264 Mackenzie St, Greater Sudbury, Ontario P3C 4Y6

  • $795,000
264 Mackenzie St, Greater Sudbury, Ontario P3C 4Y6
Active
264 Mackenzie St, Greater Sudbury, Ontario P3C 4Y6
  • $795,000

Overview

Property ID: X8273952
  • Commercial Sale, Retail
  • Property Type
  • 7276
  • Sqft

Description

NET OPERATING INCOME $79,420 GENERATING A 10% CAP RATE. Not For Profit Child Care with a Government supported Tenant on along term lease. This property is located in the heart of downtown Sudbury. The Tenant at their own expense will be installing an artificial grass surface and playground structures throughout the playground area in the Spring at their projected expense of $300,000.The tenant also contributed 50% of the expense of the two new furnaces and air conditioners were installed in 2020. The tenant is committed to this property as they also invested $300,000 in leasehold improvements when they moved in. This is a turnkey operation which is fully operational. The tenant all through the pandemic was always able to meet their financial lease obligations and continue todo so.

  • Address 264 Mackenzie St
  • City Greater Sudbury
  • State/county Ontario
  • Zip/Postal Code P3C 4Y6
  • Area Sudbury

Details

Updated on April 26, 2024 at 11:09 am
  • Property ID: X8273952
  • Price: $795,000
  • Property Size: 7276 Sqft
  • Garage Size: x x
  • Property Type: Commercial Sale, Retail
  • Property Status: Active
  • MLS#: X8273952

Additional details

  • Heating: Gas Forced Air Open
  • County: Greater Sudbur
  • Property Type: Commercial Sale
  • Parking: Single Detached

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