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$9,495,000
Available - For Sale
Listing ID: W12060442
The property is an irreplaceable, "small-bay" multi-tenant property designed to demise into as many as 10 separate units of + 3,000 SF each. The units offer highly functional rectangular layouts and are primarily served by drive-in shipping doors. Recent capital improvements include a roof replacement (2022) and partial re-paving of the asphalt areas (2018). Currently, the property is 72% occupied by five tenants with a remaining weighted average lease term (WALT) of approximately one year. Due to its strategic location, small unit sizes and near-term lease expiries, the Property is potentially well-suited for a conversion into "strata-condos". Individual "strata-condo" units are estimated to sell in the $460 to $480 per SF range, a significant premium to the asking price for the Property. The Property is offered for sale with an assumable mortgage advanced on the basis of a "strata-condo" conversion with the ability to advance a further $2,000,000.00 for renovations and conversion costs. Alternatively, an investor could keep the Property as an income-producing asset and grow rents to a market range of $19.00 Net per SF.
Price $9,495,000
Taxes: $56,994.52
Tax Type: Annual
Occupancy by: Tenant
Address: 2390 Cawthra Road , Mississauga, L5A 2X1, Peel
Postal Code: L5A 2X1
Province/State: Peel
Legal Description: PT LT 11, CON 1 SDS TT, AS INVS132115; T
Directions/Cross Streets: Cawthra Rd/Orwell St
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Industrial
Building Percentage: T
Total Area: 30,902
Total Area Code:  Square Feet
Maintenance: 0
Sprinklers: Yes
Rail: N
Clear Height Feet: 14
Truck Level Shipping Doors #: 1
Double Man Shipping Doors #: 1
Drive-In Level Shipping Doors #: 8
Grade Level Shipping Doors #: 0
Heat Type: Gas Forced Air Open
Central Air Conditioning: Partial
Sewers: Sanitary+Storm
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Asking Price: $ Heating: $ /Year  
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Taxes:   $ /Year Other Debt: $ /Year  
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COLLIERS

2390 Cawthra Road , Mississauga, L5A 2X1, Peel


 
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At a Glance:
Type: Com - Investment
Area: Peel
Municipality: Mississauga
Neighbourhood: Dixie
Style:
Lot Size: x 374.00(Feet)
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Tax: $56,994.52
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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