Mallette Goring

Commercial Listing
FeaturedFor Sale
2 months ago
114
MLS#
Exclusive
Sq. Ft
40144
TAX / CAM
TBD
Zoning
C2

Listing Brokerage
Mallette-Goring Inc.
Status
Active
Commercial Property Type(s)
Commercial Investment, Office Space, Retail Space
AAA Commercial Plaza For Sale near corner of Barrydowne & Kingsway! Fully-leased with strong long-term tenancies including Rexall, Starbucks, PBL Insurance, and more. 40,144 sq.ft plaza with new LED Pylon Signage and newly developed pad restaurant site with drive-thru. Current leases include rental increases that lead to 13% growth in NOI over next 5 years! Projected CAP Rate based on Year 1 NOI = 6.25%. Opportunity to be packaged with 428-436 Westmount for a total of 107,039 sqft at $20.5M combined asking price. Note: Exclusive Listing (non-MLS), all prospective buyers/brokers to sign Confidentiality Agreement prior to receiving rent roll, financials, environmental, etc.
Location
555 Barrydowne Rd Sudbury
LOCATION INFO:
Geographic Area
New Sudbury
Parking Spaces
Above Standard
Signage
LED Pylon, Facia Signage
Lot Size
3.59 Acres
Anchor Tenants
Rexall, Starbucks, PBL Insurance
Property Known As
Greenvale Plaza
Video Tour

Building Specs
Elevator Access
No
Wheelchair Accessible
Yes
Security System
Furnished
No
Municipal Water
Yes
Municipal Sewer
Yes
Building Age
Electrical Service
Heating Type
Rooftop HVAC
Foundation Type
Slab on grade
Roof Type
Tar & Gravel

Loading Info
Overhead Crane Type
Loading Door Type
Door Height
Ceiling Height


Financial Projections
Proj. Gross Income
$948,440.00 *
Proj. Expenses
$323,098.46 *
Proj. Net Income
$625,341.54 *
Additional Agents For This Listing:
Chris Tammi

Broker of Record

chris@mgre.ca

705.822.6123

Larry Gauthier

Broker

Mallete-Goring Inc.

705******* 705.670.4430