For Lease · Land

3824 WESMINSTER DRIVE, London South (South HH)

3824 WESMINSTER DRIVE, London South (South HH), ON N6E3Y3

Price on request

16,000 SF

Asset Class

Land

Size

16,000 SF

Building class

A

Zoning

AG — Agricultural

$ / SF

—

Occupancy

100%

About this property

State-of-the-art approx. **16,000 sq. ft. steel building (80 ft. x 200 ft.)** available for lease with approximately **2 acres of land included**. This spacious shell building offers excellent flexibility and can be customized to suit the Tenant's specific requirements, subject to applicable approvals. Features **6 oversized garage doors**, including five 14 ft. x 14 ft. doors and one 16 ft. wide x 14 ft. high door, providing excellent access and loading capabilities. Potential uses may include **agricultural storage, nursery, manure storage facility, greenhouse farming, livestock facilities, farm market, warehousing, and other agricultural or commercial-related uses**, subject to zoning and required approvals. The property comprises approximately **22 acres in total**; the additional approximately **20 acres may be available at a separately negotiated rate** if required by the Tenant. Tenant and Tenant's representatives are advised to conduct their own due diligence regarding zoning, permitted use, licensing, utilities, building requirements, and all municipal/government approvals for the Tenant's intended use. An excellent opportunity for businesses seeking a large, versatile building with flexible space and land options. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$89K

Annual cash flow

$6K

Cash-on-cash

1.31%

DSCR

1.07

Going-in cap

5.94%

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
Halcyon Wealth Partners5,553 SF2030-03
Halcyon Wealth Partners3,636 SF2030-03
Halcyon Wealth Partners2,333 SF2029-03
Halcyon Wealth Partners4,430 SF2029-03

Area demographics

Trade area within 3 miles of the property.

Population

70,673

Households

29,930

Median income

$78,500

Median age

43.6

Daytime population

116,478

5-yr growth

6.1%

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

Secure deal room

Confidential diligence documents for 3824 WESMINSTER DRIVE, London South (South HH).

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.