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Southwestern ON Medical Arts Development

Discussion in 'Ontario' started by JEM Real Estate, Dec 1, 2017.

  1. JEM Real Estate

    JEM Real Estate New Forum Member REIN Member

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    Medical Arts Building w/ extra parking (optional paid parking)

    * Size: 3.8 acres
    * Asking: $3.5 mil
    * Shovel ready with all permits in place
    * 45,000 sq ft building - blueprints and drawings included
    * Top rated builder available to offer a turn key investment for $6.770 mil
    * Conduized - can sell sections of the building (pharmacy, walkin clinic, etc) which could pay for the entire project
    * Imaging license also available (very rare) for $1.5 mil - should pay for itself within a year or two
    * Can apply for MRI license if imaging is purchased
    * This site is directly across the street from the newly built area hospital (front entrance)
    * Currently, there is little to no off-site rental space available w/ medical tenants lining up.
    * There are pharmacists who have approached the vendor offering 200k for a guaranteed lease in the new facility, once built.
    * This land offering is at the front of a one -road access to a larger available 18 acre lot also for sale - zoned (pristine) commercial.

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