156 Willmott St

This brand new light industrial opportunity is ideal for expanding your portfolio with this 4.09 acre site in Cobourg's, Lucas Point Industrial Park. This 40,000 sq ft (Phase 1) pre-finished metal industrial building has site plan approval and is construction ready pending permits. Current owner willing to lease back up to 15000 sq ft and provide a VTB up to 95% under certain terms and conditions for approved buyers. The site is pre-approved for additional 18,000 sq ft building (Phase 2), with the potential of up to 10 - 1800 sq ft units. Phase 1 construction will include much of the site prep for Phase 2 minimizing future buildout costs. Whether you are looking to accommodate your existing business or expand your real estate investment holdings, this property may be a great fit. Easy access to the 401. Projected Phase 1 completion is late 2024.