8138Z - 8162Z, Boul. Métropolitain E., Anjou (Montréal) H1K 1A1

Centris® #23386698
$ 4,395,000 +tx

Description

Rare investment opportunity! Premium property with quality tenants. Generous revenue with tremendous potential for upside. 3 story office building with modern aesthetics. Features an elevator, underground parking (44 vehicles), exterior parking lot (24 vehicles), storage garages (7). Detailed information below. Contact for more information.

Addendum

PROPERTY DETAILS:

- Building Area : +/- 39,930 sq.ft. - Land Area : 33,640 sq.ft

- Underground Parking: 44 vehicles + storage - Exterior Parking: 24 vehicles

- HVAC system -- RTU - Electric baseboard heating (supplement)

- Sprinkler system - Roof recently redone

- 5 Double-width Garages - 2 Single-width Garages

- Electricity : 800A / 600V - Concrete structure - Year of Construction : 1990

PROPERTY HIGHLIGHTS:

- Premium Quality Office Building - Well-Maintained - Quality Tenants - Environmental Reports Available - Evaluation Report Available - Potential for increase in Revenue

ADDITIONAL DETAILS:

+/- 5,000 sq.ft. available for rent Current vacancy rate: 16.6% Average rental rate: $22/sq.ft./year (Gross)

FINANCIAL PERFORMANCE (ANNUAL):

CURRENT REVENUE: $435,500 *POTENTIAL ADDED REVENUE (leasing 5000 sq.ft.): $120,000 *TOTAL POTENTIAL REVENUE: $555,500

CURRENT EXPENSES: $228,000 Including: - Insurance - Electricity - Elevator maintenance - Grass cutting - Snow removal - Janitor - Security system - Window cleaning - Garage doors maintenance - HVAC maintenance - Municipal taxes - School taxes - Fire prevention maintenance - Fire alarm maintenance - Sprinkler system maintenance

CURRENT NET REVENUE: $207,500 *POTENTIAL NET REVENUE: $327,500

Note: Potential for increased revenue can be found through Lease renewal increases, leasing vacant space, and reducing current expenses.

*DISCLAIMER: Statements contained herein are based on information furnished by sources we deem reliable, but for which we assume no responsibility and no warranties are made or implied. This submission is made subject to errors, omissions, changes, prior sale/lease or withdrawal from the market without notice.

Sale without legal warranty of quality, at the buyer's risk

Description sheet

Nb. of rooms
 
Nb. of bedrooms
0
Nb. of bathrooms and powder rooms
0 + 0
Building type
Detached 
Property type
 
Year built
1990 
Building size
169 X 77 feet irreg. 
Living area
 
Lot size
253 X 129 feet irreg. 
Lot area
33,640 square feet 
Quebec cadastre
 

Features

Available services
Jet system
Easy access
Elevator
Heating energy
Electricity
Heating system
Air circulation
 
Electric baseboard units
Roofing
Asphalt and gravel
Sewage system
Municipal sewer
Siding
Brick
Water supply
Municipality
Zoning
Commercial

Potential Gross Revenue

Reference date
2020-03-01
Commercial
$ 555,372 /year
Total
$ 555,372 /year

Assessment, Taxes and Expenses

Municipal assessment
Year
2018
Building assessment
$ 2,635,600
Lot assessment
$ 422,500
Total
$ 3,058,100
Annual taxes and Expenses
Municipal Taxes
$ 105,758
School taxes
$ 4,300
Total
$ 110,058
Top  
Germando Mazzotta
Germando Mazzotta
Commercial Real Estate Broker
GROUPE SUTTON SYNERGIE INC.
Real Estate Agency
514-255-0666
514-743-5013
Joseph Mazzotta
Joseph Mazzotta
Chartered Real Estate Broker
GROUPE SUTTON SYNERGIE INC.
Real Estate Agency
514-255-0666
514-886-2824
 

Photos - No. Centris® #23386698
8138Z - 8162Z, Boul. Métropolitain E., Anjou (Montréal) H1K 1A1

Exterior Exterior
Exterior Exterior
Exterior Exterior
Exterior Exterior
Interior Interior
Interior Interior
Interior Interior
Interior Interior
 

Photos - No. Centris® #23386698
8138Z - 8162Z, Boul. Métropolitain E., Anjou (Montréal) H1K 1A1

Interior Interior
Interior Interior
Staircase Staircase
Garage Garage
Garage Garage
Garage Garage
Aerial photo Aerial photo
Aerial photo Aerial photo
 

Photos - No. Centris® #23386698
8138Z - 8162Z, Boul. Métropolitain E., Anjou (Montréal) H1K 1A1

Aerial photo Aerial photo
Aerial photo Aerial photo