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Business For Sale · Industrial

402 Dewdney AVENUE, Regina

402 Dewdney AVENUE, Regina, SK S4N0E9

$398,000 total

1,507 SF

Asset Class

Industrial

Size

1,507 SF

Building class

Zoning

IM — Medium Industrial

$ / SF

$264

Occupancy

83%

Year Built

2013

Clear height

26 ft

Loading docks

About this property

Welcome to this 1507 sqft commercial/industrial warehouse condo unit located on 402 Dewdney Ave. This is a well built steel frame building and offers convenient features such as a 14ft overhead door with automatic opener, a floor drain, a bathroom, and a front vestibule. It also includes a 220 plug, allowing for a wide range of electrical uses. building is thoughtfully designed to accommodate future expansion with the option of adding a second story or a mezzanine space. With its prime location, this property is perfect for businesses seeking visibility, office space, a showroom, and a warehouse. Ample parking is available with designated parking stalls in the front and back, along with multiple visitor parking stalls. The monthly condo fees for this unit are $255.08. (id:66811)

Financial sandbox

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Estimate

Purchase price$398K

Down payment30% · $119K

Interest rate6.25%

Amortization25 years

Occupancy83%

Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$16K

Annual cash flow

$-6K

Cash-on-cash

-5.32%

DSCR

0.71

Going-in cap

3.94%

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.

Rent roll (estimated)

Tenant	Suite	Area	Rent / SF	Expiry
Vector Robotics	240	451 SF	$39.18	2034-12
Vector Robotics	240	400 SF	$39.06	2034-12
Vector Robotics	240	400 SF	$39.42	2034-12
Vector Robotics	240	400 SF	$39.30	2034-12

Area demographics

Trade area within 3 miles of the property.

Population

93,327

Households

39,248

Median income

$107,500

Median age

45.4

Daytime population

148,716

5-yr growth

2.1%

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

Secure deal room

Confidential diligence documents for 402 Dewdney AVENUE, Regina.

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.