For Lease · Industrial

3 - 70 VANLEY CRESCENT, Toronto (York University Heights)

3 - 70 VANLEY CRESCENT, Toronto (York University Heights), ON M3J2B8

Price on request

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Asset Class

Industrial

Size

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Building class

A

Zoning

IM — Medium Industrial

$ / SF

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Occupancy

98%

Clear height

30 ft

Loading docks

7

About this property

Excellent opportunity to lease well maintained industrial unit in the heart of North York. Strategically located near Sheppard and Chesswood which is very close to Highway 401,public transit and nearby amenities. This two level renovated versatile unit features many functional rooms, spacious open industrial area with 18Ft clear, it is a mix of clean warehouse space and finished office. There are variety of permitted uses under EH1 zoning making the space adaptable to diverse business needs. The upstairs area is 1,405SqFt, main floor is 6,312SqFt, convenient ground level shipping door,10 exclusive parking spots. Available for immediate occupancy. The price is Net rent. The tenant will pay as well their own utilities, HST and TMI. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$86K

Annual cash flow

$3K

Cash-on-cash

0.74%

DSCR

1.04

Going-in cap

5.76%

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

44,600

Households

16,498

Median income

$102,000

Median age

32.7

Daytime population

64,719

5-yr growth

2.6%

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

Secure deal room

Confidential diligence documents for 3 - 70 VANLEY CRESCENT, Toronto (York University Heights).

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.