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For Sale · Industrial

7 - 665 MILLWAY AVENUE, Vaughan (Concord)

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

$1.3M total

—

Asset Class

Industrial

Size

—

Building class

A

Zoning

IM — Medium Industrial

$ / SF

—

Occupancy

95%

Clear height

18 ft

Loading docks

6

About this property

Rare, Clean, Vacant, White Boxed Industrial Unit, 2,223 Sq Ft., 18 Ft Clear Height, 12'x11' Receiving Door, RTU Future Curb In Place For Office/Showroom Area, Rooftop 3-Ton HVAC Heating & Cooling Unit For Warehouse, Equipped With Infrared Radiant Heating. Rare Ability To Combine with Neighbouring Unit For Combined Square Footage Of 4,485 Sq Ft. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.29M
Down payment30% · $387K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$67K

Annual cash flow

$-5K

Cash-on-cash

-1.26%

DSCR

0.93

Going-in cap

5.16%

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

55,068

Households

21,303

Median income

$125,000

Median age

34.8

Daytime population

60,284

5-yr growth

8.6%

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

Secure deal room

Confidential diligence documents for 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.