264 MacKenzie Street
264 MacKenzie St, Greater Sudbury, ON P3C 4Y6, CanadaBasics
- Date added: Added 5 days ago
- Category: Retail
- MLS ID: 2113869
Description
-
Description:
NET OPERATING INCOME $79,420 GENERATING A 10% CAP RATE. Not For Profit Child Care with a Government supported Tenant on a long 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 to do so. (id:47005)
Location
Building Details
- Fencing: Fenced yard,Partially fenced
- Flooring: Hardwood,Vinyl
- Roof: Unknown
- Garage Spaces: True
Amenities & Features
- Heating: High-Efficiency Furnace
- Fireplaces Total: 0
- Sewer: Municipal sewage system
Listed by
- List AOR: Sudbury Real Estate Board
- List Agent: GARY DOYLE
- List Office: REALTY EXECUTIVES OF SUDBURY LTD, BROKERAGE
- List Office Phone: (705) 586-3334, (705) 586-3334, (705) 586-3334
- List Office URL: http://realtyexecutivessudbury.com/, https://www.realtyexecutives.com/agents/gary-doyle
Miscellaneous
- More Information Link: https://www.realtor.ca/real-estate/26202963/264-mackenzie-street-sudbury
