1060 Speers Road
Oakville, ON L6L 2X4
Price
$399,000
Building Size
2,007 sq ft
MLS# W13594048 | Listed by SUTTON GROUP-ADMIRAL REALTY INC.
Business Details
Business Type
Medical/Dental
Property Use
Office
Commercial Space & Financials
Office / Apt Area
2,007 sq ft
Taxes (Annual)
$1
Industrial Specifications
Parking
99 spaces (Outside/Surface)
Property 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.
Price & Status History
Price history is locked
Location
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1060 Speers Road, Oakville L6L 2X4
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Listing Courtesy of: SUTTON GROUP-ADMIRAL REALTY INC.
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