Business For Sale · Industrial

245 OUELLETTE Unit# 302, Windsor

245 OUELLETTE Unit# 302, Windsor, ON N9A7J2

Price on request

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Asset Class

Industrial

Size

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Building class

A

Zoning

IM — Medium Industrial

$ / SF

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Occupancy

89%

Year Built

2001

Clear height

28 ft

Loading docks

2

About this property

6,637 sq ft of first class office space, located on the 3rd floor of one of the finest buildings in Windsor's downtown core. Main and 2nd Floor occupied by the Royal Bank of Canada. Plenty of natural light, with existing quality finishes throughout. Elevator access to main floor and parking garage. Secure Main floor entrance, onsite parking, and additional offsite parking at additional cost. Building Signage available. Contact the Listing Broker for a brochure, space plan and to arrange a tour. Roof is concrete deck with BUR membrane. This building has a low carbon footprint as it uses recycled heat from Casino Windsor. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$75K

Annual cash flow

$-8K

Cash-on-cash

-1.83%

DSCR

0.90

Going-in cap

4.99%

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

132,424

Households

50,681

Median income

$65,500

Median age

40.5

Daytime population

139,351

5-yr growth

8.2%

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

Secure deal room

Confidential diligence documents for 245 OUELLETTE Unit# 302, 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.