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176 Creditstone Rd 6,561 SF Industrial Condo Unit Offered at $2,350,063 in Vaughan, ON L4K 4H7
INVESTMENT HIGHLIGHTS
- prime Vaughan location
- nearby public transit, and local amenities.
- with quick access to Highway 400 and 407
EXECUTIVE SUMMARY
Rare user/investor opportunity to purchase an industrial condominium unit in a prime Vaughan location with quick access to Highway 400 and 407, public transit, and local amenities. The property is 6,561sf with 16' clear height, 1 truck-level doors that can accommodate 53' trailers and mezzanine space (not included in total area). The property is currently tenanted until Jan 23, 2028 with no options to renew. Tenant is paying $159,135 net per annum with 3% yearly escalation. Strong investment return with the option in 3 years to take possession for an owner user
PROPERTY FACTS
| Total Building Size | 34,354 SF | Typical Floor Size | 34,354 SF |
| Property Type | Flex (Condo) | Year Built | 1989 |
| Property Subtype | Light Manufacturing | Lot Size | 2.09 AC |
| Building Class | B | Parking Ratio | 1.65/1,000 SF |
| Floors | 1 | ||
| Zoning | M2 - General Industrial Zone | ||
| Total Building Size | 34,354 SF |
| Property Type | Flex (Condo) |
| Property Subtype | Light Manufacturing |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 34,354 SF |
| Year Built | 1989 |
| Lot Size | 2.09 AC |
| Parking Ratio | 1.65/1,000 SF |
| Zoning | M2 - General Industrial Zone |
AMENITIES
- Signage
UTILITIES
- Water - City
1 UNIT AVAILABLE
Unit 10
| Unit Size | 6,561 SF | Sale Type | Investment |
| Price | $2,350,063 USD | Cap Rate | 4.52% |
| Price Per SF | $358.19 USD | NOI | $106,222.85 USD |
| Condo Use | Industrial |
| Unit Size | 6,561 SF |
| Price | $2,350,063 USD |
| Price Per SF | $358.19 USD |
| Condo Use | Industrial |
| Sale Type | Investment |
| Cap Rate | 4.52% |
| NOI | $106,222.85 USD |
DESCRIPTION
The property is 6,561sf with 16' clear height, 1 truck-level doors that can accommodate 53' trailers and mezzanine space (not included in total area). The property is currently tenanted until Jan 23, 2028 with no options to renew.
SALE NOTES
enant is paying $159,135 net per annum with 3% yearly escalation.
Presented by
176 Creditstone Rd
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