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Investment - Sale Leaseback Of Medical Office (8.61% Cap Rate)

$575,000

Medical Office for sale in Richmond Hill, ON

Updated Sep 13, 2021

Investment - Sale Leaseback of Medical Office (8.61% Cap Rate)

Details

Broker Co-Op: Yes

Age (years): 31 - 50

Annual Property Tax: $4,266.67

Building Size: 1,392 Sq. Ft.

Zoning: C1

Free Standing: No

Investment Details

Occupancy: 100%

Cap Rate: 8.61%

Price Per Sq. Ft.: $413.07

Description

Turnkey investment in well established business centre of Richmond Hill! Long Term Medical Services Tenant in Fast Growing Industry Of Respiratory Care Will Stay And Renew The Lease. Stable Cashflow & Long Term Growth Supported By Current Lease, Location In Prime Highway 7 Spot (E. Beaver Creek), Neighboring Hotel (Sheraton) & Government Building (City Offices Of Richmond Hill). Perfectly Turnkey! Being Sold As Three Connecting Units, #46, #47 & #48. Retail/Office Unit In Shoppes Of The Parkway Connects To Town Of Richmond Hill & Sheraton Hotel. Virtual Tours And In Person Viewings Can Be Arranged.

Location & nearby

This Medical Office for sale is located in Richmond Hill, ON

Unit #46-48 670 Highway 7, Richmond Hill, ON, Canada

Agent Info.

Albert Nam

REALTOR®

Albert Nam

REALTOR®

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