For Lease · Land

2744 COUNTY RD 42, St. Joachim

2744 COUNTY RD 42, St. Joachim, ON N0R1S0

Price on request

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Asset Class

Land

Size

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Building class

C

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

88%

About this property

LOT SIZE 115.69X 201.30 X 155.65 X 205.69 VENDOR TAKE BACK IS AVAILABLE. SITUATED BETWEEN BELLE RIVER, AND TILBURY, THIS IS A GREAT LOCATION TO BUILD A COMMERCIAL/RESIDENTIAL LOW RISE BUILDING WITH MAIN FLOOR COMMERCIAL UNITS. BUYER TO VERIFY AND BE SATISFIED WITH ZONING, SERVICES WITH THE TOWN. SELLER MAKES NO REPRESENTATION OR WARRANTIES. EXISTING BUILDING IS AVAIL FOR LEASE AS WELL. CALL TODAY FOR DETAILS. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$74K

Annual cash flow

$-10K

Cash-on-cash

-2.11%

DSCR

0.89

Going-in cap

4.91%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

67,288

Households

26,007

Median income

$129,000

Median age

34.6

Daytime population

65,462

5-yr growth

2%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 2744 COUNTY RD 42, St. Joachim.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.