2 Buildings, 32 Senior Apartments, Pharmacy & Medical Clinic
Location:
Canada
->
Ontario
->
Peterborough
Industry: Health and Medical > Long-Term Care Facilities
Business Summary
2 buildings with 32 apartments, pharmacy and medical centre for sale in Peterborough. Commercial tenants are: 8 medical doctors, social worker, dietitian, and therapist.Pharmacy has escalating lease and rapid increase in rents. Rents $25/sf for doctors and $50/sf for pharmacy with heating, hydro & taxes included. Buildings 30 years old but well maintained and show like new.
Electric heating. No separate hydro meters. Roof re-done 14 years ago.
Parking fees, collected by the owners, $30,000 per year were just increased 50% and will bring in another $1,250 a month. Net income for 2008 was $320k. 32 senior residential tenants on leases. All amenities close by, local transit stops right outside. 2 bedroom apartments $847 inclusive (hydro, heating, water). Common laundry room. Balconies. Hardwood floors. Elevator. Taxes $61,000 for 2008 Asking price $4.6 mln. Email or call Andrew Sobczak, Member of the Muskoka & Haliburton Real Estate Board, at 705-543-1341 for more info.
Financials
Asking Price Range: $2.5M - $5.0M
Gross Revenues:
$500,000
Cash Flow:
$320,000
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: No
About The Business
Year Established: 1985
Number of Employees: 10 - 19
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Sale
Photos
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Print Listing Id: 700108600
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