For Lease · Industrial

UNIT 3 - 50 WEST WILMOT STREET, Richmond Hill (Beaver Creek Business Park)

UNIT 3 - 50 WEST WILMOT STREET, Richmond Hill (Beaver Creek Business Park), ON L4B1M5

$18.5 per sq ft / yr

—

Asset Class

Industrial

Size

—

Building class

A

Zoning

IB — Industrial Business

$ / SF

—

Occupancy

82%

Clear height

25 ft

Loading docks

6

About this property

Rare Assignment Opportunity to Take Over a Clean, Renovated 4,041 Sq. Ft. Industrial Unit Near Leslie St. & Highway 7, Just 7 Minutes from Highways 407 & 404. Features 45% Office/Showroom Space and 55% Warehouse Space, 4 Private Offices, Separate Washrooms, 18 Ft. Clear Height, Skylights, One Truck-Level Shipping Door, Excellent Shipping and Ample Parking. Clean Uses Only. Lease Assignment Through June 30, 2028, Subject to Landlord Approval. Occupancy Available in 2 Months. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$19
Down payment30% · $6
Interest rate6.25%
Amortization25 years
Occupancy82%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$-0

Cash-on-cash

-3.70%

DSCR

0.80

Going-in cap

4.43%

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

92,954

Households

34,757

Median income

$129,500

Median age

40.3

Daytime population

110,609

5-yr growth

4.6%

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

Secure deal room

Confidential diligence documents for UNIT 3 - 50 WEST WILMOT STREET, Richmond Hill (Beaver Creek Business Park).

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.