Office in your area
MLS® W13594048
$399,000
- Status
- Active
- Property type
- Office
- MLS® number
- W13594048
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 28Listing description
Exceptional opportunity to acquire a fully built-out, dental facility. This facility is being sold strictly as a physical asset (equipment and leaseholds), making it perfect for an established dentist looking to expand or a specialist seeking a prime, fully compliant location with free parking. Featuring 6 equipped operatories, sterilization area, laboratory, 2 private offices, staff room, and a dedicated panoramic X-ray room.
Renovation in 2022 and 2023 includs upgraded plumbing, wiring, cabinetry, new dental lights, and a reverse osmosis water filtration system. Professionally appraised at $444,900 in total tangible asset value ($331,150 in leasehold improvements, $110,000 in clinical equipment, and $3,750 in admin assets). Long-Term Tenure: Current lease term is secured through August 20, 2034, with two additional 5-year renewal options.
The lease contains an exclusivity clause. Expansion Potential: Includes a "Right of First Refusal" to lease adjacent spaces at the current base rent if they become vacant. Base rent $20.
00/sf ($3,345. 00/month plus TMI), with scheduled step-ups to $25/sf in 2027 and $30/sf in 2030.
Property summary
- MLS® number
- W13594048
- Property type
- Office
- Building type
- Offices
- Square footage
- 2,007 sq ft
- Annual property taxes
- $1.00
- Parking
- 99 spaces
- Days on market
- 35 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Lot features
- Elevator
What would this home cost you?
Based on the $399,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of SUTTON GROUP-ADMIRAL REALTY INC., THORNHILL.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.