Business For Sale · Industrial

1740-B SPRUCEWOOD AVENUE Unit# 2, LaSalle

1740-B SPRUCEWOOD AVENUE Unit# 2, LaSalle, ON N9J0E6

Price on request

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Asset Class

Industrial

Size

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Building class

C

Zoning

IB — Industrial Business

$ / SF

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Occupancy

89%

Clear height

34 ft

Loading docks

2

About this property

Welcome to LA Towns — the next chapter of 1740 Sprucewood Avenue. Located at the high-tra??ic corner of Sprucewood Avenue and Malden Road in the heart of LaSalle, 1740 Sprucewood Avenue has been developed as two distinct condominium communities. 1740-A is LA Suites, completed in 2024 and now fully sold and closed out, while 1740-B is the next phase of the development. Three boutique mixeduse buildings are planned, each with only two ground-floor commercial units and residential condominium suites above. Commercial Unit 1 o??ers approximately 1,088 sq. ft. and Commercial Unit 2 approximately 1,528 sq. ft., with the ability to combine both for a larger footprint. With construction approaching, now is an ideal time to secure your space. Build-to-suit options are available, allowing the landlord to complete a customized build-out during construction and avoid the cost and disruption of retrofitting a finished unit later. The spaces are well suited for retail, medical, professional o??ice, café or restaurant, service-based businesses and other neighbourhood-focused uses. 100+ parking spaces are available just steps from the commercial entrances, with low CAMs providing an additional advantage. Potential outdoor patio space may also be available, depending on use and approvals. A rare opportunity to lease brand-new, customizable commercial space in a high-end mixed-use development with a strong LaSalle location, flexible unit sizes, built-in residential density and exceptional parking. Another development by Brotto Development Corporation and Suburban Construction & Management Ltd. For more information, please visit www.latowns.com. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$75K

Annual cash flow

$-8K

Cash-on-cash

-1.83%

DSCR

0.90

Going-in cap

4.99%

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

46,623

Households

16,862

Median income

$65,500

Median age

40.2

Daytime population

50,590

5-yr growth

3.8%

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

Secure deal room

Confidential diligence documents for 1740-B SPRUCEWOOD AVENUE Unit# 2, LaSalle.

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.