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For Lease · Industrial

1500 EDWARD STREET, Prescott

1500 EDWARD STREET, Prescott, ON K0E1T0

Price on request

—

Asset Class

Industrial

Size

—

Building class

A

Zoning

IM — Medium Industrial

$ / SF

—

Occupancy

91%

Lot Size

88 ac

Clear height

26 ft

Loading docks

10

About this property

Excellent opportunity to lease a versatile commercial property in Prescott, ideally suited for trucking companies, truck and automotive repair shops, fleet maintenance services, and other transportation-related businesses. Conveniently located near Highway 401, this property offers excellent accessibility for business operations throughout Eastern Ontario. The property features a spacious double-door service bay suitable for truck and trailer maintenance, automotive repairs, and related service operations, subject to permitted use. Ample parking is available for trucks, trailers, customer vehicles, and employee parking. The property also offers a functional office area with potential for private offices and staff workstations, a kitchen area, one full bathroom, and one half bathroom. A partially finished basement provides additional potential space for storage or employee use. A double-car garage offers further space for vehicles, equipment, or storage. Ideal for businesses looking to establish or expand their operations in a convenient Highway 401 corridor location. The landlord is flexible with lease terms and motivated to secure a suitable tenant. Lease Price: $5,500/month plus utilities and TMI. Contact for additional information or to schedule a viewing. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$77K

Annual cash flow

$-6K

Cash-on-cash

-1.26%

DSCR

0.93

Going-in cap

5.16%

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

87,541

Households

33,921

Median income

$80,500

Median age

39

Daytime population

111,587

5-yr growth

5.4%

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

Secure deal room

Confidential diligence documents for 1500 EDWARD STREET, Prescott.

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.