For Sale · Industrial

3 - 275 HANLON CREEK BOULEVARD, Guelph (Kortright Hills)

3 - 275 HANLON CREEK BOULEVARD, Guelph (Kortright Hills), ON N1C0A1

$1.7M total

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Asset Class

Industrial

Size

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Building class

B

Zoning

IM — Medium Industrial

$ / SF

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Occupancy

95%

Clear height

34 ft

Loading docks

3

About this property

Outstanding opportunity to acquire a commercial unit offering approximately 5,600 sq. ft. of versatile space in a highly visible location with exceptional exposure to the Hanlon Expressway. Approximately 10 years old, the property features a modern, professionally finished interior with an excellent combination of office and warehouse space.The approximately 4,000 sq. ft. main level is currently tenant-occupied and includes approximately 1,600 sq. ft. of finished office space plus approximately 2,300 sq. ft. of warehouse space. The warehouse features an impressive 24-ft height to deck, a large 12' x 16' drive-in door, providing excellent functionality for a variety of commercial operations.The additional 1,600 sq. ft. second-floor office area is modern, bright and professionally finished, and is available for an owner-occupant or additional leasing opportunity. A rare opportunity combining outstanding Hanlon Expressway exposure, modern office space, functional high-clearance warehouse facilities and existing tenancy. Ideal for an owner-user looking to operate their business while benefiting from rental income, or an investor seeking a versatile commercial asset. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.70M
Down payment30% · $510K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$8K

Projected NOI

$95K

Annual cash flow

$1K

Cash-on-cash

0.23%

DSCR

1.01

Going-in cap

5.61%

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

57,900

Households

24,698

Median income

$79,500

Median age

40.6

Daytime population

88,694

5-yr growth

8.2%

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

Secure deal room

Confidential diligence documents for 3 - 275 HANLON CREEK BOULEVARD, Guelph (Kortright Hills).

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.