demand and exceptional tenant stability. Hospital-adjacent properties are among the most resilient commercial investments due to low vacancy risk and strong performance across market cycles. The asset delivers stable Net Operating Income, an attractive cap rate, and contractual rent escalations, providing inflation protection and long-term income growth. The tenant mix is comprised of established medical and healthcare users, historically one of the most reliable and recession-resistant tenant classes. Significant recent capital improvements materially reduce near-term capital exposure, including upgrades to electrical, plumbing, and HVAC systems, with heat pumps tied to a boiler serving the 1st and 3rd floors, six new heat pumps added to the 1st floor, and new furnaces, air conditioning, and ductwork installed on the 2nd floor in 2020. A quarterly maintenance agreement with Vollmer is in place to ensure continued operational reliability. The building is fully sprinklered, fire-rated, and equipped with a monitored fire alarm system, with updated plumbing on the main and second floors and a passenger elevator accessible from the parking lot/Dufferin Street side. Supported by strong local demographics and sustained healthcare demand, this asset offers durable cash flow and long-term value preservation. (id:60351)
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