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Home ON Greater Toronto Area Milton 401 Business Park
604 MCGEACHIE DRIVE S
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604 MCGEACHIE DRIVE S $14,500,000
$14,500,000
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604 MCGEACHIE DRIVE S
Milton (1034 - MN Milton North), Ontario L9T3Y5

MLS® Number: W10430840

Listing Description

MANUFACTURING PLANT Solid / secure Investment for the future.. Excellent opportunity to acquire Industrial building with diverse manufacturing capabilities already installed. Net Leased Industrial building.Substantial investment in building infrastructure. Five year lease with 3 years remaining.Solid Covenant. Tenant is Axalta Coating Systems. Premier global manufacturer of automotive refinishing and repair products. Headquartered in Philadelphia with 2023 sales of 5.5 Billion. 12,700 employees worldwide. Numerous expensive internal improvements made to building to permit manufacture and distribution of industrial automotive coatings. Zoning M-2. 1200 amp /600 volt electrical system..Roof upgraded in 2024. Current Clean Environmental Report available. Replacement cost of building with manufacturing improvements in place far greater than current list price of building. Great upside for future lease rates. A smart investment for the future. Difficult and expensive to duplicate today in close proximity to 400 series highways and experienced labor pool. (38114537)

Location Description

Harrop Dr. And Mcgeachie Dr

Property Summary

Property Type
Industrial
Building Type
Warehouse
Community Name
1034 - MN Milton North
Land Size
271.02 ; 1.9 Acres Irregular
Annual Property Taxes
$77,178.64
Time on REALTOR.ca
133 days

Building

Heating & Cooling
Cooling
Partially air conditioned
Heating Type
Forced air (Natural gas)
Utilities
Water
Municipal water
Business
Business Type
Industrial (Warehouse)

Measurements

Square Footage
32500 sqft

Land

Other Property Information
Zoning Description
M-2
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1
PAUL JOSEPH BORCSOK