6 & 7 - 665 MILLWAY AVENUE, Vaughan (Concord)

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For Sale · Industrial

6 & 7 - 665 MILLWAY AVENUE, Vaughan (Concord)

6 & 7 - 665 MILLWAY AVENUE, Vaughan (Concord), ON L4K3T8

$2.6M total

—

Asset Class

Industrial

Size

—

Building class

Zoning

IM — Medium Industrial

$ / SF

—

Occupancy

92%

Clear height

20 ft

Loading docks

About this property

Ability To Combine Two Side-by-Side Industrial Units. Rare, Clean, Vacant, White Boxed Industrial Condo. Two 12'x11' Receiving Doors, Upgraded 400 Amp / 600 Volt, 3 Phase Service, Rooftop 3-Ton HVAC Heating & Cooling Unit For Warehouse, Equipped With Infrared Radiant Heating. RTU Future Curb In Place For Office/Showroom Area. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate

Purchase price$2.58M

Down payment30% · $773K

Interest rate6.25%

Amortization25 years

Occupancy92%

Expense growth2.5%

Monthly debt service

$12K

Projected NOI

$129K

Annual cash flow

$-14K

Cash-on-cash

-1.79%

DSCR

0.90

Going-in cap

5.00%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

84,190

Households

34,815

Median income

$113,500

Median age

33.9

Daytime population

101,368

5-yr growth

8.4%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 6 & 7 - 665 MILLWAY AVENUE, Vaughan (Concord).

NDA required

Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.