For Lease · Industrial

600 CAMPBELL STREET, Cornwall

600 CAMPBELL STREET, Cornwall, ON K6H6C9

Price on request

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Asset Class

Industrial

Size

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Building class

C

Zoning

IL — Light Industrial

$ / SF

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Occupancy

87%

Lot Size

11.3 ac

Clear height

32 ft

Loading docks

9

About this property

The space consists of approximately 6, 322 sq ft of main floor fully airconditioned offices and 1,532 sq ft of offices on the second floor. In total there are 5 sets of washrooms in the space. Currently the area is occupied by one tenant, but the main floor can easily be split into two separate offices, suites 100 and 101. Each main floor suite has its own private washrooms for both female and male. The area is very open with plenty of natural light with a good mix of open areas and private office space. The second floor space is equally impressive with a large open area and two executive offices. The Rent is an affordable $18.00 per sq ft per annum gross to the Tenant. Annually the rent will increase by 2% per annum to off set increases in operating costs. Operating Costs are currently estimated to be +/-$6.00 per sq ft/ annum There is plenty of parking for both staff and customers just outside of the main doors. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$72K

Annual cash flow

$-11K

Cash-on-cash

-2.40%

DSCR

0.87

Going-in cap

4.82%

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

128,267

Households

47,053

Median income

$73,000

Median age

44

Daytime population

180,488

5-yr growth

7.9%

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

Secure deal room

Confidential diligence documents for 600 CAMPBELL STREET, Cornwall.

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.