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$3.1M total
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Asset Class
Industrial
Size
—
Building class
A
Zoning
IB — Industrial Business
$ / SF
—
Occupancy
86%
Year Built
1982
Lot Size
4.3904 ac
Clear height
20 ft
Loading docks
7
80 Marine Drive is a 6-unit industrial multiplex designed to support various configurations and offers 20,000 square feet of combined warehouse and office space on a well proportioned 4.39 acre parcel. The building is arranged to support multiple units, each with its own mix of office areas, washrooms, and warehouse sections with either drive in or dock high loading. This flexible layout is well suited for a variety of commercial or industrial users. At the front of the property, a large parking area accommodates staff and visitors with convenient access to several office entrances. The rear of the building features a paved yard designed for semi truck maneuvering, trailer parking, and general industrial activity. Inside, the warehouse areas offer great ceiling height, open floor space and storage. The internal configuration includes several office sections, some with multiple washrooms and second floor office space, along with large warehouse bays that feature loading docks or drive in access. This setup allows for multi tenant occupancy or a single operator who requires segmented functional areas. The combination of office and warehouse options provides strong adaptability for businesses with varied operational needs. This property presents a strong opportunity for investors or owner operators seeking a well located industrial asset within one of Cape Bretons established business parks. Sydport Industrial Park provides reliable infrastructure and convenient access to major transportation routes, making it a practical location for logistics, warehousing, or commercial operations. To accommodate the ideal acquisition structure and financial needs of the buyer, the ownership is open to executing either an asset sale or a share sale and is further willing to consider a Vendor Take-Back mortgage as part of the transaction if required. An NDA will be required before any financial information will be provided. (id:66811)
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Monthly debt service
$14K
Projected NOI
$125K
Annual cash flow
$-47K
Cash-on-cash
-5.05%
DSCR
0.73
Going-in cap
4.03%
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
121,667
Households
43,542
Median income
$114,000
Median age
34.9
Daytime population
152,799
5-yr growth
2.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 80 Marine Drive, Edwardsville.
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.