This land of more than 115,000 square feet is currently used as parking for individuals and businesses. Located in the heart of industrial park of Rivière des Praires, the vacancy rate is very low.
This outdoor parking is fully fenced and monitored by a 24-hour surveillance system. Parking is available at all hours of the day and night through electronic doors through personal access cards.
There are as far as many cars, boats, vans, trailers, trucks, RVs, containers and semi-trailers. Electrical outlets are available on site and can be activated as needed. Leases are flexible monthly and prices are negotiable if there is more than one vehicle.
Zoning is commercial and industrial, it is possible to build on 50% of the area on 3 floors.
Economic Data :
Gross Income: $226,362
Ratio of Gross Income: 7,7
Vacancy Rate and Bad Debt: $28,584
Effective Gross Income: $197,778
Expenses: $71,245
Net Income: $126,533
Cap Rate : 7,2%
