Property Description
Excellent opportunity to acquire a mixed-use commercial building (medical and professional) spanning 25,892 sq. ft., strategically located on Boulevard Notre-Dame Ouest in Laval, a rapidly growing area.
Transparent and optimized financial performance:
Capitalization Rate (Actual Operations): 7.84%. Stabilized NOI (Adjusted for bank incl. management): $421,254 (Cap Rate: 6.70%). See brochure.
Asset advantage (Zero CapEx anticipated):
Unlike other buildings in this category, over $1.5M has recently been invested in infrastructure and tenant improvements (medical specifications). This ensures exceptionally low operating expenses (OpEx) for the future owner and eliminates post-acquisition surprises.
Resilient tenant profile:
The property boasts a 100% occupancy rate with 18 diversified tenants. The building’s purpose is firmly rooted in the medical and paramedical sector (7 clinics/health specialists), complemented by institutional professional services (non-profits) and business offices. Stability is further reinforced by the recent renewal of all leases for a 3-year term. Telecommunications antennas (Rogers, Vidéotron) provide additional passive income.
Ideally located with immediate access to Highways 15, 13, and 440, this asset represents a prime defensive investment with excellent value appreciation potential.
Contact us to sign a confidentiality agreement (NDA) to obtain the complete rent roll, details of current expenses, environmental phases (1 and 2), and the exhaustive list of $1.5M in improvements.