For Sale · Industrial

499 MCNICOLL AVENUE, Toronto (Hillcrest Village)

499 MCNICOLL AVENUE, Toronto (Hillcrest Village), ON M2H2C9

Price on request

4,187 SF

Asset Class

Industrial

Size

4,187 SF

Building class

A

Zoning

IM — Medium Industrial

$ / SF

—

Occupancy

95%

Clear height

22 ft

Loading docks

9

About this property

Due to Retirement, Excellent Opportunity for a Sublease of a Great Unit with a Great Functional Layout In A Clean Building. This End Unit Features Ample Parking And 1 Truck Level Shipping Door. The Warehouse Space Is Open With Large Windows with Lots of Natural Light & a side door. Existing Office Layout Can Be Altered To Suit Several Uses. The unit has 2 offices and a showroom. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$83K

Annual cash flow

$-511

Cash-on-cash

-0.11%

DSCR

0.99

Going-in cap

5.51%

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.

Rent roll (estimated)

TenantAreaExpiry
Meridian Health Group2,029 SF2033-05
Meridian Health Group994 SF2033-05
Meridian Health Group967 SF2033-05

Area demographics

Trade area within 3 miles of the property.

Population

98,389

Households

40,312

Median income

$78,500

Median age

42.9

Daytime population

83,729

5-yr growth

7.4%

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

Secure deal room

Confidential diligence documents for 499 MCNICOLL AVENUE, Toronto (Hillcrest Village).

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.