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A very rare opportunity to acquire a positive cash flowing investment property with a long history of providing income. The property consists of approx 1.38 acres of inner city land containing a large warehouse that has been converted into 207 storage units, 6 industrial units (with loading bays) a U-Haul business and external storage. The type of investment does not come around around very often. The business is turn-key and comes with qualified employees who would enable a mostly hands off type of investment. Recent improvements include upgraded fire coding (compliant and recently inspected), internal creation and optimization of further storage units. The occupancy rates for 2017 92-97%. Pls include attached Sch B with all offers. LEGAL DESCRP CONT: BEING PT 2, PL 51R39547 CITY OF ORILLIA (id:10452)

Property Details

Property Type Business
Square Feet
Maintenance N/A
Lot Dimensions 1.38 ac|1/2 - 1.99 acres
Pool N/A
Area Orillia
Air Conditioning None
Heating - Forced air
Parking Spaces 10
Parking Type No Garage
Sewers Sanitary sewer
Water Municipal water

Listing Office: Keller Williams Experience Realty, Brokerage

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