$745,000
Last price change Feb 4
264 Mackenzie Street, Greater Sudbury, ON P3C 4Y6
Property Description
Property type
Commercial Retail
Lot size
N/A
Style
Approx. Area
7276 Sqft
About 264 Mackenzie Street
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**
Home Overview
Last updated
Feb 14
Virtual tour
None
Basement information
Building size
7276
Status
In-Active
Property sub type
Commercial Retail
Maintenance fee
$N/A
Year built
--
Additional Details
Price Comparison
Location

Angela Yang
Sales Representative, ANCHOR NEW HOMES INC.
MORTGAGE INFO
ESTIMATED PAYMENT
Some information about this property - Mackenzie Street

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