180 QUEEN STREET, Chatham
180 QUEEN STREET, Chatham, ON N7M2G8
$1.3M total
10,200 SF
Asset Class
Industrial
Size
10,200 SF
Building class
A
Zoning
IB — Industrial Business
$ / SF
$127
Occupancy
92%
Year Built
1940
Clear height
18 ft
Loading docks
4
About this property
PRIME HIGH TRAFFIC LOCATION IN THE HEART OF THE CITY OF CHATHAM . ALMOST 1 ACRE OF COMMERCIA LAND, WITH 2 COMMERCIAL BUILDINGS. 1 BUILDINGIS APPROX. 9000 SQ FT 2-STOREY WITH A BASEMENT WITH 1 - 8 X 8 LOADING DOOR. THE OTHER BUILDING IS APPROX. 1200 SQUARE FEET USE TO BE A CAR LOT AND PRIOR TO THAT A GAS STATION WITH 2 BAY DOORS. GREAT LOCATION FOR A MEDICAL CENTER. CURRENTLY THERE ARE 2 RENTAL SIGNS ON THE PROPERTY THAT THE COMPANY THAT INSTALLED AND OWNS THEM PAYS THE PROPERTY OWNER APPROX. $ 4,600.00 PER YEAR RENTAL PER SIGN. THE TWO STOREY BUILDING RENTS FOR $3,500.00 PER MONTH NET LEASE. CALL TO GET YOUR PERSONAL SHOWING. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$6K
Projected NOI
$63K
Annual cash flow
$-9K
Cash-on-cash
-2.30%
DSCR
0.88
Going-in cap
4.85%
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 | Area | Expiry |
|---|---|---|
| Lakeview Physiotherapy | 5,281 SF | 2033-12 |
| Northbridge Logistics | 4,062 SF | 2033-12 |
Area demographics
Trade area within 3 miles of the property.
Population
65,855
Households
24,961
Median income
$111,500
Median age
32.1
Daytime population
69,167
5-yr growth
3.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 180 QUEEN STREET, Chatham.
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.