For Lease · Specialty

79 HIGHWAY 2 Unit# B, Princeton

79 HIGHWAY 2 Unit# B, Princeton, ON N0J1V0

Price on request

2,400 SF

Asset Class

Specialty

Size

2,400 SF

Building class

B

Zoning

US — Urban Services

$ / SF

—

Occupancy

94%

Lot Size

4.22 ac

About this property

Opportunity to lease approximately 2,400 square feet of warehouse space on a rural commercial property in Brant. This versatile and functional unit features two drive-in bay doors, 12 ft ceilings, a private entrance and a 2-piece bathroom, making it the ideal space for contractors and trades for workshop use, storage or agricultural-related businesses. Equipped with two drive-in bay doors, the unit provides high-clearance access for larger vehicles, equipment and trailers. Heat (natural gas) can be made available for the unit if required. The tenant is responsible for the cost of utilities. Convenient rural location located minutes to the 401 & 403 offering excellent access to Kitchener-Waterloo, Hamilton and Brantford. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$81K

Annual cash flow

$-2K

Cash-on-cash

-0.40%

DSCR

0.98

Going-in cap

5.42%

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.

Rent roll (estimated)

TenantAreaExpiry
Prairie Coffee Roasters1,034 SF2029-09
Prairie Coffee Roasters1,225 SF2029-09

Area demographics

Trade area within 3 miles of the property.

Population

145,806

Households

61,368

Median income

$69,500

Median age

40.9

Daytime population

201,266

5-yr growth

9%

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

Secure deal room

Confidential diligence documents for 79 HIGHWAY 2 Unit# B, Princeton.

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.