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Commercial building/Office in Salaberry-de-Valleyfield for sale: 19310370

$3,750,000.00 +GST/QST
1130 Boul. Monseigneur-Langlois, ,
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Triple AAA tenant with a lease of 15 years in which there is a 5% increase at every 5 year interval. Plus 5 options of renewal at 5 years each renewal and 5% increase at the beginning of every option. Recuperation of city and school taxes and insurance from the tenant; rest of the maintenance and contracts (e.g. snow removal, landscaping, etc.) are directly billed to the tenant. Effective February 2024 the total net revenue will be $212,100.00 per year PLUS the recuperation of the taxes and insurance. See addendum for calculations.

ADDENDUM $253,864.62 Total gross revenue Expenses; $42,076.04 tax city $ 2,038.68 tax school $ 7,749.90 insurance $51,864.62 total $202,000.00 / yearly net $ 16,833.33 / monthly net Note; 1= All other expenses are directly billed to the tenant. 2= Effective February 2024 the total net revenue will be $212,100.00 per year PLUS recuperation of above expenses.

Address:
1130 Boul. Monseigneur-Langlois
State/County:
Zip Code:
J6S 5Y6
Country:
Canada
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Property Lot Size:
34 811,74 ft2
Type:
Commercial building/Office
Year Built:
2018
Guarantee:
Without any legal guarantees
Company name:
Filgo - Shell
Option to renew the lease :
Yes
Lease expiration date (Year - Month):
2033-07
Water supply:
Municipality
Type of business/Industry:
Service
Sewage system:
Municipal sewer
Zoning:
Commercial
Land
Front: 62.81 Meters
Depth: 51.49 Meters
Area: 3234.09 Square meters
Municipal assessment
Year:
2023
Land:
$717,500.00
Building:
$1,716,200.00
Taxes
Municipal:
$42,076.00 (2023)
School:
$2,038.00 (2023)
walkscore84 / Very Walkable more details here

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    Vincenzo Ranieri

    1The total price includes GST, QST and refunds if the buyer qualifies. Tax refunds for new properties or those that have undergone substantial renovations are available only to individuals, under certain conditions.

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