Business For Sale · Industrial

3 - 237 ROMINA DRIVE, Vaughan (Concord)

3 - 237 ROMINA DRIVE, Vaughan (Concord), ON L4K4V3

Price on request

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Asset Class

Industrial

Size

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Building class

A

Zoning

IM — Medium Industrial

$ / SF

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Occupancy

96%

Lot Size

3900 ac

Clear height

24 ft

Loading docks

1

About this property

Prime Vaughan Commercial Sublease Opportunity! Offering approximately 3,900 sq. ft. of versatile commercial space, featuring 1,800 sq. ft. of ground-level retail/showroom space and 2,100 sq. ft. of professionally built-out office space on the second level. The office area includes at least 6 generously sized offices, 1 boardroom, 2 bathrooms, and a convenient kitchenette. The second level is accessible via 2 separate staircases or an elevator, providing convenience and flexibility. Multiple doors allow for a variety of layout and configuration options to accommodate your business needs. Ideally located in Vaughan, close to major highways with public transit conveniently available at your doorstep. Gross Lease: $9,000/month + HST. TMI included. Tenant responsible for internet and insurance. A fantastic opportunity for businesses seeking a spacious, adaptable, and well-connected commercial location. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$84K

Annual cash flow

$775

Cash-on-cash

0.17%

DSCR

1.01

Going-in cap

5.59%

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

50,655

Households

23,965

Median income

$82,000

Median age

43.4

Daytime population

44,991

5-yr growth

7.5%

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

Secure deal room

Confidential diligence documents for 3 - 237 ROMINA DRIVE, Vaughan (Concord).

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.