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$ 765,000
Est. payment /mo
Active
264 MacKenzie Street Sudbury, ON P3C4Y6
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS® Listing ID 2119651
Originating Board Sudbury Real Estate Board
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. (id:24570)
Location
Province ON
Interior
Heating High-Efficiency Furnace
Flooring Hardwood, Vinyl
Exterior
Parking Features Yes
Fence Fenced yard, Partially fenced
View Y/N No
Roof Type Unknown
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by REALTY EXECUTIVES OF SUDBURY LTD, BROKERAGE