For Sale · Retail

25 - 3460 PLATINUM DRIVE, Mississauga (Churchill Meadows)

25 - 3460 PLATINUM DRIVE, Mississauga (Churchill Meadows), ON L5M7N4

$1.7M total

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Asset Class

Retail

Size

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Building class

C

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

86%

About this property

RIDGEWAY PLAZA! Absolutely Amazing & Rare Unit For Sale in One of the 4 Plaza Strips Along Platinum Drive. Own a Piece of one of the Hottest Plazas in the GTA in One of the Most Sought After and Best Locations. Outstanding Exposure and All of the Most Top Tier Businesses & Restaurants are Located Here. Parking Lot is Always Full in this Location. In This Location is Where all the Action is Happening, and it is Hard to Get a Spot Here. The Unit is Equally Visible from Platinum Drive & From the Main Parking Lot Driveway, For Best of Both Worlds for Exposure. Hundreds of Thousands of Dollars has Been Poured into The Unit as Leasehold Improvements. Overly Spacious 1021 Sqft Rectangular Shape for Ultimate Efficiency. You will Get to be the Landlord to one of the Newest and Hottest Tenants with an Active, Successful, and Growing Business. Just Buy, Sit Back & Relax, Enjoy Your Rental Income, and Elevate Your Investment Portfolio with this High Profile Asset that You Will Feel so Happy to Show and Share and Brag to Your Friends, Family and Collogues! Many of the Other Units are Located in Blocked Off Areas with No Exposure, Not so Great Neighbors, and Away from all the Action - But Not this Unit! It is in the Centre of All the Action! You Should See it For Yourself. Don't Miss Out on Something Like this, it Doesn't Come Knocking Often, Get a Good Piece of the Pie Before It's Too Late, and Join One of the Most Prestigious Club of Owners of RIDGEWAY PLAZA! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.70M
Down payment30% · $510K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$8K

Projected NOI

$78K

Annual cash flow

$-16K

Cash-on-cash

-3.16%

DSCR

0.83

Going-in cap

4.59%

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

102,588

Households

38,124

Median income

$100,000

Median age

45.4

Daytime population

107,646

5-yr growth

8.6%

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

Secure deal room

Confidential diligence documents for 25 - 3460 PLATINUM DRIVE, Mississauga (Churchill Meadows).

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.