Business For Sale · Industrial

138 CROMWELL STREET, Sarnia

138 CROMWELL STREET, Sarnia, ON N7T3X3

Price on request

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Asset Class

Industrial

Size

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Building class

A

Zoning

IM — Medium Industrial

$ / SF

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Occupancy

94%

Clear height

32 ft

Loading docks

6

About this property

EXCELLENT RESTAURANT, RETAIL OR OFFICE SPACE IN AN UPSCALE, DOWNTOWN BUILDING. APPROX 1000 SQ FT PLUS BASEMENT. THE BUILDING IS COMPLETELY REDONE WITH WINDOWS, FLOORING & BATHROOM. PRESENTLY OCCUPIED BY A RESTAURANT, EXHAUST HOOD INCLUDED. FULL BASEMENT AVAILABLE FOR STORAGE AREA. LEASE PRICE IS PER MONTH PLUS UTILITIES & COMMON AREA COSTS ($450.00 PER MONTH )PLUS HST. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$81K

Annual cash flow

$-2K

Cash-on-cash

-0.40%

DSCR

0.98

Going-in cap

5.42%

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

98,204

Households

35,328

Median income

$87,000

Median age

44.4

Daytime population

144,496

5-yr growth

6.8%

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

Secure deal room

Confidential diligence documents for 138 CROMWELL STREET, Sarnia.

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.