GE1 Zoned 6000 sq. ft. building with two tenants with 3000 sq. ft. each. Tenant A Enterprise Car Rental paying $69,000.00 per year net till September 30,2027 with no further options to renew. Enterprise may do a early renewal if purchaser wants an extremely good Tenant otherwise vacant possession of the unit (Enterprise) would be October 1st 2027. Tenant B is paying $63,800/2025, $65,550/2026, $67,500.00/2027 net plus $5.00 T.M.I.. Tenant B has an option to renew for 1- 3 year term at negotiated rates. On a month to month bases Tenant A is paying $24,000 per year for 90% of the rear compound. Net income for 2024 is $156,800.00
MLS# | 40673403 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Days On Site | 105 |
Listing Provided By | Martel Commercial Realty Inc. | Scott Overell |
SQ Feet | 6,000 |
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Story(s) | 1 |
Zoning | GE-1 |
State | ON |
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County | Halton |
City | Burlington |
Zip Code | L7L 4X2 |
Area | 32 Burlington |
Subarea | 321 Longmoor |
Community Name | 321 Longmoor |
Listing VS Median (in 321 Longmoor) | |
Price: $3,350,000 low | high Med: $949,900 SqFt: 6,000 low | high Med: 1,370 $ / SqFt: $558 low | high Med: $693 On Site: 105 low | high Med: 6.000000 |