Fully Renovated Commercial Unit in the Heart of South Etobicoke, at the base of 389 Unit Nautilus Condo. Offered 100% Vacant, Perfect For an End User/ Investor. Extremely high 26′ ceilings. NEW: HVAC, floors, washrooms and lots of plumbing for professional/ medical/ service based uses. Potential to add mezzanine space. Demised as over 12 private offices/ treatment rooms, with 2 washrooms, 2 showers, laundry vestibules, and kitchenette. Turn key space for various types of retails, office or medical service uses. Large visitor parking area in the building, anchored by Rabba Grocery Store. Building has excellent truck level shipping and receiving direct to the rear of the unit. Bonus basement crawl space for easy access to plumbing/ improvements. Seconds from the Gardiner/ QEW with abundant parking and high vehicle/ foot traffic and large signage. Previously a very successful physiotherapy unit. Owner is retiring. Business available but not mandatory. Turnkey space suitable for a wide variety of uses/ tenants. Potential 6.8% + Cap Rate for investors. Economical space for end users. Preferred closing date of Feb 2025, offering mutually beneficial timing for financing. Potential for a business/asset JV with current owners. Carefree Investment Opportunity in the Heart of South Etobicoke’s Parklawn & Lakeshore hub. 100% leased to multi-location corporate Physiotherapy Clinic on a NET NET NET basis for a strong 10 year term. Excellent financial covenant & tenant track record with corporate guarantee. $102,000 Year 1 NOI escalating up to $120,000 by y10. 5.7% going in cap rate (at asking price) with annual rental growth.
