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1439 Graham's Lane, Burlington, Ontario – $1,499,999

  • $1.5M Price
  • 8,500 Sqft
  • $1.5M Price
  • 8,500 Sqft

1439 Graham's Lane

Square footage supplied by Owner (leases) and verified by agent measuring the perimeter of the building. Tenant #1 100% office, just renewed Lease until June 14, 2021 with no option to renew. Paying currently $45,600.00 per annum including T.M.I. Rent escalates $2,400.00 each year.= $50,400.00 last year of lease. Tenant #2 Automotive repair facility, Just renewed lease for five years starting Jan. 1st 2019. Paying $61,800.00 per annum for 2019. rent escalates $1,200.00 per annum every year with no option to renew $66,600.00 last year of lease Total 2019 Income $107,400.00 Semi Gross LESS Landlord expenses - $33,635.00 (2019). = $73,765.00 Metal roof (pitched) March 2009, Membrane (flat) roof 2010, Office Heat/Ac 2011. Note Landlord Landlord exp. numbers included 32X100 land lease @$3,250.00 per annum. Phase 2 Enviro done 2019 (Pinchin) (id:6289)

Essential Information

  • Listing #H4058325
  • Price$1,499,999
  • Bathrooms0.00
  • Square Footage8,500
  • TypeOther

Community Information

  • Address1439 Graham's Lane
  • CityBurlington
  • ProvinceOntario
  • Postal CodeL7S1W5

Amenities

  • AmenitiesPublic Transit
  • ParkingSurfaced

Interior

  • HeatingForced air
  • CoolingAir Conditioned

Listing Details

  • OfficeMartel Commercial Realty Inc.
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