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$ 765,000
Est. payment | /mo
7,276 SqFt
$ 765,000
Est. payment | /mo
7,276 SqFt
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 7,276 sqft
Price per Sqft $105
MLS Listing ID X11823823
Annual Tax Amount $7,108
Tax Year 2023
Property Description
NET OPERATING INCOME $68,551 GENERATING A 9% CAP RATE. Not For Profit Child Care with a Government supported Tenant on a long-term lease. This property is located in the heart of downtown Sudbury. The Tenant at their own expense has installed an artificial grass surface and playground structures throughout the playground area at the projected expense of $300,000. The tenant also contributed 50% of the expense of the two new furnaces and air conditioners that were installed in 2020. The tenant is committed to this property as they also invested $300,000 in leasehold improvements when they moved in. This is a turnkey operation which is fully operational. The tenant, all through the pandemic was always able to meet their financial lease obligations and continue to do so.
Location
Province ON
County Greater Sudbury
Community Sudbury
Area Greater Sudbury
Zoning Institutional
Region Sudbury
City Region Sudbury
Interior
Cooling Yes
Inclusions Range, Dishwasher, 2 Furnaces (2020), 2 Air Conditioners (2020)
Exterior
Community Features Public Transit
Utilities Available Yes
Others
Security Features Yes
Listed by REALTY EXECUTIVES OF SUDBURY LTD.