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264 Mackenzie Street Image 1

$745,000

$765,000
2.6% dropped

Last price change Feb 4

Dec 2, 2024Commercial Retail For Sale
bedroomsbed
washrooms0bath
MLS - #X11823823

264 Mackenzie Street, Greater Sudbury, ON P3C 4Y6

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Average Price
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Property Description

Property type

Commercial Retail

Lot size

N/A

Style

Approx. Area

N/A

About 264 Mackenzie Street

NET OPERATING INCOME $68,551 GENERATING A 9% 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 has installed an artificial grass surface and playground structures throughout the playground area at the projected expense of $300,000. The tenant also contributed 50% of the expense of the two new furnaces and air conditioners that 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. **EXTRAS** **INTERBOARD LISTING: SUDBURY REAL ESTATE BOARD**

Home Overview

Last updated

Feb 14

Virtual tour

None

Basement information

Building size

7276

Status

In-Active

Property sub type

Commercial Retail

Maintenance fee

$N/A

Year built

--

Listed by REALTY EXECUTIVES OF SUDBURY LTD.

Additional Details

Basement:N/A
Cooling:Yes
Heating:Gas Forced Air Open
Parking Features:N/A

MORTGAGE INFO

ESTIMATED PAYMENT

$0 Principal and Interest
$0 Property Taxes

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