1 - 55 WEST BEAVER CREEK ROAD, Richmond Hill (Beaver Creek Business Park)1 - 55 WEST BEAVER CREEK ROAD, Richmond Hill (Beaver Creek Business Park) — photo 2
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For Lease · Industrial

1 - 55 WEST BEAVER CREEK ROAD, Richmond Hill (Beaver Creek Business Park)

1 - 55 WEST BEAVER CREEK ROAD, Richmond Hill (Beaver Creek Business Park), ON L4B1K5

$15.5 per sq ft / yr

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Asset Class

Industrial

Size

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Building class

B

Zoning

IL — Light Industrial

$ / SF

—

Occupancy

94%

Clear height

33 ft

Loading docks

8

About this property

Prime 2,983 Sq. Ft. Corner Showroom Unit In The Highly Desirable West Beaver Creek Business District Of Richmond Hill! Featuring Excellent Frontage Along West Beaver Creek Road, This Prominent Corner Unit Offers Outstanding Street Exposure And Visibility. Boasting An Impressive 16-Ft Clear Height With Open Ceilings, The Spacious, Open-Concept Layout Provides A Versatile Setting For Showroom, Product Display, And Other Permitted Business Uses. Currently Occupied By A Furniture Showroom, The Unit Will Be Delivered Vacant, Offering A Blank Canvas For The Next Occupant To Customize The Space To Suit Their Business Needs. Conveniently Located In An Established Commercial And Industrial Hub, With Easy Access To Highways 404 And 407. Excellent Sub-Lease Opportunity With Approximately Two Years Remaining On The Existing Lease Term. All Uses Subject To Applicable Zoning Regulations And Landlord Approval. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$16
Down payment30% · $5
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$0

Cash-on-cash

1.74%

DSCR

1.09

Going-in cap

6.06%

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

124,325

Households

44,380

Median income

$120,000

Median age

33.8

Daytime population

142,722

5-yr growth

5.5%

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

Secure deal room

Confidential diligence documents for 1 - 55 WEST BEAVER CREEK ROAD, 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.