2469 Aviation Lane, London, ON, N5V 3Z9
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.
- Property Address: 2469 Aviation Lane, London, ON, N5V 3Z9
- Property Type: Commercial Sale
- Zoning Description: GI1(4)
- Sewage Type: Sewer (Municipal)
- Water Type: Municipal-Metered
- Total Parking Spaces: 35
- Waterfront Type: false
- Maintenance Fee: 0.00
- Storeys: 2
- Building Age: 1998
- Basement Type: None
- Cooling: Central Air
- Flooring: Carpet, Ceramic Tile, Laminate
- Foundation Type: Carpet, Ceramic Tile, Laminate
- Structures: Building Only
- Doors 10-15 ft
- Ample Parking
- In/Out Parking
Listing Office: RE/MAX CENTRE CITY REALTY INC., BROKERAGE
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