For Sale · Industrial

1085 BRYDGES STREET, London East (East M)

1085 BRYDGES STREET, London East (East M), ON N5W2B5

$799,900 total

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Asset Class

Industrial

Size

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Building class

A

Zoning

IL — Light Industrial

$ / SF

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Occupancy

86%

Clear height

28 ft

Loading docks

13

About this property

Light Industrial - Development Opportunity. This is the perfect chance to build your business here! Superb double building lot available in a busy industrial area. Currently a residential 4 plex with an additional adjoining vacant lot 1089 Brydges Street PIN # 082950037 with a combined frontage of 123.40 Feet. Renderings are of Approx 3500 sq ft building with 6 bays/12 parking spots mixed use with 6 separate units. Huge potential here for an investor or end user. Financing / VTB available, or can be purchased built-to-suit. Call today for more details. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$800K
Down payment30% · $240K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$34K

Annual cash flow

$-10K

Cash-on-cash

-4.15%

DSCR

0.78

Going-in cap

4.30%

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

83,620

Households

33,617

Median income

$137,000

Median age

35

Daytime population

87,623

5-yr growth

2%

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

Secure deal room

Confidential diligence documents for 1085 BRYDGES STREET, London East (East M).

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.