For Sale · Industrial

1360 COMMERCE PARKWAY, Fort Erie (Bowen)

1360 COMMERCE PARKWAY, Fort Erie (Bowen), ON L2A5M4

$1.6M total

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Asset Class

Industrial

Size

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Building class

C

Zoning

IB — Industrial Business

$ / SF

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Occupancy

99%

Lot Size

8548 ac

Clear height

35 ft

Loading docks

12

About this property

Prestige industrial property offering 8,548 sq. ft. to include all interior space such as warehouse, mezzanine, and office space, on 1.225 acres with excellent accessibility to the QEW and international border. This property site is located one building in from Pettit and fronts on commerce parkway. Lot size is 183 ft of frontage on Commerce Pkwy, and 290 ft of depth. Interior features include a warehouse, mezzanine, office space, kitchenette, and washrooms ideal for production, manufacturing, and daily operations. Ample paved parking, 12'x14' loading door off the parking area and and additional door off the docking ramp. The site offers city services, and natural gas forced air heating/cooling. In the industrial space, the ceiling height varies with the beam structure, and air handlers therefore the ceiling height is between 15 ft (under the air handlers) 17 feet under the beams and 20 ft to the roof. The ceiling heights are in reference to the warehouse only and do not include the height of the ceiling contained around the mezzanine and the office area. Zoning allows for a wide range of uses. Phase 1 Environmental Report available from listing agent. Surrounded by other industrial buildings in a prime location. ** There is a long-standing tenant occupying the space. Air conditioning is in the office space only. Tenant takes care of all common area maintenance. The square footage sources were referenced by MPAC - all provided in the supplements. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.60M
Down payment30% · $480K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$87K

Annual cash flow

$-2K

Cash-on-cash

-0.44%

DSCR

0.98

Going-in cap

5.41%

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

142,145

Households

60,685

Median income

$109,500

Median age

33.8

Daytime population

123,801

5-yr growth

2.5%

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

Secure deal room

Confidential diligence documents for 1360 COMMERCE PARKWAY, Fort Erie (Bowen).

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.