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$1.6M total
—
Asset Class
Industrial
Size
—
Building class
C
Zoning
IB — Industrial Business
$ / SF
—
Occupancy
99%
Lot Size
8548 ac
Clear height
35 ft
Loading docks
12
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)
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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.
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.
Confidential diligence documents for 1360 COMMERCE PARKWAY, Fort Erie (Bowen).
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.