Business For Sale · Industrial

370 ERIE STREET East Unit# 2B, Windsor

370 ERIE STREET East Unit# 2B, Windsor, ON N9A3X3

Price on request

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Asset Class

Industrial

Size

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Building class

A

Zoning

IB — Industrial Business

$ / SF

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Occupancy

83%

Clear height

19 ft

Loading docks

7

About this property

2,760 ST OF OFFICE SPACE LOCATED ON ERIE STREET. POSSIBILITY TO ADD 3,000 SF +/- OF WAREHOUSE SPACE TO THIS UNIT. NICE, CLEAN SPACE. UTILITIES INCLUDED IN ADDITIONAL RENT. LOADS OF ON-SITE PARKING AVAILABLE. CLOSE TO DOWNTOWN & WINDSOR/DETROIT TUNNEL. APPROXIMATELY 10 MINUTES FROM THE AMBASSADOR BRIDGE & 15 MINUTES TO GORDIE HOWE. CONTACT LB FOR MORE INFORMATION. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$67K

Annual cash flow

$-16K

Cash-on-cash

-3.54%

DSCR

0.81

Going-in cap

4.48%

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

122,459

Households

44,876

Median income

$92,500

Median age

42.7

Daytime population

122,334

5-yr growth

7.5%

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

Secure deal room

Confidential diligence documents for 370 ERIE STREET East Unit# 2B, Windsor.

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.