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Richard Rutkowski

[email protected] +1(905) 876-6660

$ 8,200,000

Est. payment -/mo

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602 Colby Drive Waterloo, ON N2V 1A2

31,507 SqFt

UPDATED:

01/07/2025 06:25 PM

Key Details

Property Type Commercial

Sub Type Industrial,Building and Land

Listing Status Active

Purchase Type For Sale

Square Footage 31,507 sqft

Price per Sqft $260

MLS Listing ID 40688048

Abv Grd Liv Area 31,507

Originating Board Waterloo Region

Annual Tax Amount $78,723

Lot Size 1.667 Acres

Acres 1.667

Property Sub-Type Industrial,Building and Land

Property Description

602 Colby Drive represents a ±31,507 SF single tenant industrial owner-occupier or investment property in Waterloo. The Property's layout, featuring a dedicated two-story front office space, expansive 20' high ceiling-height manufacturing/ warehouse facility, and an auxiliary upper-level mezzanine storage area, positions it as an attractive proposition for a user-occupier or investors seeking growth potential. The Property boasts abundant power capacity, efficient drive-in and truck-level loading access, and generous on-site parking facilities for both employees and visitors. The facility is currently leased and occupied by Nasarc Technologies on a short-term basis. The Offering presents an enticing owner-occupier or investment opportunity with upside rent potential as the current lease rent is well below market rent.

Location

Province ON

County Waterloo

Area 1 - Waterloo East

Zoning E3-27 (Flexible Industrial)

Direction Colby Drive/Northfield Drive W

Rooms

Basement None

Kitchen 0

Interior

Fireplace No

Exterior

Lot Frontage 200.0

Lot Depth 350.0

Garage No

Building

Lot Description Irregular Lot, Highway Access, Industrial Park, Public Transit, Schools

Faces Colby Drive/Northfield Drive W

Story 2

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 2

Structure Type Brick,Block,Metal/Steel Siding

New Construction No

Others

Senior Community false

Tax ID 222810094

Ownership Freehold/None

Listed by CBRE LIMITED

Richard Rutkowski

License Partner | Broker of Record | License ID: HBRUTKORI

+1(905) 876-6660

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