28 - 35 WEST PEARCE STREET, Richmond Hill (Beaver Creek Business Park)28 - 35 WEST PEARCE STREET, Richmond Hill (Beaver Creek Business Park) — photo 228 - 35 WEST PEARCE STREET, Richmond Hill (Beaver Creek Business Park) — photo 328 - 35 WEST PEARCE STREET, Richmond Hill (Beaver Creek Business Park) — photo 428 - 35 WEST PEARCE STREET, Richmond Hill (Beaver Creek Business Park) — photo 528 - 35 WEST PEARCE STREET, Richmond Hill (Beaver Creek Business Park) — photo 628 - 35 WEST PEARCE STREET, Richmond Hill (Beaver Creek Business Park) — photo 728 - 35 WEST PEARCE STREET, Richmond Hill (Beaver Creek Business Park) — photo 828 - 35 WEST PEARCE STREET, Richmond Hill (Beaver Creek Business Park) — photo 928 - 35 WEST PEARCE STREET, Richmond Hill (Beaver Creek Business Park) — photo 1028 - 35 WEST PEARCE STREET, Richmond Hill (Beaver Creek Business Park) — photo 1128 - 35 WEST PEARCE STREET, Richmond Hill (Beaver Creek Business Park) — photo 1228 - 35 WEST PEARCE STREET, Richmond Hill (Beaver Creek Business Park) — photo 13
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Business For Sale · Industrial

28 - 35 WEST PEARCE STREET, Richmond Hill (Beaver Creek Business Park)

28 - 35 WEST PEARCE STREET, Richmond Hill (Beaver Creek Business Park), ON L4B3A9

$949,000 total

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Asset Class

Industrial

Size

—

Building class

A

Zoning

IL — Light Industrial

$ / SF

—

Occupancy

87%

Clear height

30 ft

Loading docks

6

About this property

Well-located 1,649 sq ft office/warehouse condo unit in the prestigious Beaver Creek BusinessPark, Richmond Hill. Approx. 95% finished office space: glass vestibule entrance, reception, 5private offices, showroom/boardroom and large kitchenette, with porcelain tile and laminatefloors. Rear warehouse with drive-in loading door, 16 ft clear height and metal storage racks.Handicap-accessible washroom, wired for internet, A/C and sprinklered. MC-1 zoning allows awide range of office, professional, wholesale and light industrial uses (buyer to verifypermitted use). Outside signage and ample surface parking. Minutes to Hwy 7, 404 and 407 andpublic transit. An excellent opportunity for owner-users and investors alike. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$949K
Down payment30% · $285K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$47K

Annual cash flow

$-5K

Cash-on-cash

-1.92%

DSCR

0.90

Going-in cap

4.97%

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

68,288

Households

23,793

Median income

$73,500

Median age

40.5

Daytime population

88,981

5-yr growth

3.6%

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

Secure deal room

Confidential diligence documents for 28 - 35 WEST PEARCE STREET, Richmond Hill (Beaver Creek Business Park).

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.