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$3.9M total
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Asset Class
Industrial
Size
—
Building class
A
Zoning
IL — Light Industrial
$ / SF
—
Occupancy
92%
Lot Size
3.2 ac
Clear height
31 ft
Loading docks
2
Rare opportunity to acquire a substantially modernized commercial/industrial property with approximately $1 million invested in capital improvements over the past two years. The extensive investment includes a new approximately 4,000 sq. ft. two-storey building addition, major mechanical and electrical upgrades, comprehensive interior renovations, enhanced security and technology infrastructure, and significant site improvements. The newly constructed addition features a dedicated 6-ton HVAC system, separate electrical transformer and modernized building services. The existing facility has been extensively upgraded with new staff amenities and washrooms, including a universal/accessibility washroom, 2.5-ton HVAC for the mezzanine office and 12.5-ton HVAC serving the warehouse. Professionally ground and levelled floors, new LED lighting throughout and roof sealing/spray treatment further enhance the building. Additional improvements include eight new 3-piece washrooms, two with heated flooring, full building networking, operational Starlink internet, DVR security and surveillance, cellular communication infrastructure, a fully paved lot, secure gated perimeter and completed landscaping. Adding further value, an approved building permit for approximately 2,000 sq. ft. of additional warehouse expansion provides future growth potential. This impressive combination of new construction, upgraded infrastructure, modern amenities, enhanced security and substantial recent capital investment offers a turnkey environment designed to support sophisticated commercial and industrial operations. (id:66811)
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Monthly debt service
$18K
Projected NOI
$221K
Annual cash flow
$8K
Cash-on-cash
0.70%
DSCR
1.04
Going-in cap
5.75%
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
118,882
Households
41,005
Median income
$135,000
Median age
38.8
Daytime population
149,910
5-yr growth
6.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 75 INDUSTRIAL ROAD, New Tecumseth (Tottenham).
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.