For Lease · Retail

44B - 4000 STEELES AVENUE W, Vaughan (Steeles West Industrial)

44B - 4000 STEELES AVENUE W, Vaughan (Steeles West Industrial), ON L4L4V9

$15 per sq ft / yr

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Asset Class

Retail

Size

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Building class

C

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

83%

About this property

This is a perfect opportunity to secure a retail like unit with a face onto Steeles, without the main street retail price tag. Well located space in the heart of Vaughan's business park. Close to the 400 and the 427 highways. Total of 2203 sq ft (247 sq ft of which is proportioned common area). Has direct entrance from the front (South) side of the building for customers and deliveries. All parking at the building are common and there is ample parking at front, side and rear. Operating expenses includes taxes, maintenance, insurance, heat, hydro, AC. Owner is looking for a long term tenant for a minimum of 5 years. Located near many prominent businesses and public transit. Immediate possession available. Many professional businesses work out of this building. It is cleaned and maintained daily. All offers to have a $1 increase per. There is a separate unit that could be amalgamated with this unit for an extra 1083 sq ft if a business needs more storage space or general space. This is perfect for a clothing store, showroom, or professional office with clients who come into the office. (id:66811)

Financial sandbox

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Estimate
Purchase price$15
Down payment30% · $5
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$-0

Cash-on-cash

-0.03%

DSCR

1.00

Going-in cap

5.53%

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

127,482

Households

44,175

Median income

$86,500

Median age

42.8

Daytime population

114,963

5-yr growth

8.3%

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

Secure deal room

Confidential diligence documents for 44B - 4000 STEELES AVENUE W, Vaughan (Steeles West Industrial).

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.