218 & 220 - 1060 Speers Road, Oakville, Ontario, Canada, L6L2X4
399,000
for Sale
About the property:
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.
Extra info:
See appraisal
Office
false
- Property Type:
- Office
- Status:
- for Sale
- Business Type:
- Commercial/Retail
- Heating Type:
- Gas Forced Air Open
- Cross Street:
- Speers/Fourth Line
- Annual Property Taxes:
- 1
- Listing ID:
- W13594048
Rooms
Dimensions
Brokered by:
Sutton Group-admiral Realty Inc.
Source: TRREB/PROPTX
Presented By: