Property Description

Here’s a plaza with long term leases in place available for sale in downtown Ajax, Ontario.  The property is priced at a cap rate of 5.4% which is much better than what we see in the marketplace.  The risk is centralized since it’s only two units but their earliest lease is expiring in 2021 and second in 2027.

The use is office space with convention hall which can host up to 110 people, along with full fledged cocktail lounge with catering facilities.  Property has ample parking and landscaping which is maintained by Town of Ajax.

Financial Review – Plaza 2 Com Hardwood Ajax Ontario

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