Log In/Sign Up
Your email has been sent.
950 Albion Rd 31,000 SF Retail Building Toronto, ON M9V 1A7 $10,202,057 USD ($329.10 USD/SF) 4.83% Cap Rate
Executive Summary
Investment property for sale, 950 Albion RD--Strip plaza/Retail, 2 tenants only. Grow Fitness for sale; tenant #1 Grow Fitness- 13,850 sq. ft plus patio (not calculated extra sq.ft.); tenant #2 Basement is 17,500 sq. ft Basement. Tenant just spent close to 1 million to set up Play Place ( Kids and Adults), Training. Tenants pay HST on top of Rent Lease attached. TMI is $10,500 per $39,500 Net (950 Albion )$15,000 Net ( 960 Albion) = x 12 =$654,000 Tenants pay TMI: Taxes estimated at $ 5 x 14,000 sq. ft = $ 70,000 per year estimate. Utilities , CAM, = $ 4 x 14,000sqft = $ $50,000 per year estimate. Redevelopment potential of 300 units potential on site and main floor retail.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Health Club
Building Size
31,000 SF
Building Class
B
Year Built
1980
Price
$10,202,057 USD
Price Per SF
$329.10 USD
Cap Rate
4.83%
NOI
$493,197 USD
Tenancy
Single
Building Height
1 Story
Zoning
C
Frontage
506’ on Albion Road E
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Grow Fitness
- Arts, Entertainment, and Recreation
-
99,999 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Grow Fitness | Arts, Entertainment, and Recreation | 99,999 SF | - | - |
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
70/100
Moderately bikeable
70/100
Nearby Major Retailers
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Company Not Provided
950 Albion Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.