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$4.0M total
—
Asset Class
Industrial
Size
—
Building class
C
Zoning
IM — Medium Industrial
$ / SF
—
Occupancy
97%
Year Built
1941
Clear height
25 ft
Loading docks
8
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)
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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.
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.
Confidential diligence documents for 20 Halifax Street, Goose Bay.
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.