For Sale · Industrial

1 - 145 ROYAL CREST COURT, Markham (Milliken Mills West)

1 - 145 ROYAL CREST COURT, Markham (Milliken Mills West), ON L3R9Z4

Price on request

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Asset Class

Industrial

Size

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Building class

A

Zoning

IB — Industrial Business

$ / SF

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Occupancy

86%

Clear height

21 ft

Loading docks

12

About this property

Renovated and Upgraded unit in a prime Markham Location. Ground-floor industrial/office condo close to all amenities. Flexible layout with reception, offices, large open area with high ceiling, washroom, and Mezzanine ideal for many business, professional, and light industrial uses. Extras: Light fixtures, window coverings, and hot water tank. Water and parking included. Tenant pays Gas & Hydro. Commercial Tenant Application and Credit Check required. 5% annual rent escalation. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$71K

Annual cash flow

$-12K

Cash-on-cash

-2.69%

DSCR

0.85

Going-in cap

4.74%

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

134,734

Households

54,036

Median income

$79,000

Median age

43.6

Daytime population

121,628

5-yr growth

6.8%

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

Secure deal room

Confidential diligence documents for 1 - 145 ROYAL CREST COURT, Markham (Milliken Mills West).

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.