For Sale · Industrial

18 - 45 ERIC T SMITH WAY, Aurora (Bayview Southeast)

18 - 45 ERIC T SMITH WAY, Aurora (Bayview Southeast), ON L4G7C6

Price on request

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Asset Class

Industrial

Size

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Building class

B

Zoning

IM — Medium Industrial

$ / SF

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Occupancy

88%

Clear height

33 ft

Loading docks

8

About this property

A Very New, Premium Industrial Unit Located At A Developing Business Park Of Aurora. Total Area Of The 1st Floor Plus Mezzanine Is 6083Sqft, Boasting 24 Feet Clear Height Ceilings In The Warehouse Section, It Comes Equipped With A Truck Level Door, 53 Foot Trailer Compatible, Door Leveler, A 600 Volt 100 Amp Electric Service And Huge Windows Provide Ample Natural Light . The Main Floor Includes a Built- In Kitchenette, Washrooms Are Located on Both Floors. E-Bp Zoning Allows For A Variety Of Uses (Industrial, Light Manufacturing, Storage/Warehouse, Recreation, Office And More).Very Convenient Location, Close To Many Amenities Including Hotels, Restaurants, Shopping, SmartCentre .Just A Few Minutes To Hwy 404 And Wellington St. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

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

140,544

Households

59,630

Median income

$125,000

Median age

37

Daytime population

208,634

5-yr growth

3.8%

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

Secure deal room

Confidential diligence documents for 18 - 45 ERIC T SMITH WAY, Aurora (Bayview Southeast).

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.