950 Albion Rd - Retail FOR SALE


Toronto, ON M9V 1A7- Mt Olive-Jamestown
$14,888,000 CAD
877-309-4546
950 Albion Rd, Toronto, ON for Sale
$14,888,000 CAD
Retail - FOR SALE
1/6
null | 4.5% Cap Rate

950 Albion Rd
Toronto, ON M9V 1A7
Mt Olive-Jamestown


OVERVIEW

Investment property for sale, 950 Albion RD--Strip plaza/Retail, 2 tenants only. Grow Fitness for sale; tenant #1 Grow Fitness- 13,850 sq. ft plus patio (not calculated extra sq.ft.); tenant #2 Basement is 17,500 sq. ft Basement. Tenant just spent close to 1 million to set up Play Place ( Kids and Adults), Training. Tenants pay HST on top of Rent Lease attached. TMI is $10,500 per $39,500 Net (950 Albion )$15,000 Net ( 960 Albion) = x 12 =$654,000 Tenants pay TMI: Taxes estimated at $ 5 x 14,000 sq. ft = $ 70,000 per year estimate. Utilities , CAM, = $ 4 x 14,000sqft = $ $50,000 per year estimate. Redevelopment potential of 300 units potential on site and main floor retail.

FOR SALE DETAILS

PRICE

$14,888,000 CAD

PRICE/SF

$480 CAD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Lina GueorguievaGoldenDoorMore Info
877-309-4546

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Lina GueorguievaGoldenDoorMore Info
877-309-4546

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.