ON > Greater Sudbury > Sudbury
Greater Sudbury, ON P3C 4Y6,264 Mackenzie ST
Greater Sudbury, ON P3C 4Y6,264 Mackenzie ST
Greater Sudbury, ON P3C 4Y6,264 Mackenzie ST
Greater Sudbury, ON P3C 4Y6,264 Mackenzie ST
Greater Sudbury, ON P3C 4Y6,264 Mackenzie ST
Greater Sudbury, ON P3C 4Y6,264 Mackenzie ST
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Mahesh Khatri

Mahesh Khatri

+1(416) 464-6568
$ 745,000
Est. payment | /mo

7,276 SqFt

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$ 745,000
Est. payment | /mo
Save

7,276 SqFt

Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Square Footage 7,276 sqft

Price per Sqft $102

Subdivision Sudbury

MLS Listing ID X11823823

Building Age 51-99

Annual Tax Amount $7,108

Tax Year 2023

Property Sub-Type Commercial Retail

Property Description

NET OPERATING INCOME $68,551 GENERATING A 9% 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 has installed an artificial grass surface and playground structures throughout the playground area at the projected expense of $300,000. The tenant also contributed 50% of the expense of the two new furnaces and air conditioners that 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. **EXTRAS** **INTERBOARD LISTING: SUDBURY REAL ESTATE BOARD**

Location

Province ON

County Greater Sudbury

Community Sudbury

Area Greater Sudbury

Zoning Institutional

Interior

Cooling Yes

Inclusions Range, Dishwasher, 2 Furnaces (2020), 2 Air Conditioners (2020)

Exterior

Community Features Public Transit

Utilities Available Yes

Lot Frontage 121.99

Lot Depth 59.66

Others

Security Features Yes

Listed by REALTY EXECUTIVES OF SUDBURY LTD.
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(416) 464-6568

mkhatri.teammahesh@gmail.com

7885 Tranmere Dr Unit 1, Mississauga, Ontario, L5S1V8, CAN

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264 Mackenzie ST