For Lease · Retail

40 BEVERLY HILLS DRIVE, Toronto (Downsview-Roding-CFB)

40 BEVERLY HILLS DRIVE, Toronto (Downsview-Roding-CFB), ON M3L1A1

Price on request

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Asset Class

Retail

Size

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Building class

B

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

84%

About this property

Retail Unit with high ceilings for lease in a well maintained plaza. Prime location with other large National brands in walking distance - Winners, Walmart, Nofrills, Food Basics, Dollarama, Burger King, Wild wings and many more. Close to large residential neighbourhood, amenities, indoor skating and hockey arena. Minutes from Highway 401 & 400. Two entrances to the plaza: Wilson ave and Beverly Hills drivel with ample parking. Currently used as an Apparel store with over 5 decades of regular loyal clients. Property has ample natural light. Current Apparel, clothing, shoes and accessory store owner retiring and will be happy to sell the inventory to potential future tenant. Current Use can be changed and for the right tenant the premises can be divided and smaller unit can be offered. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$68K

Annual cash flow

$-15K

Cash-on-cash

-3.26%

DSCR

0.82

Going-in cap

4.56%

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

101,267

Households

47,454

Median income

$126,000

Median age

32.9

Daytime population

94,575

5-yr growth

2.7%

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

Secure deal room

Confidential diligence documents for 40 BEVERLY HILLS DRIVE, Toronto (Downsview-Roding-CFB).

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.