For Sale: 208 Loach’s Road

First time being offered for sale, this south-end plaza is situated in the desirable Lo-Ellen Park subdivision. Currently occupied by three tenants (medical office, hair salon, take-out restaurant), the leases are fully NET to the Landlord and generate a current annual Net Income of $60,695.65 under the existing Lease Agreements which represents a 7.14% CAP Rate. Unit 1 (Aviita Wellness – 1305 Sq.Ft) can be made available for an owner/user that’s looking for an opportunity to occupy space in the building, or can be available for a new Tenant on a long-term lease. Unit 2 (A Touch of Class – 1700 Sq.Ft) has recently signed a new 5-year Lease. Unit 3 (occupied by Sudbury Subs – 1085 Sq.Ft) has just over 1 year remaining in the existing lease term. Great opportunity for those looking to get into commercial property ownership without paying millions!

Listing ID: MLS #2075517
Asking Price: $850,000.00
Taxes / CAM: $16,721.45 /2018
Zoning: C1 (34)
Square Footage: 4,090 sq ft
May 24, 2019

Location:

© 2019Greater Sudbury Commercial Real Estate – Chris Tammi (Broker) – Mallette-Goring Inc., Brokerage
Powered by Weston Media Group