Commercial/retail

264 Mackenzie St, Greater Sudbury, Ontario P3C 4Y6

QR Code
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**

Basic Details
Property Type : Commercial/retail
Listing Type : For Sale
Listing ID : X11823823
Price : $745,000
Year Built : 0
Lot Area : 0 Sqft
Status : A
Days On Market : 113
Address
Postal Code : P3C 4Y6
City : Greater Sudbury
Street : Mackenzie
Street Number : 264
Street Suffix : St
Floor Number : 0
Longitude : W81° 0' 8.3''
Latitude : N46° 29' 57.1''
Features
Heating System : Gas Forced Air Open
Elevator : Frt+pub
Brokerage
Office Name : REALTY EXECUTIVES OF SUDBURY LTD.
Extra Information
Air Conditioning : Y
Area : Greater Sudbury
living_area : 0
living_area_unit : Sqft
Community : Sudbury
Lease : Sale
Tax Year : 2023
Commercial/retail For Sale
  • Listing ID : X11823823
  • Lot Area : 0 Sqft
  • Visits
$745,000