Rare Opportunity to own a newly built 42,000 square foot (approx) airplane hangar on a freehold 2.6 acre property located at the Oshawa Executive Airport (CYOO). Currently rented to 2 aviation use tenants generating approximately 5% cap rate per year on the net income, providing an excellent return on investment. Vacant possession can also be provided with 6 months notice for owner user opportunity. In addition to multiple aviation uses, property also allows for additional uses (Full List Attached) including up to 33% non-aviation related warehousing (Potential to increase percentage of permitted warehousing). 200 feet of rolling automated doors creating an open span of up to 150 feet with clear heights of 31 to 40 feet. Strategic advantage with direct access to 2 taxi ways with runways of 2,654 feet and 4,250 feet (asphalt). This immaculate facility is designed to accommodate a wide range of aircraft!
MLS# | E11945113 |
---|---|
Listing Type | For Sale |
Sub-Type | Resale |
Status | New |
Days On Site | 52 |
Listing Provided By | CENTURY 21 LEADING EDGE REALTY INC. | E11945113 089801 |
Bath(s) | 1 |
---|---|
SQ Feet | 42,335 |
Acreage | 0.97 |
Province | ON |
---|---|
Region | Durham |
City | Oshawa |
Postal Code | L1J 8P5 |
Area | Northglen |
Listing VS Median (In L1J 8P5) | |
Price: $8,850,000 low | high Med: $8,850,000 SqFt: 42,335 low | high Med: 42,335 $ / SqFt: $209 low | high Med: $209 On site: 52 low | high Med: 52.000000 |