264 Mackenzie Street Sudbury, Ontario P3C 4Y6
$885,000
NET OPERATING INCOME $79,420 GENERATING A 9.0% 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 will be installing an artificial grass surface and playground structures throughout the playground area in the Spring at their projected expense of $300,000. The tenant also contributed 50% of the expense of the two new furnaces and air conditioners 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:55198)
Business
| Business Type | Retail and Wholesale |
| Business Sub Type | Business |
Property Details
| MLS® Number | 2113869 |
| Property Type | Other |
| Equipment Type | None |
| Rental Equipment Type | None |
| Storage Type | Outside Storage |
Building
| Amenities | Air Conditioning |
| Exterior Finish | Brick |
| Fire Protection | Alarm System, Controlled Entry, Fire Alarm System |
| Flooring Type | Hardwood, Vinyl |
| Foundation Type | Block, Concrete |
| Heating Type | High-efficiency Furnace |
| Roof Material | Asphalt Shingle |
| Roof Style | Unknown |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| Attached Garage | |
| Parking Space(s) |
Land
| Acreage | No |
| Fence Type | Fenced Yard, Partially Fenced |
| Sewer | Municipal Sewage System |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | I |
https://www.realtor.ca/real-estate/26202963/264-mackenzie-street-sudbury
Interested?
Contact us for more information
Gary Doyle
Salesperson
(705) 586-3324
https://www.realtyexecutives.com/agents/gary-doyle
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251 Regent Street
Sudbury, Ontario P3C 4C6
(705) 586-3334
(705) 586-3324
realtyexecutivessudbury.com
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October 23 2023 05:11:01
Sudbury Real Estate Board
Realty Executives Of Sudbury Ltd, Brokerage