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950 Albion Rd 31,000 SF 100% Leased Retail Building Toronto, ON M9V 1A7 $13,880,000 CAD ($447.74 CAD/SF) 4.83% Cap Rate
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
31,000 SF
Building Class
B
Year Built
1980
Price
$13,880,000 CAD
Price Per SF
$447.74 CAD
Cap Rate
4.83%
NOI
$671,000 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Frontage
506’ on Albion Road E
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Grow Fitness
- Arts, Entertainment, and Recreation
-
99,999 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Grow Fitness | Arts, Entertainment, and Recreation | 99,999 SF | - | - |
Walk Score®
Very Walkable (79)
NEARBY MAJOR RETAILERS
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950 Albion Rd
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