632 Colby Drive is a 16,000 SF multi-tenant industrial property offering nine individually metered units ranging from 1,000 to 4,000 sq. ft. Constructed in the mid-1980s, each unit features 16 ft clear ceiling height, one to two drive-in doors per unit, upgraded electrical panels and transformers, and many include mezzanine storage. The property generates a NOI of approximately $293,000, providing stable cash flow for investors. Additional highlights include a clean Phase II ESA, a quality surveillance system, and 65 on-site parking stalls. Situated just off Northfield Drive with direct access to Highway 8, this turnkey asset combines strong financial performance with an excellent location in Waterloo’s established industrial corridor.
COUPAL MARKOU COMMERCIAL REAL ESTATE INC.
$5,120,000
632 Colby Drive, Waterloo, Ontario
0 Bedrooms
16000 Sqft
Property
MLS® Number: 40768944
Address: 632 Colby Drive
City: Waterloo
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