Commercial building/Office
3858 - 3870, Boul. Notre-Dame, Chomedey (Laval) H7V 1S1
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Addendum
EXCEPTIONAL INVESTMENT OPPORTUNITY FULLY 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 options Net annual income: $538 286 Capitalization rate (Cap rate): 8.47 %
Asking price: $6,350,000
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 center Offices for paramedical and medical professionals Accountants and non-profit organizations All tenants benefit from loyal clientele and stable business operations This building represents an ideal opportunity for:
Medical clinic groups seeking to secure their operating space
Investors seeking stable returns with quality tenants
Description sheet
Inclusions
Exclusions
Features
Assessment, Taxes and Expenses
Photos - No. Centris® #19747230
3858 - 3870, Boul. Notre-Dame, Chomedey (Laval) H7V 1S1
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3858 - 3870, Boul. Notre-Dame, Chomedey (Laval) H7V 1S1
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3858 - 3870, Boul. Notre-Dame, Chomedey (Laval) H7V 1S1
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