For Sale · Industrial

3 - 6741 COLUMBUS ROAD, Mississauga (Northeast)

3 - 6741 COLUMBUS ROAD, Mississauga (Northeast), ON L5T2G1

Price on request

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Asset Class

Industrial

Size

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Building class

A

Zoning

IL — Light Industrial

$ / SF

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Occupancy

91%

Clear height

30 ft

Loading docks

4

About this property

E3 zoned industrial unit allowing many permitted uses in the most desirable and busy location in Mississauga. Located near major highways 401 and 403, as well as in close proximity to the airport, this transportation hub offers unparalleled connectivity. Currently the unit is owned and operated by the landlord for a licensed car mechanic. Landlord is willing to sell the equipment in the shop along with leasing the unit. Unit is also listed for sale either with or without the equipment. Unit has a permitted mezzanine. Unit can be used for many other purposes. Tenant to pay gross rent + TMI (Taxes, Maintenance and Tenant Insurance) + HST. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$77K

Annual cash flow

$-6K

Cash-on-cash

-1.26%

DSCR

0.93

Going-in cap

5.16%

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

142,778

Households

67,483

Median income

$92,500

Median age

41.8

Daytime population

182,615

5-yr growth

5%

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

Secure deal room

Confidential diligence documents for 3 - 6741 COLUMBUS ROAD, 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.