Business For Sale · Industrial

20 Halifax Street, Goose Bay

20 Halifax Street, Goose Bay, Newfoundland & Labrador A0P1E0

$4.0M total

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Asset Class

Industrial

Size

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Building class

C

Zoning

IM — Medium Industrial

$ / SF

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Occupancy

97%

Year Built

1941

Clear height

25 ft

Loading docks

8

About this property

FOR SALE OR LEASE A rare opportunity for hanger space, industrial repair or fabrication. This unique property features a large timer douglas fir wood frame Warren/Pratt type truss construction, concrete slab, full municipal services, with an approximate hanger floor area of 6400 square feet. This building has recently been remodelled inside, that included replacing the interior sheeting, electrical, plumbing, surface coatings, a live-in apartment and an attached trailer type bunkhouse with bathroom facilities. The main hanger measures 80’X80’ plus a 20’X20’ storage room, and the apartment measures 20’X60’. A firewall separates the the apartment and hanger. The apartment includes a modern industrial kitchen. This kitchen measures 10.5’X11’, and is open to a 20X13 living room. It has two bedrooms, one 13’X18.5’ and a master bedroom of 19’X15’. A 3’X5’ laundry room and a 7.5’X14’ bath separate the master from the living area. Stainless steel, and wood finishes are throughout the apartment, and the flooring is vinyl tile. General access to this property is via Halifax Street in the industrial area in Goose Bay, and is located adjacent to the intersection of runways 26 and 34 at CYYR airport. A large paved paved lay-down or taxiway separates the building from the airfield. A chain link fence surrounds most of the lot. This property is zoned Industrial Aviation and allows for unique usage. A full asbestos abatement program has been completed on this property, and a Phase I Environmental Site Assessment was recently completed in 2020. (id:66811)

Financial sandbox

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Estimate
Purchase price$4.00M
Down payment30% · $1.20M
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$18K

Projected NOI

$237K

Annual cash flow

$16K

Cash-on-cash

1.32%

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.

Area demographics

Trade area within 3 miles of the property.

Population

85,225

Households

33,499

Median income

$136,000

Median age

38.5

Daytime population

124,181

5-yr growth

5%

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

Secure deal room

Confidential diligence documents for 20 Halifax Street, Goose Bay.

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.