For Lease · Retail

44L - 4000 STEELES AVENUE W, Vaughan (Steeles West Industrial)

44L - 4000 STEELES AVENUE W, Vaughan (Steeles West Industrial), ON L4L4V9

$16 per sq ft / yr

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Asset Class

Retail

Size

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Building class

A

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

82%

About this property

Well located FIRST FLOOR space in the heart of Vaughan's business park. Close to the 400 and the 427 highways. Total of 1094 sq ft (971 of unit and 123 sq ft of porportionate building). All parking at the building are common and there is ample parking at front and rear. Operating expenses includes taxes, maintenance, insurance, heat, AC, hydro. Owner is looking for a long term tenant for a minimum of 4 years. Current use of unit was an event space. Located near many prominent businesses and public transit. Possession available for Nov 1. This is perfect for anyone business looking for small office space, event space, social media studio. Many professional businesses work out of this building. It is cleaned and maintained daily. All offers to have a $1 increase per year. First and last with one month security deposit required. Hours of operation are 7 am to 12 am all days of the week. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$16
Down payment30% · $5
Interest rate6.25%
Amortization25 years
Occupancy82%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$-0

Cash-on-cash

-1.39%

DSCR

0.92

Going-in cap

5.13%

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

129,058

Households

57,904

Median income

$92,000

Median age

31

Daytime population

133,437

5-yr growth

5.9%

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

Secure deal room

Confidential diligence documents for 44L - 4000 STEELES AVENUE W, Vaughan (Steeles West Industrial).

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.