264 MacKenzie Street, Sudbury, Ontario, P3C4Y6
NET OPERATING INCOME $79,717 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 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:2471)
RE/MAX Crown Realty (1989) Inc. Brokerage - Hanmer
- (705) 691-1561
- (705) 969-1100
- Property Address: 264 MacKenzie Street, Sudbury, Ontario, P3C4Y6
- Property Type: Other
- Zoning Description: I
- Title: Freehold
- Acreage: under 1/2 acre
- Sewage Type: Municipal sewage system
- Water Type: Municipal water
- Driveway: Attached Garage, Parking Space(s)
- Structure Style: Other
- Exterior Type: Brick
- Flooring: Hardwood, Vinyl
- Foundation Type: Block, Concrete
Listing Office: REALTY EXECUTIVES OF SUDBURY LTD, BROKERAGE
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