1/1817 - 95 ROYAL CREST COURT, Markham (Milliken Mills West)
17 - 95 ROYAL CREST COURT, Markham (Milliken Mills West), ON L3R9X5
Price on request
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Asset Class
Industrial
Size
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Building class
B
Zoning
IB — Industrial Business
$ / SF
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Occupancy
91%
Clear height
31 ft
Loading docks
5
About this property
PRIME WAREHOUSE SPACE FOR SUBLEASE! AVAILABLE IMMEDIATELY! Excellent opportunity to sublease a clean and well-maintained 1,274 sq. ft. warehouse unit in a convenient location with easy access to Highways 404 and 407. Currently used as a builder's showroom, the existing setup will be dismantled, and the premises will be delivered in shell condition by the current tenant. Features include a drive-in door, separate rear access, one washroom, and ample parking. Ideal for a variety of permitted clean commercial and warehouse uses. Current monthly rent is $2,548 plus TMI of $10.94 per sq. ft. annually. Existing master lease expires September 30, 2027, with a 5-year renewal option. Incoming tenant may assume the existing lease or negotiate a new lease, subject to landlord's approval. No food-related businesses or woodworking permitted. Clean uses only. Immediate possession available! (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$7K
Projected NOI
$77K
Annual cash flow
$-6K
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
68,769
Households
32,007
Median income
$111,000
Median age
44.7
Daytime population
73,381
5-yr growth
6.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 17 - 95 ROYAL CREST COURT, Markham (Milliken Mills West).
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.