3858-3870 Boul. Notre-Dame, Laval (Chomedey)

EXCEPTIONAL INVESTMENT OPPORTUNITYFULLY LEASED MEDICAL OFFICE BUILDING -- LAVAL

PROPERTY OVERVIEW

Address: 3860 Boulevard Notre-Dame Ouest, Laval (QC) H7V 1S1 -- Located on a major artery near Highways 15, 13, and 440, with easy access to public transportation and in a high-demand medical services zone

Total area: 26,124 sq. ft.Occupancy: 100%Number of tenants: 22

Tenant mix: Paramedical professionals, medical doctors, accountants, notary, a visual clinic, and non-profit organizations (NPOs)

Medical center (Ground floor, 17% of total area): Multiple tenants including a nursing clinic www.biosisns.ca (blood tests, vaccinations), a pulmonary function testing clinic www.o2sante.ca, Retina Optica Lab https://retinaopticallab.ca, and VIP Beauty -- see www.altisante.ca

Lease terms: 3+ years with renewal optionsNet annual income: $528,330Capitalization rate (Cap rate): 7.94%

Asking price: $6,650,000

INVESTMENT HIGHLIGHTS- Presence of a visual clinic, enhancing the diversity and attractiveness of the medical center- Fully leased building with long-term, secure leases including renewal clauses- Medical center on the ground floor providing strong tenant retention- Resilient healthcare sector with high demand for medical space- Recently renovated -- minimal CAPEX for buyer- Value enhancement potential with increased medical usage -- Lowering the IPG could significantly increase property value- Strategic location with established clientele and easy access

ADDITIONAL VALUE

The roof is leased to Rogers and Vidéotron, two major telecommunications providers

APWireless has evaluated the resale value of these rooftop leases at $195,000 each, offering a potential $390,000 for a buyer wishing to monetize these agreements

KEY TENANTS & FINANCIAL STABILITY

Full-service medical centerOffices for paramedical and medical professionalsAccountants and non-profit organizationsAll tenants benefit from loyal clientele and stable business operationsThis building represents an ideal opportunity for:

Medical clinic groups seeking to secure their operating space

Investors seeking stable returns with quality tenants