Business For Sale · Retail

1 B03 - 7215 GOREWAY DRIVE, Mississauga (Malton)

1 B03 - 7215 GOREWAY DRIVE, Mississauga (Malton), ON L4T2Y9

$389,000 total

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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

96%

About this property

Beautiful, fully renovated commercial unit with a large and spacious layout located in Westwood Mall, Mississauga. This ground-floor unit is in a busy and well-established mall with plenty of customer traffic and ample parking. The location is easy for customers and visitors to access, making it ideal for retail, office, or other business use. The unit is ready for your business needs and is surrounded by other established businesses. Whether you are looking to open a new shop, office, or expand your business, this is a great opportunity in a convenient and busy location. Condo fess include Heat, Building insurance. (id:66811)

Financial sandbox

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Estimate
Purchase price$389K
Down payment30% · $117K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$25K

Annual cash flow

$4K

Cash-on-cash

3.24%

DSCR

1.18

Going-in cap

6.51%

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

106,543

Households

41,095

Median income

$96,000

Median age

31.3

Daytime population

151,888

5-yr growth

6.7%

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

Secure deal room

Confidential diligence documents for 1 B03 - 7215 GOREWAY DRIVE, Mississauga (Malton).

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.