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264 Mackenzie Street Sudbury, Ontario P3C 4Y6

High-Efficiency Furnace

$885,000

NET OPERATING INCOME $79,420 GENERATING A 9.0% 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:46568)

Business

Business Type Retail and Wholesale
Business Sub Type Business

Property Details

MLS® Number 2113869
Property Type Other
Equipment Type None
Rental Equipment Type None
Storage Type Outside Storage

Building

Amenities Air Conditioning
Exterior Finish Brick
Fire Protection Alarm System, Controlled Entry, Fire Alarm System
Flooring Type Hardwood, Vinyl
Foundation Type Block, Concrete
Heating Type High-efficiency Furnace
Roof Material Asphalt Shingle
Roof Style Unknown
Type Other
Utility Water Municipal Water

Parking

Attached Garage
Parking Space(s)

Land

Acreage No
Fence Type Fenced Yard, Partially Fenced
Sewer Municipal Sewage System
Size Total Text Under 1/2 Acre
Zoning Description I

https://www.realtor.ca/real-estate/26202963/264-mackenzie-street-sudbury

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