For Sale · Industrial

A2 - 2370 MIDLAND AVENUE E, Toronto (Agincourt South-Malvern West)

A2 - 2370 MIDLAND AVENUE E, Toronto (Agincourt South-Malvern West), ON M1S5C6

$459,000 total

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Asset Class

Industrial

Size

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Building class

B

Zoning

IL — Light Industrial

$ / SF

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Occupancy

98%

Clear height

23 ft

Loading docks

4

About this property

Fantastic opportunity to own an approx. 975 sq ft commercial/industrial unit in one of Scarborough's most desirable industrial hubs. Located near Midland & Sheppard, this well-maintained space is ideal for a wide range of business uses. Property Features functional layout with front and back workspace or can be converted to open layout Includes a 3-piece bathroom for staff convenience, two dedicated parking spaces. Potential for mezzanine expansion (subject to approval)/ Currently operating as a dental lab with a wide range of permitted uses. Great location with easy access to Highway 401, TTC, and local amenities. (id:66811)

Financial sandbox

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Estimate
Purchase price$459K
Down payment30% · $138K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$31K

Annual cash flow

$5K

Cash-on-cash

3.68%

DSCR

1.20

Going-in cap

6.65%

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

71,047

Households

28,546

Median income

$111,500

Median age

33.8

Daytime population

61,918

5-yr growth

8.7%

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

Secure deal room

Confidential diligence documents for A2 - 2370 MIDLAND AVENUE E, Toronto (Agincourt South-Malvern 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.