SHERWIN PARK INDUSTRIAL CONDO PROPERTY
- Industrial complex located adjacent to the James A Richardson International Airport
- Located within CentrePort Canada, North America’s largest tri-modal inland port
- Centrally located with close proximity to major transportation routes
- Ideal space for manufacturing, wholesale and distribution users
- Units starting at (+/-) 2,200 sq ft.
- Flexible bay sizes
OWNING VS. LEASING YOUR INDUSTRIAL SPACE
There are various reasons why owning your space is beneficial as opposed to leasing. The information below describes the benefits of becoming an owner of your industrial space.
By investing in real estate, you will be able to create equity.
Rental hikes will not be a concern and mortgage rates are currently fairly stable.
You Help Decide Management Fees
Decided by the condo board which you can elect to be a part of and participate in annual meetings.
Upgrades Add Value
Improvements completed will increase the value of your investment, thus increasing the equity value.
Long Term Benefits
Property becomes an investment under your control, giving you an option to sell with or without your business or rent to a user for additional income.
No Value Generated
While renting, you cannot create equity through property, so no long term economic benefits are attained.
Rental hikes are beyond your control and left to the Landlord and market to decide.
Management Fees Decided For You
Controlled by the Landlord/Management company, beyond your control.
Improving Space Adds Cost
Improvements become part of the space resulting in possible rent increase.
No Value Carried Forward
No economic benefits will be carried forward once the lease ends and you no longer occupy the unit.
CentrePort Canada, North America’s largest tri-modal inland port, offering 20,000 acres of high-quality, affordable industrial land and unique access to tri-modal transportation, including three Class I railways (Canadian National, Canadian Pacific, and BNSF Railway), a 24/7 global air cargo airport and an international trucking hub.