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In-PersonVirtual Tour
$ 3,150,000
Est. payment | /mo
6,000 SqFt
$ 3,150,000
Est. payment | /mo
6,000 SqFt
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $525
Subdivision 321 - Longmoor
MLS® Listing ID 40673403
Originating Board Cornerstone - Hamilton-Burlington
Property Sub-Type Freehold
Property Description
GE1 Zoned 6000 sq. ft. building with two tenants with 3000 sq. ft. each. Tenant A Enterprise Car Rental paying $69,000.00 per year net till September 30,2027 with no further options to renew. Enterprise may do a early renewal if purchaser wants an extremely good Tenant otherwise vacant possession of the unit (Enterprise) would be October 1st 2027. Tenant B is paying $63,800/2025, $65,550/2026, $67,500.00/2027 net plus $5.00 T.M.I.. Tenant B has an option to renew for 1- 3 year term at negotiated rates. On a month to month bases Tenant A is paying $24,000 per year for 90% of the rear compound. Net income for 2024 is $156,800.00 (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Exterior
Parking Features No
Community Features High Traffic Area
View Y/N No
Private Pool No
Building
Story 1
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Martel Commercial Realty Inc.