For Lease · Industrial

1 - 501 ALDEN ROAD, Markham (Milliken Mills West)

1 - 501 ALDEN ROAD, Markham (Milliken Mills West), ON L3R3L4

$15 per sq ft / yr

2,735 SF

Asset Class

Industrial

Size

2,735 SF

Building class

C

Zoning

IM — Medium Industrial

$ / SF

$0

Occupancy

87%

Clear height

35 ft

Loading docks

7

About this property

Turnkey Sublease Opportunity In A Prime Markham Location. Combined Corner Units 1 And 2 With Upgraded Executive Office/Showroom Space And Functional Warehouse Area With 20-Foot Clear Ceilings And Mezzanine. Premium Improvements Create A Polished Environment With Ample Parking And Convenient Access To Highways 407 And 404. Sublease Expires November 30, 2028. Additional Term Available For Certain Tenants. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$15
Down payment30% · $5
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$0

Cash-on-cash

0.86%

DSCR

1.05

Going-in cap

5.80%

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.

Rent roll (estimated)

TenantAreaExpiry
Northbridge Logistics2,366 SF2032-05

Area demographics

Trade area within 3 miles of the property.

Population

93,033

Households

35,869

Median income

$62,500

Median age

35.4

Daytime population

99,265

5-yr growth

5.8%

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

Secure deal room

Confidential diligence documents for 1 - 501 ALDEN ROAD, 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.