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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!
For more information, or to arrange a showing, please contact the Listing Broker:
Chris Tammi- Broker
Mallette-Goring Inc., Brokerage
Office: 705-673-3000
www.SudburyCommercial.com