For Sale · Industrial

15 - 2355 DERRY ROAD E, Mississauga (Northeast)

15 - 2355 DERRY ROAD E, Mississauga (Northeast), ON L5S1V6

$1.4M total

—

Asset Class

Industrial

Size

—

Building class

C

Zoning

IL — Light Industrial

$ / SF

—

Occupancy

82%

Clear height

34 ft

Loading docks

7

About this property

Excellent opportunity to own a well-maintained, two-storey commercial condo facing Derry Road. Situated across from Toronto Pearson International Airport and just minutes from the terminals, the property offers excellent visibility along Derry Road and quick access to major highways. The location is well suited to businesses that value a visible address and convenient access for clients, employees, and suppliers.The property features Main Level & 2nd Floor Level within one commercial condo, with a flexible layout that can be reconfigured to accommodate a variety of business needs. The unit is currently leased to two seperate tenants , Main Level & 2nd Floor , generating rental income that helps offset ownership costs. The two level configuration may appeal to an owner-user looking to establish a business on the main level while collecting rent from the upper unit. It also offers investors the benefit of existing rental income and flexibility in how they use or lease the Both levels. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.40M
Down payment30% · $420K
Interest rate6.25%
Amortization25 years
Occupancy82%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$61K

Annual cash flow

$-16K

Cash-on-cash

-3.84%

DSCR

0.79

Going-in cap

4.39%

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

117,978

Households

42,630

Median income

$130,500

Median age

40.5

Daytime population

141,248

5-yr growth

5.1%

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

Secure deal room

Confidential diligence documents for 15 - 2355 DERRY ROAD E, Mississauga (Northeast).

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.