
1/215 - 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
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)
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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.
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.
Confidential diligence documents for 15 - 2355 DERRY ROAD E, Mississauga (Northeast).
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.