For Lease · Industrial

8-9 - 4478 CHESSWOOD DRIVE, Toronto (York University Heights)

8-9 - 4478 CHESSWOOD DRIVE, Toronto (York University Heights), ON M3J2B9

$19.95 per sq ft / yr

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Asset Class

Industrial

Size

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Building class

C

Zoning

IB — Industrial Business

$ / SF

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Occupancy

84%

Clear height

32 ft

Loading docks

1

About this property

Excellent opportunity to lease a unique industrial/recreational space in the heart of North York. Currently improved as a basketball training facility, the unit features a large open gym area with multiple basketball nets, high ceilings, wall padding and excellent natural light. The open layout provides flexibility for a variety of recreational, fitness, training or other permitted uses. Well-maintained, professionally managed complex with ample on-site parking and excellent access to Allen Road, Finch Avenue, Highways 401, 400 and 407, public transit and nearby amenities. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$20
Down payment30% · $6
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$-0

Cash-on-cash

-4.44%

DSCR

0.76

Going-in cap

4.21%

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

114,252

Households

39,637

Median income

$136,500

Median age

41.6

Daytime population

144,725

5-yr growth

4.8%

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

Secure deal room

Confidential diligence documents for 8-9 - 4478 CHESSWOOD DRIVE, Toronto (York University Heights).

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.