Message Number332678
Subject LineToronto, Commercial Investment Property, $8,900,000, 6% Cap Rate/Prime Location/AAA Tenants
Business area
Greater Toronto area
Business categoryCommercial Buildings/Hotels/Motels
Date of ListingNovember 23 2015
CommentsStrategically located near Pearson International Airport and bounded by several major highways, this unique property with AAA tenants offers stable cash flow and development potential. The golf club leases the land from the City with a long term lease and the first right of refusal. The commercial property has 1. 5 acres of land and approx 25, 800 Sq. Ft. commercial building. The upper level of the building is occupied by a very solid tenant in the event and night club business. The tenant has done extensive leasehold improvements in 2009. Overlooking the beautiful golf course, this upscale establishment is one of the best wedding and corporate venues and night clubs in Toronto. The main level is used as the golf clubhouse including office, lockers, golf merchandise store and banquet hall. Cap rate is close to 6%. Asking price is $8, 900, 000.
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NameMichelle Cao, MBA
TitleBroker of Record
Company NameMC Global Realty Inc., Brokerage
Address Line One25 Sheppard Ave W. Suite 300
Zip/Postal CodeM2N6S6
Business Phone Number(416)636-7653
FAX Number647-793-5162
Email AddressSend Email
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