Property Details

2469 AVIATION Lane, London, Ontario, N5V3Z9

2469 AVIATION Lane, London, Ontario, N5V3Z9 (ID 40353476)
Representative
Kelley Schroeyers portrait
Kelley Schroeyers
Sales Representative
BAILE REALTY INC., BROKERAGE
Cell: 519-381-1790

$1,000,000 - For sale

ID#:40353476

Located at the London International Airport. Excellent investment opportunity. Fully leased to three long term tenants. Building consists of 14,876 square feet on one acre and is in top condition throughout. Net operating income of $69,812.75 with a cap rate of 7%. increasing to $73,050.60 in 2025 with a cap rate of 7.3% with rent escalations. Property is on a land lease with the Greater London International Airport Authority having a term of forty years and expiring on March 14, 2059. Monthly payment is $651.95.The Airport Authority will usually grant the Buyer with a new forty year lease at the time of sale. Seller with provide secondary financing up to $200,000.00 at below market rates. Copy of current rent roll, operating expenses, land lease and site plan available upon request. (id:2471)

Location DescriptionLocated off of Crumlin Road at the London International Airport.

Property Details
  • Property Address:2469 AVIATION Lane, London, Ontario, N5V3Z9
  • Property Type:Other
  • Title:Leasehold
  • Acreage:1/2 - 1.99 acres
  • Sewage Type:Municipal sewage system
  • Water Type:Municipal water
  • Access:Road access
  • Parking Space Total:35
Structure Details for 2469 AVIATION Lane, London, Ontario, N5V3Z9
  • Building Age:1998
  • Heating Type:Natural gas, Forced air, Radiant heat
  • Style:Detached
  • Storeys:2
  • Flooring:Carpeted, Ceramic, Laminate
  • Basement Type:None
  • Foundation Type:Poured Concrete
  • Cooling Type:Central air conditioning
Amenities for 2469 AVIATION Lane, London, Ontario, N5V3Z9 Paved driveway, Country residential
  • Amenities Nearby:Airport
Representative
Kelley Schroeyers portrait
Kelley Schroeyers
Sales Representative
BAILE REALTY INC., BROKERAGE
Cell: 519-381-1790
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2469 AVIATION Lane, London, Ontario, N5V3Z9

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