Business For Sale · Industrial

369 6th AVENUE N, Yorkton

369 6th AVENUE N, Yorkton, SK S3N3L2

Price on request

5,400 SF

Asset Class

Industrial

Size

5,400 SF

Building class

B

Zoning

IL — Light Industrial

$ / SF

—

Occupancy

91%

Year Built

2016

Clear height

31 ft

Loading docks

4

About this property

Built in 2016 and vacant now, this 5,400 sq ft shop on Sixth Avenue North in Yorkton is ready for its next business. Lease the whole building, or just one side. A centre wall divides the building into two sides of about 2,700 sq ft each. Each side has its own 12' x 14' overhead door, glass front entry, office, washroom and on-demand hot water. A drive-through opening in the centre wall connects the two sides when you want the whole space. The shop is bright and clean, with floor drains, heavy floor loading and Reznor overhead heaters that keep heating costs down. The offices are air conditioned. Outside there is a fenced compound and on-site parking for 8. The neighbouring lot may also be available for storage, a laydown yard or fleet parking. Zoned M1-1 light industrial, the building suits contractors and trades, service and repair shops, equipment sales and rentals, warehousing and distribution, light manufacturing, and ag or oilfield service companies. The glass front entries also work well for a business with customers coming in. Tenants should confirm their use with the City of Yorkton. Net lease, plus occupancy costs of $5.32/sq ft (property taxes, building insurance and snow removal, adjusted to actual each year). The landlords are flexible on term length, and also open to a long-term lease of 7 or 10 years. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$77K

Annual cash flow

$-6K

Cash-on-cash

-1.26%

DSCR

0.93

Going-in cap

5.16%

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.

Rent roll (estimated)

TenantAreaExpiry
Meridian Health Group2,924 SF2029-04
Meridian Health Group1,187 SF2029-04
Meridian Health Group803 SF2029-04

Area demographics

Trade area within 3 miles of the property.

Population

106,512

Households

49,302

Median income

$63,000

Median age

37.3

Daytime population

131,736

5-yr growth

6.2%

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

Secure deal room

Confidential diligence documents for 369 6th AVENUE N, Yorkton.

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.